Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $32.5 million) from the exchange in February. The company claimed “it fell victim” to an elaborate scam orchestrated in collusion with three of its clients.
https://news.bitcoin.com/u-k-cryptocurrency-exchange-cubits-shuts-down-after-33m-scam/