HitBTC was criticized for months …
HitBTC exchange criticized for months of blocking user account
The well-known cryptocurrency analyst and trader Sicarious recently tweeted about the problems his mother had to face on the HitBTC exchange..
According to the trader, she cannot access her account for 3 months, although she provided all the documents in accordance with the requirements of the exchange.
“Her account is still blocked. After submitting her driver’s license, passport, bank statement, utility bills, transaction IDs, and screenshots, she spoke to them on Skype this morning. And here is their answer. Her account has been blocked for 3 months. Apparently HitBTC thinks that when a 65-year-old woman asks her son to help deal with the exchange that stole her money, she is harboring money launderers, ”writes Sicarious.
According to international AML / KYC standards, we need to confirm the identity of the real account holder. Whoever owns the funds acts in accordance with their own trading strategy and makes decisions. Please ask this person to contact us.
Sicarious also said that this attitude towards clients could serve as evidence of the insolvency of HitBTC, and told the exchange that his mother was filing a complaint with the US Commodity Futures Trading Commission..
Sicarious previously reported that he got involved in cryptocurrencies in December 2013. Speaking about his mother’s activity in this market, he noted that she began to show interest in bitcoin when it cost $ 250, and first bought cryptocurrency when its rate reached $ 350. He does not specify what amount was blocked on HitBTC, however, apparently, we are not talking about insignificant money, given the activity that the trader is showing, trying to make this incident public..
Earlier, John McAfee called for a boycott of HitBTC and even said that “it is killing people.”.
“Cryptocurrency exchanges have become what we initially fought against. Their power is limitless. HitBTC, for example, has exacerbated the suffering of millions of poor people who cannot afford the minimum contribution because it exceeds their monthly wages, ”McAfee wrote late last month. “Boycott Them”.
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