XRP Forensics, a company that specializes in analyzing data on the ripple-developed cryptocurrency network, claims that the HitBTC exchange does not take proper measures to prevent illegal operations.
"Sometimes we just give up when we monitor money laundering. Some service providers in the field of virtual currencies simply do not care," she writes in relation to the transaction received on the exchange.
In response, HitBTC asked to report illegal activity to Its support service and local law enforcement agencies. XRP Forensics said that they tried to do this several times without success, and provided a graph showing a sharp increase in deposits in recent days from suspicious accounts.
HitBTC was founded in 2013 and has an extremely low level of transparency in its activities. Its leadership remains anonymous, and the demands on the audit ignores. The company CipherBlade, which provides investigative services in the cryptocurrency industry, admits that the exchange's wallets may not have enough assets to cover all user requirements.
Shortly before this, XRP Forensics also reported that the Bittrex exchange was unable to block the transfer of 1.15 million XRP ($300,000) sent by the organizers of the confirmed phishing scheme.
"The entire amount was sent for five payments to Bittrex, which failed to confiscate the cryptocurrency in a timely manner," XRP Forensics said.