Crypto wallet and trading platform BT360 left users interested in their money after its website and social media accounts were down.

Users claimed that their BT360 wallets prevented them from sending their money outside the platform, causing some to fear a new scam.

We may witness a new 1 million dollar scam

While the Israel-based platform is not the most well-known, users are supposed to have thousands of shekels, with the shekel currently worth around $0.30.

Therefore, it is possible that the damage is estimated at about 1 million dollars.

With the official website offline, social media account silent and mobile app error messages popping up, many customers fear the worst.

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Erez Fishler, CEO of BT360, has a history of starting businesses and then going bankrupt and was previously suspected of fraud.

when you get up Source By contacting him, Fishler claimed he was just an employee of BT360, but left the job a few weeks ago.

He said he had a recent confrontation with the company’s owners over some questionable crypto transactions and resigned.

I had no access to the company’s bank accounts and was not allowed to sign.

I didn’t know if the balances in the account of the company that deposited the money matched the balances in the wallets.

I don’t know what’s going on, and it’s not right for me to continue the role this way.

He also claimed that the owners of the platform are from a wealthy family, and it is assumed that they will deal with the matter.

While BT360 owner Eyal Sad stated that Fishler was guilty of mismanagement, noting that the compliance officer and the company’s attorneys were currently investigating “to find out what Fishler did within the system.”

Sade also notes that the silence of social media accounts and the lack of crypto wallet functionality will be dealt with in a timely manner.

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We have decided to turn off the servers so that there are no other procedures that we cannot follow.

Once we have answers, we can back up the system and the platform will continue to work.

All clients talk to me directly and receive answers and have to wait patiently and things will work out.

Fraud and crypto

Unfortunately, scams and surprise exits are still common in the crypto space.

Let’s hope this issue will be resolved positively for BT360 users, as the owner promises to be “sad”.

Positive results are unknown, and societal pressure can often help.

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