Red Flags
2
BitInka
BitInka is involved in legal disputes and tied to BitGrail’s 2018 $170M loss. It has faced security issues and user complaints about delayed withdrawals.
Quick summary on BitInka
Legal Disputes:
In October 2022, Datachain Labs, LLC filed a complaint against BitInka Limited, Blockzy OU, and Blockzy Technologies SL, indicating ongoing legal issues.
BitGrail Connection:
BitInka has ties to BitGrail Exchange, which suffered a major loss in 2018.
BitGrail reported the theft of around $170 million worth of Nano Coins, leading to legal disputes and customer complaints.
Loss Incident (2018):
The loss involved unauthorized transactions, with BitGrail and the Nano development team blaming each other for the breach.
Customer Complaints:
Users have reported prolonged withdrawal delays, with some waiting for weeks without receiving their funds.
Security Concerns:
BitInka has been associated with security breaches in the cryptocurrency industry, highlighting the importance of robust security measures for exchanges.
Intel Reports
by: Adam Kelley
BitInka’s ties to BitGrail, an exchange that lost $170 million, should raise alarms. If they can’t prevent that kind of breach, they certainly can’t protect your funds. Stay away.
by: Claire Banks
Withdrawal delays are a huge issue for BitInka users. Some have been waiting weeks without their funds. That’s not a minor inconvenience it’s a warning to steer clear.
Cons
by: Xavier Lane
If you thought BitInka was safe, think again. The BitGrail loss in 2018 involved unauthorized transactions, with both BitGrail and Nano pointing fingers. That’s not transparency it’s blame-shifting.
by: Aurora Stone
BitInka’s legal issues are a ticking time bomb. Datachain Labs filed a complaint against them, showing they can’t seem to stay out of trouble. That’s not a sign of a trustworthy exchange it’s a red flag.
by: Nicholas O’Neal
If your exchange has ties to BitGrail, one of the biggest crypto heists in history, you probably shouldn’t be in business!
by: Nathan Wilkerson
BitInka has a history of lost funds, delayed withdrawals, and legal troubles....why would anyone trust them?
by: Michelle Russo
Every time I ask about my withdrawal, I get the same automated excuse how long do they think they can keep scamming people?
by: Megan Singleton
BitInka’s connection to the BitGrail disaster should have been a red flag now my money is stuck, and they won’t even acknowledge my requests!
by: Matthew Frye
I tried withdrawing my funds from BitInka, and it’s been weeks no response, no support, just silence! Feels like a scam!
by: Cooper Fisher
I’ve been waiting for weeks to get my funds out of BitInka. Their customer service is non-existent, and the delays are outrageous.
by: Bella Bryant
They’re linked to the BitGrail hack—$170 million stolen—and they’ve never shown they can fix the security issues. Stay away.
by: Julia Kim
BitInka is a disaster. Legal issues, withdrawal delays, and ties to a failed exchange make this platform a massive risk.