HitBTC Claims Startup Faked Balances as it Denies Freezing $20M Worth of Crypto

Cryptocurrency exchange HitBTC has denied allegations that it froze Brazillian investment startup Atlas Quantum's funds, claiming the evidence is forged.

Atlas Quantum claims the exchange froze $20.7MIn a Twitter argument which began on Oct. 2, the exchange said it had no record of blocking the accounts of Atlas Quantum.

The latter had alleged in a video on Sept. 18 that HitBTC froze 1,862 BTC and over $5.4 million in stablecoin Tether in its account.

HitBTC then responded to the tweet continuing the complaint this week, which Atlas Quantum subsequently deleted.

"We cannot confirm the recently published claims by Atlas Quantum regarding HitBTC, as we don't have any blocked accounts with equal or similar balance. Moreover, we haven't received any official request for assistance from Atlas Quantum team by now."

"Moreover, the HitBTC interface in the video has been forged."

Atlas Quantum has yet to respond publicly, including to a request from Cointelegraph Brazil, which previously broke the news.

As Cointelegraph reported on Aug. 23, two Canadians of Indian origin were charged in the United States with a $233,220 Bitcoin fraud using a fake HitBTC account on Twitter.