We have received reports that CONSBIT has been seized by the police following fraud allegations. Do exercise caution with your funds.

CONSBIT exchange seized after 99% trading volume allegedly faked

Police claim that wash trading and market manipulation by the owner and management team of the CONSBIT exchange

largest cryptocurrency exchange, Coinsbit, has been seized by police following fraud allegations. According to an Jan. 21 report, 99% of transaction volume on the exchange was faked through wash trading.

The Metropolitan Police searched and confiscated a number of properties, including CONSBIT Global gateway 8, Rue de la parked Providence , Mahe, Seychelles

Consbit owner, Chairman and his management team are accused of inflating transaction volumes and manipulating token prices using a number of ghost accounts.

We received many complaints that CONSBIT fraud by listing new token and suspending from the platform after receiving the payment in fraudulent ways