Bitcoin Forum

Let's say a person is on vacation and doesn't worry about anything and doesn't read the news. And at this time, the exchange where he keeps Monero is delisting Monero. And time passes, the user visits the exchange - and what happens with his amounts on exchange that was be in Monero?

Why would you even keep your money in an exchange you do not control the private keys? Have you not heard about the popular phrase "not your keys, not your coins"? It is always safer to keep your money in a private wallet which you control the private keys to avoid cases like this.

For whatever reason you have your money in a centralized exchange before going for vacation, a lot of factors will determine your fate such as the reputation of the exchange, their policy and probably the laws of your country. For reputable exchange, they will leave the withdrawal for as long as necessary but will not accept deposits and trading and in some cases, they will convert all your assets to stablecoin after a given period of time. But scamming exchanges, your money will be lost. 

Op move this thread to altcoin discussion or @Mitchell will move it!

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Basically it’s not even supposed to happen as holding monero coin means you value privacy, personally monero is not supposed to be held in an exchange wether centralized or decentralized, you’re supposed to hold your coins to a personal wallet as it’s a coin that represents privacy.

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BTW, I understand what you’re tryna say, if that happens some exchanges do the honor or respects you to an extent that they give a grace period to withdraw the delisting coin but if you didn’t some exchanges do automatically converts it to a stable coin for you (rare) either USDT,USDC or any other Stablecoin or their choices but if it doesn’t happen this way then you loss your coins or money.

1. This belongs to altcoin discussion
2. As said, cryptocurrencies are meant for self custody, not for keeping them in others' pockets (i.e. exchanges)
3. A proper exchange will announce a delisting quite some time before it happens, then will delist i.e. will not allow deposits and trades and after quite some more time will also stop withdrawals. All this takes time, usually months, meaning more time than a non-millionaire's holiday.

So this person's problems are:
- no self custody
- being too lazy to check his assets for months
If so.. bad combination and bad luck.

I know a lot of users on Poloniex are unhappy with how their money is lost and they cannot trade or withdraw because the cryptocurrency is delisted. And the times between delisting and warning of delisting are relatively short, as users claim, so it all seems like on purpose. I heard many people threatening legal action because of this but I have not yet heard of a single court win or that they got their crypto out of the exchange. In fact, many of them say that support is either ignoring them or giving them unhelpful answers.

So I guess if an exchange delists a crypto, and you do not get it out in time, then you will not get it back.

A top privacy coin like Monero held in a centralized exchange? What's the need of buying and holding it there, if I may ask? It's not as if it's some kind of altcoin that can easily be moved by demand, which they can say is in an open order that made the holder leave it in an exchange.

Let's assume someone is as dumb as to leave their XMR in an exchange and it gets delisted. The person is only left with two options: either they contact the exchange and their coins are manually sent to them, or they consider it lost forever. It's as simple as that.

answer found

found an old exchange account, where all monero was converted to stablecoins