Exchanges Exploiting KYC To Steal User Funds

[Anonymous No.17349428]

https://news.bitcoin.com/currency-com-kyc-withhold-funds/

Currency.com Accused of Exploiting KYC to Withhold Customer Funds

>deposit 1500$ in BCH on exchange
>make several trades over days
>go to withdraw
>denied despite prior KYC
>Your KYC has expired, prove proof of funds

"What Is Proof of Funds?
The customer support response (edited to fix English) continued:
“In order for your trading account to operate properly in future, we kindly ask you to provide us with the documents that confirm the origin of funds you used for transaction conduction within your account on Currency.com.

As a confirmation of the origin of the funds you can provide:
– documents for inheritance;
– documents confirming the sale of real estate and crediting the proceeds to the account;
– a document confirming the fact of purchase of shares, bonds, securities;
– the contract under which money was received for the performance of certain services;
– contract for obtaining royalties;
– lease agreement (for receiving the rent);
– the contract under which the debt is returned;
– decision / protocol on dividend payment;
– bank statement, registration in the prescribed manner;
– deed of gift and etc.”

>Provide all that but blur out personal bank account balance
>Not good enough
>show our eastern european identity thieves will all your information how much you have in your bank account
>Provide this
>Not good enough

"When the client’s funds were obtained as a gift, the client can provide us with their withdrawal/deposit history in order to prove the origin of funds, and if the funds were earned, the client can provide us with their trade history (for example from different platforms). "

>Provide trade history on other platforms
>Not good enough
>Demand proof of address despite having provided it months earlier
>Give proof of address
>Not good enough

TLDR you dont get your money back unless youre a reporter writing an article on the exchange who has met the CEO.

[Anonymous No.17349521]

Srsly bump effortpost threads if you dont like 34 Chainlink shill threads, this is a real news article with important information and it falls off the page because I didnt eat a 3 day ban posting porn to go along with it. Sad. You get the board you deserve, this place is going to be /pol/ in a year, and thats a bad thing, from an actual /pol/ack whos been around since /b/ in 2007.

[Anonymous No.17349781]

This happened to me before on bittrex. Luckily I live close to one of their employees so I drove out and kidnapped his daughter and held her ransom until they unlocked my account.

[Anonymous No.17349887]

>>17349428

Who the fuck uses currency.com?

[Anonymous No.17349967]

bump for good post and persian qt

[Anonymous No.17349988]

>>17349428
this happened to me on bitstamp

[Anonymous No.17350121]

>>17349428
why, are you literal eggheads using shady bitchass exchanges like these? I mean I get using weird ones too but I never keep funds on there

[Anonymous No.17350158]

>>17349428

all the 'journalist' reviews of exchanges are fucking hideous and should be career ending.
https://cryptogeek.info/en/exchanges/cryptobridge

crypto bridge closes its doors and this faggot cunt journalist still writes a review on it saying its decentralized even though it was never decentralized it was all just one big lie, but still kept the review up lmao

[Anonymous No.17350163]

>>17349428
Mo one is reading all that. Give me sauce on female. I have to coom

[Anonymous No.17350201]

>>17349428
I got a letter the other day regarding a Class Action Lawsuit in my state, over some company that an exchange used for KYC. Hopefully I win some monies

[Anonymous No.17350336]

>>17350121
Burgers are banned from most legit exchanges so we have to resort to chink wash trading exchanges to trade shitcoins

[Anonymous No.17350419]

>>17349428
I want to read more, this is just incredible. You are super fucked man

[kleros was a scam coin all alo(...) No.17350439]

>>17349428
These fucking verification shits, never again.

[Anonymous No.17350494]

>>17349428
Iranians are heavily inbred.
30-40% are the children of first cousins.
The Persian QTs like in the OP are a product of plastic surgery.

[Anonymous No.17350514]

that will teach you to use binance or huobi from now on.

[Anonymous No.17350532]

>>17349428
After all the shit that has happened it’s amazing to me people still don’t exclusively use US based exchanges. I’m not even a burger but they’re the only country I trust to regulate effectively if shit goes sour

[Anonymous No.17350578]

>>17350163
land of aryans on facebook

[Anonymous No.17350582]

i've never had this happen, i have used mostly binance, kucoin, crypto.com, yobit, bibox, tradeogre and bleutrade. maybe i just got lucky.

[Anonymous No.17350593]

>>17350494
So youre saying the kids had plastic surgery too? 70% of Pakistanis are inbred, I have the numbers. Iran isnt even on the list.

[Anonymous No.17350613]

>>17350494

[Anonymous No.17350629]

>>17350494
Also funny how it takes Iran as a single blob failing to consider its multiple peoples. Jews gonna Jew.

[Anonymous No.17350669]

>>17349428
ahh, when i was first looking for exchanges I used bitstamp, ironically thats when I first purchased XRP, they had it listed for $0.02 or something, and I had bought 50,000
however, I sold it when I tried to withdraw they wouldn't release funds because they wanted to know where I had got the bitcoin, I told them I mined it, does it fucking matter?
They wanted receipts for graphics cards, I shit you not, I demanded they send the funds, and they banned my account.
exchanges are doing an extreme disservice if they're going to scam, hold funds, or do anything shady, even pausing markets without warning users ahead of time is bad practice

[Anonymous No.17350674]

>>17350494
Oh and cant forget, Jews have a high rate of mental illness because they have a tradition of marrying their family to avoid goyim getting the shekels.

[Anonymous No.17350747]

>>17350669
Ive heard HitBTC locks your account and demands KYC if you try to withdraw less than top tier coins like say NEO.

[Anonymous No.17351058]

>>17350629
there's persian jews too buddy
don't be like the retard you're replying to
can we just say persian girls are hot and leave it at that

[Anonymous No.17351605]

I only use Coinbase and Binance. I don't think these kind of exchanges pull this shit.