Russian cryptocurrency exchange Beribit faces&nbsp;fraud allegations after refusing to refund&nbsp;customers’&nbsp;money. 
Russian media <a href="https://t.me/mash/53948" target="_blank" rel="">reports</a> that the crypto exchange administration requires a certificate of the legality of income from Beribit victims in order to avoid paying debts. Just&nbsp;19 of 100 exchange clients have received money. 
According to some estimates, the total amount of funds blocked on Beribit could reach 400 million rubles, equal to about $4.3 million. Previously,&nbsp;representatives of the platform&nbsp;confirmed damages in the amount of 24.9 million rubles, about $263,000, but this is only a&nbsp;small&nbsp;part of the total amount of frozen assets. 
Only&nbsp;11 clients have passed the audit and are supposed to receive their funds in the coming days. However, in the middle of the night, users received messages from Beribit, demanding they provide evidence that they were not laundering money through exchanges. 
 You might also like: <a href="https://crypto.news/russia-pilots-new-system-for-tracing-crypto-to-fiat-links/" rel=""> Russia pilots new system for tracing crypto-to-fiat links </a> 
Owners of crypto wallets suspect that the exchange is changing conditions, asking for personal information, and looking for an excuse to pocket the money. 
The scandal surrounding Beribit broke out&nbsp;back&nbsp;in March when&nbsp;searches were carried out&nbsp;in the&nbsp;company’s&nbsp;<a href="https://crypto.news/tag/moscow/" target="_blank" rel="">Moscow</a> offices. In April, the exchange <a href="https://crypto.news/beribit-angers-clients-russia-officials-consider-ban/" target="_blank" rel="">reported</a>&nbsp;technical problems&nbsp;with the withdrawal of cryptocurrency, which it later explained by a change in management and&nbsp;reporting inconsistencies.&nbsp;After a crowd of outraged customers arrived outside&nbsp;Beribit’s&nbsp;office, the company promised to&nbsp;fully pay users. 
However,&nbsp;so&nbsp;far&nbsp;Beribit has not delivered on its promises, and platform customers continue to complain about the inability to withdraw funds. 
 You might also like: <a href="https://crypto.news/no-plans-for-total-crypto-ban-in-russia-lawmaker-says/" rel=""> No plans for total crypto ban in Russia, lawmaker says </a>

Major Russian exchange freezes $4m of user assets, citing money laundering

crypto.news

Other articles published on May 3, 2024

Toncoin Price Forecast: $20 Per TON Imminent On Pantera’s Strategic Move?

Injective Price Prediction: Is INJ a Safe Buy Now After 20% Fall?

LUNC Price Prediction: Terra Classic On The Verge Of 66% Move?

Coinbase Shatters Expectations with $1.18B Net Income in Q1 2024: A New Era for Crypto Trading (C...

Bitcoin Corporate Adoption + $BTC Pumping After Fed Meeting | PART 1

Penguiana Presale Goes Live With Almost 300 SOL Raised In 2 Hours

Join our free newsletter for daily crypto updates!