Troubles at Russian Crypto Exchange Beribit Lead to Client Protests and Legislative Action

The cryptocurrency world is in turmoil as Russian authorities crack down on the popular exchange Beribit, leading to a chaotic scene at their offices. What started as a raid in connection to a terrorist attack quickly escalated into a financial scandal, with clients demanding millions of dollars in funds back.

Videos circulating on social media show angry customers confronting Beribit employees, who attempted to flee before being stopped by the police. The exchange has promised to resolve deposits within 1-15 days, but some reports suggest that only clients who filed police reports have received their funds.

Adding to the drama, the Russian Duma is considering a bill that would ban cryptocurrency exchanges in the country, citing national security concerns. However, some legislators argue that such a ban would hinder Russia’s ability to purchase weapons and defense equipment from non-Western countries.

As the situation unfolds, the future of cryptocurrency exchanges in Russia remains uncertain. Stay tuned for more updates on this developing story.