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Beribit in turmoil after Russian officials contemplate crypto | Crypto Bubble

Beribit in turmoil after Russian officials contemplate crypto exchange ban

Over 50 clients of Russian crypto exchange Beribit attempted to stage a protest at the company’s office in Moscow.

According to reports, the unrest started on April 26 at the Federation Tower, the site of Beribit’s office, with clients clamoring for the return of approximately 400 million rubles, funds they were unable to withdraw for several days.

The investors have voiced frustration over money being “stuck” during withdrawal processes, contrasting with smooth deposit transactions.

Efforts by Beribit staff to leave through alternative exits were obstructed by the irate investors, prompting police intervention.

A circulating video on Telegram alleges that instead of cash, disgruntled clients were handed chocolates as a form of redress.