• Evan Luthra has accused Bitget, a leading cryptocurrency exchange, of being involved in a widespread scam.
• He raised several concerns including the anonymity of its founder/CEO, the absence of a legitimate office address and terms of service that potentially allow Bitget to freeze and take user funds.
• Luthra claims that BitGet’s marketing relies heavily on paid promotions and has little organic support, with most of their followers being fake or bots.

Evan Luthra Accuses Cryptocurrency Exchange Bitget Of Scam

Concerns Raised By Luthra

Tech entrepreneur and serial crypto investor Evan Luthra has accused Bitget, a leading cryptocurrency exchange, of being involved in a widespread scam. In a series of tweets, Luthra raised several concerns about the company, including the anonymity of its founder/CEO, the absence of a legitimate office address and terms of service that potentially allow Bitget to freeze and take user funds. He also pointed to a recent exploit in which over $8 million was lost, suggesting that it was an inside job rather than a genuine hack as centralized exchanges are not prone to hacking in the same way that decentralized exchanges are.

Marketing Strategy Of BitGet

Luthra claims that Bitget’s marketing relies heavily on paid promotions and has little organic support, with most of their followers being fake or bots. He compared this marketing strategy to that of FTX prior to its downfall. Further he accused them for paying influencers and accounts to defame him for dumping tokens rather than addressing his concerns directly.

Evan Luthra’s Background

Evan Luthra is an accredited angel investor who had invested in wide range products from Snapchat when it was first launched till Bored Ape Yacht Club NFTs among many other investments he made in his career. Moreover he is also member Forbes Technology Council which shows his expertise in technology field as well as investments related topics too.

Invitation To Live Discussion

Luthera invited representatives from bit get join him for live discussion but they did not respond yet which further raises suspicion against their integrity . He said they have spoken privately with employees who confirmed what Luthera claiming but they are not ready yet to speak publicly about it .

BitGet Responds To Allegations

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