HitBTC Denied $20M Blocking Allegations from Startup, Claiming Evidence Was Forged

By Warren Hayes | October 5, 2019

Crypto exchange firm HitBTC has denied accusations against it, regarding its decision to block the Brazil-based investment startup Atlas Quantum’s funds, claiming the provided proof to have been forged. 

As revealed via a heated discussion on the social platform Twitter on October 2nd, the exchange claimed to know nothing about the freezing Atlas Quantum is said to have experienced. 

Atlas Quantum has put together a footage back on September 18th, accusing HitBTC of blocking 1,862 BTC ($15.3 million), along with more than $5.4 million in stablecoin Tether (USDT) in its private storage. 

HitBTC has consequently replied to the Twitter post, to keep its complaint regarding the false charges going on, but the post seemed to have been erased ultimately by Atlas Quantum. 

“We cannot confirm the recently published claims by Atlas Quantum regarding HitBTC, as we don’t have any blocked accounts with equal or similar balance. Moreover, we haven’t received any official request for assistance from Atlas Quantum team by now.” HitBTC representatives claimed, following previous responses of how the photos showing the funds of Atlas Quantum was intentionally falsified.

Atlas Quantum has been quiet ever since, and still has not produced any further public statement.

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