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3xBit broker website goes down for lack of payment to server

Cryptocurrency

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The 3xbit cryptocurrency platform, which has been struggling to pay its customers since September last year, shut down its website this Wednesday (26).

The Bitcoin Portal spoke with the company's CEO, Saint Clair Izidoro, who stated that "the site went down for lack of payment to the provider".

Saint Clair said he was very sad about this situation:

"I spent so much time with my team to develop this platform, which was considered one of the safest and most innovative in Brazil".

3xbit in crisis

The company's bad situation, however, has been dragging on since the delays in customer withdrawals occurred. Since then, 3xbit, has not managed to recover its credibility in the market. The company was even evicted from its headquarters for failure to pay rent.

Almost all of the company's employees had already been laid off before this eviction. The report at the time came to talk to a former employee who did not identify himself and said that the broker fired 35 of the 40 employees he had.

From Leasing to Chaos

It broke out after the scandal involving cryptocurrency leasing contracts, which were even explained by the company's CEO through a leaked video.

Through the portfolio contained in the so-called leasing contract, 1,193 bitcoins passed through the system, which exceeds R $ 40 million. This deal also involved intermediary companies, which received about 10% of each cryptocurrency rental contract.

In the face of the crisis, then, which involved bitcoin leasing contracts, investors filed numerous complaints on the website Reclame Aqui – all reports came with criticism for the company not paying or returning the bitcoins.

On September 30, the broker announced via email that it would end these contracts.

In the same email, 3xBit changed the deadline for returning Bitcoins to those who held between 2 and 5 bitcoins for November 22. The yields, however, would be active until the last day of October this year. The term for those with lower values ​​had expired and even then the investors were not paid.

Before the scandal broke, the company had already stopped paying regular customers of the platform. At that time, the company stated that withdrawals were blocked due to an optimization of the system and internal processes. However, in addition to not having previously informed investors about the change, 3xbit did not justify the delays in withdrawals in bitcoin.

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