Litebit bankrupt?

Is Litebit bankrupt very soon?

Litebit.eu is a Dutch exchange platform for Cryptocurrencies. You can sell en buy Cryptocurrencies. It is also possible to keep an Online Wallet (more on this in my page on technical stuff you should know before you start trading). If a company has a lot of Online Wallets for their customers, this company will be a serious candidate for hacking attacks. Hack attacks are very sophisticated. If an attack is successful, the normal process is to keep it silent and then later make a statement that there was a hacking attempt. You have to look at other indicators if a company is having problems with payments. Indicators are: slow payments (back to normal FIAT Money), slow transactions, silence when you report a complaint.

We all remember Mt. Gox, a big Bitcoin exchange in Japan, that went bust.

If you read all the reviews about Litebit on Trustpilot, there seems something wrong.

If litebit opens for trading, be very careful. If possible, remove your money from the online wallet and transfer this to your own wallet.

Latest news on Litebit

December 18th, 02:00 CET: Litebit is trading again (showing coins available) but we hope they are more open about the problems (communication is key, and that is missing).