Bitcoin Forum

Hi.
Beware! They can block your account at any time without any reasons!

I was using Tradesatoshi for trading on one single coin pair for about 3-4 months. To be honest, my real trades were months ago. And last 2 months i had only orders for sale, because the price fall and i was waiting for the devs to launch MNs. So all i did - was checking from time to time the price on the trading pair.
And two days ago, i have logged into my account and got the message:


All trading actions, balance, withdrawals were blocked. Even the link to the support from inside account! lol
I logged off the account and wrote the support request about this situation. Got a standard reply:

I replied them by mail and asked to provide the evidence of  fraudulent activity or suspicious transactions, or to return my balance. After that my mail address was blocked in their support service - was trying to send another support request and got this:
https://i.imgur.com/eZV1bAi.png
Tried with another mail address - the support request passed through! lol

KYC was not mandatory when i was creating my account months ago. If it was mandatory i wouldn't start trading there, cause i don't want to provide my personal data to every third-rate exchange.

Moreover, if you have registered previously with a not real name: Crypto Johnny, for example - you won't be able to edit it in your profile (fields are locked: https://i.imgur.com/djgfu8O.png), so even if you will provide KYC-info it won't match with your account. So they can still deny you because: "Your Account must be match with that Id" (see above).


Tradesatoshi is a typical third-rate exchange with unknown staff behind it and questionable origin (dissolved in UK). Giving them your ID info just to trade one shitcoin to another or to btc at best (cause they don't have fiat) is not smart.

So, you see now, that you can lose access to your funds at any time.
I'm posting all this to let users withdraw their funds prior blocking and not to end up hostages of the situation. But to decide freely whether they want to pass a KYC-check or not!
Wish you luck and good trades!

update: All this thing with the problems while creating support tickets happened due to the blatant lack of professionalism of the Tradesatoshi-staff, which along with the trading tools have blocked for users the ability to create support tickets from inside their accounts:
https://i.imgur.com/VpPP5Cr.png

update: check this, peeps, it's a mass blocking of accounts: https://bitcointalk.org/index.php?topic=5118992.msg50219603#msg50219603

update: How does look the exchange, which is suddenly rising the BTC withdrawal fee to the insane amount - 400 000 sat? Yes, it is Traidsatoshi. Just prior to the KYC-check. Binance takes 50K sat, Traidsatoshi - 400K, lol. Did they want to force users leave more BTC on their balances to the time when KYC started? The more BTC on the frozen balance - the greater the incentive for users to accept the KYC. Or just greediness? https://bitcointalk.org/index.php?topic=5118992.msg50245384#msg50245384

update: Traidsatoshi got scared and changed the fees, trying to calm users.  Use it, may be it won't last long.

update: Traidsatoshi had never intended to make and had not made any notifications prior KYC-check started:  https://bitcointalk.org/index.php?topic=5118992.msg50312332#msg50312332

update Just one very illustrative dialog from Traidsatoshi discord-channel, which shows what problems users have now, and the lies of tradesatoshi staff. Read it:
https://i.imgur.com/JIc3UnX.png

update: Another scam-technic from Tradesatoshi! https://bitcointalk.org/index.php?topic=5118992.msg50347951#msg50347951

update: New Tradesatoshi "low withdrawal fees" for BTC are working amazing:
https://i.imgur.com/sDb6zkR.png
https://i.imgur.com/EV5DAya.png
https://i.imgur.com/LGSpzGK.png

https://i.imgur.com/5nBfWVt.png
Be ready to pay more, than before, lol!

update: A very good point:


 

Why you choose to use that, anyway? I mean we have tons of good sites but you still chose that. Honestly, I didn't even dare to use that site since my friend warned me and even my token got listed there, I just wait for another site than to deal with it.

Btw, what happened on the other mail that you use? Do they respond?

This is really quite strange, I've always seen tradesatoshi as one of those small exchanges where you could do anonymous sends and withdrawals. With the amount of shitcoins there it's really a surprise that they are suddenly asking members to do KYC, and after all, the funds are yours. They shouldn't accept it in the first place.

And from their email, it looks like they consider themselves a financial institution now?

You're right, there are many quality exchanges. But there was coin, which had chosen this exchange as first for listing, so i was trading with this coin there.
Seems, they even unblocked my main e-mail or fixed their error, so i was able to send a support request, but got just a standard answer:


Looks like, i will loose all the amount of the coin i was trading with. Bad experience for me, but good chance not to repeat it for us all.

Yeah, seems so)

One guy pointed me at this: https://beta.companieshouse.gov.uk/company/09878766
I'm not sure whether it means something, so i'll just leave it here.
https://i.imgur.com/NVSVUcC.png

This is the reason why I don't really leave my tokens pending or hanging on an exchange for a long time because
of these kind of scenarios which anytime they can really make such changes on an instant or if they do wanted to.
They can make alibis or reasons for you to comply KYC thing.It sucks when you are in the situation which you don't have any
choice since those token of yours are hanging there.

So, true. Very unpleasant situation, when you can't do anything to get back your funds.

So many exchanges started to force implement KYC it seems. What a bad day for their users.

They should at least allows withdrawal for people who use and register before this KYC check is implemented.

Thanks for posting this, you are right you can trade here even if your account is not verified, but now that they started asking KYC even to those trading low amount, it's time to look for a better exchange, I would do KYC only if I'm trading thousands of dollars I only do hundreds or even lower.

Sure, it makes sense only for big traders.

Not for big traders but aswell with the small ones since we are dealing with money and we must be careful upon executing some decisions upon dealing with small time exchange.

Small exchanges should not be requiring KYC otherwise no-one will use it. I don't think tradesatoshi has been around for 4 years so that must be a different company that was dissolved

I only made one trade on that exchange that's because they are the only exchange where I can trade my coin this is a small exchange, big traders started as small traders, if they asked KYC right away without traders testing how good and safe their platform is, they will not attract more traders.

Why not? Like if it's already a shitty exchange then it deserves to be disolve. I heard tradesatoshi way back 2017 so 4 years is not that doubtful.

Seems it's legit, I read its filing history and it looks like even before the company has already some problems and on July 24, 2018, the company is dissolved via voluntary strike off.

Hi, friends.

I want to share some amazing answers from Tradesatoshi-support. I think all of you will be glad to know, that they need no evidence of our personal fraudelent activity to start a KYC-checking and to withhold our funds, lol. So here they are:

https://i.imgur.com/X0Mrpen.png

This - "we warn.. in advance" - is totally a lie, btw.

So, actually they have confirmed, that my deposited funds are legal and they are withholding them without any grounds, just because "somebody somewhere had hacked some trading platform", lol

Spread this info to your friends to protect them from this unfair exchange!

Hey, more amusing news. One guy, whose account was locked also, decided to send them his ID. The result was awesome:

https://i.imgur.com/PSeQkxa.png

As i said earlier, if you had not filled in your account details with the real name on the stage of registration, you won't pass the KYC: "Your ID details is different in your Account details". And the fields with name, surname, date of birth are read-only, lol. Bingo: your balance is "legally" stolen! Spread the word, please.

More users are reporting about blocking without reasons at Tradesatoshi:


https://www.reddit.com/r/Tradesatoshi/comments/a44wsx/beware_of_exchange_tradesatoshi/ei81j8p

TradeSatoshi has frozen my account with a large amount of money, and their KYC aka Keep Your Crypto takes FOREVER. There is NO guarantee of getting your funds back. NEVER use this exchange if you like money. I am fuming, and this is totally unacceptable. They must have losses to make back, so they're seizing users funds. This exchange is sketchy and their mods and operators are completely in on it. They are no help if you ask, and they will tell you the "verification team" is working on it, and they will contact you, if you ask any questions at all. But, there is no verification team to contact. There is no information about their "verification team" whatsoever and they will answer NO questions about them. There is no way to contact them and the verification status emails are no-reply. If you have any questions about verification, tough shit. You won't get any. Stay the hell away from this mess.

Yeah, man, i know all this and this really sucks. Be ready, that they can deny you, if your account data differ from your ID.

Seems like a course of action needed once again. Who's with me?

This case looks really shitty, I have not used them and never will. I hope you lost a little bit because you will not return your funds. They will find any reasons to keep your funds until you get bored with the battle with them. I recommend that you start using exchanges without registration that do not store funds.

Oh, peeps, you need to visit their discord-channel. It's amazing: https://discord.gg/p2ewBgF (https://discord.gg/p2ewBgF)
I will share some content here:

https://i.imgur.com/vIFu8ix.png

https://i.imgur.com/7kpzGxh.png

https://i.imgur.com/rSPlTV9.png

https://i.imgur.com/IW6JjjO.png

https://i.imgur.com/513kBW9.png

https://i.imgur.com/Vi1ubka.png

https://i.imgur.com/2llpEbr.png
*

The admin's answers are awesome! All shitcoins are neutralized, the world can sleep peacefully! lol

https://i.imgur.com/MNMhcSg.png

Just, read this:



This is the vivid example: this guy won't be able to pass the KYC, cause his current account data differ from his ID and he is unable to change it. Good bye, funds!

And compare this:

And this:
TradeSatoshi are liars!

I'm trying to inform miners and traders in discord and here. May be we can post at reddit.

Spread the word, people.

Feel free to comment
https://www.reddit.com/r/CryptoCurrencyTrading/comments/b2w8d6/tradesatoshi_accounts_blocking_beware/

Not a word from the "verification team"  >:( >:( >:( >:(

I been in Tradesatoshi since 2015 and i never had a problem.
I am aware that users are getting their accounts locked till they submit KYC documents since the start, and after they submit the documents their accounts became available again.

I am aware that months ago a user "Josmaico" did something wrong with his account, not sure what it was but he must broke the terms and conditions and his account became locked and he was asked to provide KYC documents, why i know this? because i am an active user and i saw on the trollbox how Josmaico accessed the site and start trolling with other usernames, even if Josmaico was doing this Tradesatoshi was good and after Josmaico submited the documents his account became avaible and he started to chat on the trollbox. You can ask anyone on Tradesatoshi trollbox about Josmaico, or even here you can ask and i believe someone should know him.

I have proof that Josmaico even created a post 3 months ago on reddit saying to do not use Tradesatoshi
Here is the link https://www.reddit.com/r/Tradesatoshi/comments/a44wsx/beware_of_exchange_tradesatoshi/

this is what josmaico wrote


Josmaico got his account back and he never went to social media again to tell others that his account was activated again.

I am only saying. If you got your account locked at Tradesatoshi, Bittrex, Binance, Poloniex, ETC. is because you where flagged, sending stolen coins, impersinating another person, using fake name, doing something illegal.

If you have nothing to worry, then you can just submit your documents and wait for your account to get verified, just like Josmaico.

But instead you start to post everywhere using fake accounts that your account got blocked, like that will unblock your account!

So submit the documents if you are clear, of you are hidding something from us? and not telling us why dont you want to submit the KYC documents?

I have my account verified on every exchange i use, i fallow the terms and conditions and i never had a problem.

What i am seen here is a bunch of trolls that want to attack an exchange to create some fud so users withdraw some coins in particular and then benefit from this.

I believe you want to make everybody to move SHND out of Tradesatoshi to Coinexchange and then buy it when is cheap and stake it and sell it, because this is what is just happening since you starting to fud on shitcoin forums.
Look at the volume of SHND, is going down on Tradesatoshi while going up on Coinexchange.
If is not this then what it is?
Why this FUD agains Tradesatoshi?
I seen it before.
Was Bitfinex
Poloniex
Hitbtc
and now Tradesatoshi.

Can you invite me to your telegram pump and dump fud exchange group so i can also benefit from this?

Or is not market manipulation?

When you post here a proof that you submit the documents and Tradesatoshi did not verify your account then i will believe all this crap.

But till then, all here its a lie, some pump and dump thing going on.

That's amazing, guys. We have some very interesting persons here and at reddit.
There are few comments at reddit from three persons, nearely at the same time. Meet them:

https://www.reddit.com/user/chavesito
https://www.reddit.com/user/bitcoinloco
https://www.reddit.com/user/JusticeArrive

They all like or live in, or just very interested in Venezuela and they all are fond of Traidsatoshi:

https://i.imgur.com/kksTBSN.png
https://i.imgur.com/JYZT6fF.png
https://i.imgur.com/CxQYEsF.png

Nothing suspicious, surely ;)

Tradesatoshi was dissolved in UK? Where is it now? Venezuela? ::)

Who us, buddy?  ;D
Most of affected users are hiding their 100$-balances, lol. And this shitty exchange even doesn't have fiat-pairs.

The problem of Traidsatoshi is: They block not only accounts, but legally deposited funds also. All these users above had the first-level verification from Tradesatoshi. So they could trade under 2000 $ limit. So all their deposits were legal. But now they are freezed. How could they become illegal? New mandatory KYC-check can't make them illegal if previuosly they were counted as legal by the Traidsatoshi itself. Why not to return them to the owners - send them back to user? And after this users will freely decide whether they want to trade at Tradesatoshi or not.

Traidsatoshi can ask for mandatory KYC-check, no problems. Most small and medium traders will just leave them.
 
This is a typical third-rate exchange with unknown staff behind it and questionable origin. Giving them your ID info just to trade one shitcoin to another or to btc at best (cause they don't have fiat) is not smart.

I'm posting all this to let users withdraw their funds prior blocking and not to end up hostages of the situation.

ps. And the bullshit about some unknown shitcoin - I'll leave it on your conscience.

Right. But this is an ideal option, it is worth striving for, but in practice it is not always possible to realize it.
More easy for altcoins, but bitcoin fees sometime are too huge to withdraw it from exchange many times.

By the way, the crappy Tradesatoshi have set the fees for BTC withdrawal at 0.004! And seems it had changed just before the KYC-checks started.
Binance has 0.0005 fee for BTC withdrawal vs Tradesatoshi 0.004 fee for BTC.
Binance vs Tradesatoshi, lol. A bit greedy, don't you think so, people?!  ;) Almost by one order of magnitude. And a lot less professional.

Looks like you already hit him in his butt. Anyway, I found his account suspicious, after an almost 2 years from being dead account he suddenly gets active and post here. Seems he intentionally post this to kick your ass and accuse that you're hiding something.
Blatantly, he loves tradesatoshi well, see his post history.

Yeah, good catch. May be another venezuelan guy ). All first comments at the reddit-post were from three venezuelan guys, which are fond of Traidsatoshi: https://www.reddit.com/r/CryptoCurrencyTrading/comments/b2w8d6/tradesatoshi_accounts_blocking_beware/ (https://www.reddit.com/r/CryptoCurrencyTrading/comments/b2w8d6/tradesatoshi_accounts_blocking_beware/)
One of them have even said, that some chat moderators (Traidsatoshi moderators, probably) are venezuelans:
https://i.imgur.com/0abWQnB.png
Dissolved in UK, new owner in Venezuela?  ::)

 Haha, Tradesatoshi has changed their fees after this post (https://bitcointalk.org/index.php?topic=5118992.msg50245384#msg50245384 (https://bitcointalk.org/index.php?topic=5118992.msg50245384#msg50245384)) at BitcoinTalk.

There can be two reasons for this:
1) they specifically increased the withdrawal fees before KYC-check;
2) these fools read our messages and got scared.  ;)

This is funny! But! If you have funds there, use this chance, may be it won't last long!

LoL

Scared of you? why?
Hitbtc have dynamic fees, changes every few hours,
Is not possible that Tradesatoshi uses the same system than Hitbtc and some glitch on their api or something caused the fee to increase?
I don't think so they are reading your posts here, or who you think you are? Mr Vitallik?

Sure it was a glitch, which had last for weeks.  ;) All Tradesatoshi is a big glitch.
https://i.imgur.com/G6tZ0bA.png

At least this information can help other peoples in this forum to avoid from this trading place, as you know we have a lot of trading place/exchange here and we never know each people will use a place for trading because they didn't know before about the exchange. So as this information will help especially for newbies which still have a little understanding toward an exchange.

Thank you. Good point! That's what this is all about.

More and more user's comments and themes appear with complaints on Traidsatoshi last actions:

• Is TradeSatoshi Safe? Anyone Used It? (http://ttps://bitcointalk.org/index.php?topic=1997270.0)
• Tradesatoshi.com - CryptoCurrency Exchange (https://bitcointalk.org/index.php?topic=1691388.msg50279709#msg50279709)
• Tradesatoshi.com - CryptoCurrency Exchange (https://bitcointalk.org/index.php?topic=1691388.msg50265530#msg50265530)
• Tradesatoshi.com SCAM (https://bitcointalk.org/index.php?topic=2890191.0)
• TradeSatoshi locking out users to steal funds? (https://bitcointalk.org/index.php?topic=5121465.0)

Traidsatoshi staff is spamming their own theme  Tradesatoshi.com - CryptoCurrency Exchange (https://bitcointalk.org/index.php?topic=1691388.msg50279709#msg50279709) with idiotic pictures to hide the comments with users complaints! I hope moderators will remove it, but if not - these attempts look very pathetic anyway, lol.

Tradesatoshi Ltd is incorporated in Hong Kong according to its terms:

https://i.imgur.com/UGEEBun.png

https://tradesatoshi.com/Home/Terms

It is currently a registered company in Hong Kong according to the register.

https://i.imgur.com/k7Y6t3K.png

https://www.icris.cr.gov.hk/csci/

I'm not sure where it was incorporated prior to this. It is likely that it moved its operation to Hong Kong prior to its de-registration in the UK.

Good catch! So, for some reasons (new owner, lawsuits, etc.) Tradesatoshi was forced to change the registration to the asian region.

Tradesatoshi has so much unexplainable love from Venezuelans. This guy is posting spam to hide all users complaints in tradesatoshi thread (https://bitcointalk.org/index.php?topic=1691388.440):
https://i.imgur.com/czBaVUH.png
And his nickname sends us to:

And previously there were these venezuelan guys: https://bitcointalk.org/index.php?topic=5118992.msg50238044#msg50238044

Dissolved in UK, newly registered in Hong Kong, and so much staff from Venezuela - that can possibly point to the real owner.

https://i.redd.it/6vp1bblk0fn21.png

Interesting bit of information

Tradesatoshi are scammers. Oh well...

Briefly some facts about Traidsatoshi (read more here (https://bitcointalk.org/index.php?topic=5118992):)

1. Raised BTC withdrawal fee to insane 400K sat.
https://i.imgur.com/CL85iQp.png
https://i.imgur.com/G6tZ0bA.png

2. Started KYC checks (Did they want to force users leave more BTC on their balances to the time when KYC started? The more BTC on the frozen balance - the greater the incentive for users to accept the KYC or more funds will be freezed, if the KYC-check will be failed)

3. Some users refused to send KYC-info to the unknown exchange with a doubtful origin.

4. Some failed to complete it, because they had different data in their profile and their IDs. (they also couldn't change their data in profile - fields are read-only).
https://i.imgur.com/0xHsSk1.png
https://i.imgur.com/PSeQkxa.png

5. So these funds will stay frozen, and some day these accounts will be closed and funds will go to the exchange. Bingo!
https://3.bp.blogspot.com/-Ra5afQirv0M/VV0BqAPXdEI/AAAAAAAAAPM/iIVCIXvbzPY/s110-p-k/robbary-cartoon.gif

6. Traidsatoshi staff interacted with affected and dissenting users by banning them in discord and twitter, and posting stupid pictures in their own topic (https://bitcointalk.org/index.php?topic=1691388.msg50280042#msg50280042).

7. After many users complaints Traidsatoshi lowered the BTC fees to attract users, cause their trading volume is incredibly low - only 11 BTC!!! It is the 190 place from overall 2 hundreds at coinmarketcap.
https://i.imgur.com/VtejjX5.png https://i.imgur.com/tOnS3LR.png
8. Seems, a new cycle of depriving users of their funds has started. Is that what you want?

They are trying to hide the truth under stupid flame in their own topic (https://bitcointalk.org/index.php?topic=1691388.msg50280042#msg50280042), but this won't help. Tradesatoshi is an unreliable exchange for trading and listing your coins. Beware of it.

I am adding these Tradesatoshi scammers to my Scam Alert signature

Thank you, sir! Right decision.

Nice move this is good for people's awareness, this should be stopped, there are still good exchange out there, I only trade once in tradesatoshi and I notice the exchange lack activity, I just knew they will do a scam exit because they are being beaten by the competition.

Thank you for your kind words. As you mentioned the purpose of highlighting these scammers is to simply inform newbies and gullible members of the community to keep away from them.

I am glad you noticed the lack of activity was alarming when you made your sole trade on Tradesatoshi and had the feeling they would exit scam at some point. That for me is still the inevitable outcome but first they will probably selective scam customer just as they have done to the OP.

I am not looking too deeply at their alleged motives for closure of the UK company and registering it in Hong Kong or anything else, it is just the selective scamming they are doing which is akin to what CHANGELLY, CHANGENOW & ATOMIC SWAP along with FLYP.ME, HOLY TRANSACTION and ROCK TRADING are doing (as mentioned in my Scam Alert signature)

Yeah, seems they are going to exit scam some day. They lost the competition. Users don't want to trade on this exchange because it is not safe. And as a result their trading volume is very low and keeps falling:
https://i.imgur.com/UzXSolY.png

Great trend:
https://i.imgur.com/roerBwK.png https://i.imgur.com/z5JKvBx.png

Some very good comments from tradesatoshi-topic:
https://i.imgur.com/8w0Wizl.png
https://i.imgur.com/EmdskJZ.png

The level of comminication in tradesatoshi-topic  (https://bitcointalk.org/index.php?topic=1691388.460) from tradesatoshi-staff or just tradesatoshi-lovers is "amazing"! They are making great job to bring more "popularity" to this scam-exchange.

These scammers must have made a lot of money from their selective scammer techniques. Not all of those getting scammed come here and open a Scam thread so we will never know exact numbers but since the OP has brought this matter to the attention of the community we all need to relay the message so gullible people and newbies stay away from the Tradesatoshi scam.

Another dialog from discord which clearly shows us, that Traidsatoshi had never intended to make and had not made any notifications prior KYC-check started.
They just had blocked and freezed legal funds. And the do not intend to return them to the owners!

Pay attention at messages of user "phael". He is in a special group at Tradesatoshi-discord - satoshians, so he is not a "first day"- user, we can rely on his words.
https://i.imgur.com/oiVW6OT.png

https://i.imgur.com/vh8oVY2.png

This volume is not real. Bot buys the same amount all the time. Look at the transaction history.

I know I asked you for screenshots earlier -- you posted a good deal of evidence in this thread. I'm going to give them one chance to explain themselves before issuing a red tag... Its the only thing we can do to discourage others from depositing on their site. As far as getting your money back is concerned -- there isn't a whole lot to be done, unfortunately  :-\

Well the red trust will go a long way to keeping those familiar with crypto to keep away from them and it will give advise gullible people and newbies to find another exchange.

I already added them to my scam alert signature but am giving them just a little more time to get back to the OP with a satisfactory reply otherwise red trust will be added too and not removed.

In this case their volume is even more ridiculous.

Thanks again.
I'm not worried a lot about money - not that much was lost. I was more stunned by the insolence with which the exchange pulled off this scam. So if we can keep as many users away from these fraudsters as possible, it will fully compensate me for my losses.

What are the Bitcointalk usernames for Tradesatoshi? Time to leave red trust for them

This one was active long ago:
https://bitcointalk.org/index.php?action=profile;u=902367

This one is currently active in their topic, he posts news:
https://bitcointalk.org/index.php?action=profile;u=2326516

This one is a troll,which actively spams in Tradesatoshi-topic to hide all the complaints; has a signature "tradesatoshi", but I guess not from the staff.
His bolivarcoin is traded on Tradesatoshi at 99% from overall trading volume - 40$ )
https://bitcointalk.org/index.php?action=profile;u=543083

Thank you.

As soon as others leave red trust for the Tradesatoshi users involved I will add my own red trust too

Traidsatoshi trolls continue to spam their own topic to hide all reasonable posts and complaints:
https://bitcointalk.org/index.php?topic=1691388.500

https://i.imgur.com/sPFqIRq.png

It appears that the majority of the issues stem from people using either fake, altered or erroneous identities when registering.

This is in breach of their terms and conditions which specifically state (these are their old terms and conditions from when people signed up).

https://i.imgur.com/QXgS2D0.png

https://web.archive.org/web/20170714045125/http://www.tradesatoshi.com/Home/Terms  (2016-2017 terms)


While is sympathize with people in this predicament it is a common thing people tend to do when they try to use a website using a false identity. (Give partially inaccurate or completely inaccurate identity).

I would recommend spending some $ and finding out the registered address of the exchange and sending a letter explaining the situation and providing written proof of identity. (Or if there are a lot of funds - change you name by deed poll if you gave a fake one)

It is possible that they checked the identity on a database and found no match. A lot of exchanges are forced by law to start KYC. Even some of the decentralized exchanges are on the radar of law enforcement.

https://www.eff.org/deeplinks/2019/02/secs-action-against-decentralized-exchange-raises-constitutional-questions

https://bravenewcoin.com/insights/sec-enforcement-threat-driving-kyc-aml-implementation-at-decentralized

I haven't personally used Tradesatoshi for more than a year so I can't comment on whether much has changed.

The issue you're talking about is: User agreed to pass the KYC-check, but the personal information, provided by him earlier was innacurate, so he can't complete it. This is only one aspect of this story.

But this is not the case, i'm talking about.
From one side, the exchange can ask for a mandatory KYC-check (normally with a notification in advance, which was not done by Traidsatoshi).
From the other side, user can deny to pass it. In that case he won't be able to trade anymore - this is ok. But, all the funds he had before KYC were deposited or traded by him under the Level 1 verification from Tradesatoshi, so they are all legal. So all this funds must be returned to the owner. By now the affected Tradesatoshi users are denied the right to withdraw their funds, which is totally unacceptable!

Ultimately if you have used their platform - you agreed to the terms. By registering with a false or incorrect name or details you committed a fraudulent act or made a serious error when entering a contract.

Usually people don't need to "change their name details" unless they gave false details.

It is something you will need to sort out through their support ticket system. Ultimately though it comes down to a user error. (Deliberate or not)

The only way to check whether someone gave false details is to ask them to verify their identity which appears what they have done and appears consistent with their terms.

People will have opposing views on this but registering (entering into a contract) with a false name (alias) is a crime in some jurisdictions.

Take in mind, all the users had Level 1 verification from the exchange. So exchange approved their right to trade earlier.
At my request to provide any facts of fraudulent activity, the staff confirmed that this is a general check.
Also how can TS-staff know in advance whether the data is right or wrong before the KYC-check? It's a vicious circle, we're coming to.

I remember when I signed up for Poloniex in 2014 I gave them a fake name, because I didn't necessarily trust them, as most people didn't. Then when their Circle acquisition came and they insisted everyone do KYC, I said screw that, because where I lived didn't even allow bitcoin exchanges and Poloniex would have certainly taken that into consideration. Poloniex also gave me the option of changing my customer name, which Trade Satoshi does not. They let me withdraw my coins, and I moved on. This is the standard I'm used to... It seems to me when an exchange uses KYC as an excuse to with-hold customer coins, something fishy is going on. BiteBTC has been engaging in the same behavior.

Then as was pointed out, some people performed the KYC to the best of their ability and were still denied access to their funds. I strongly believe Trade Satoshi recently turned to the darkside as they've racked up a huge number of complaints on social media as of late. They've always had their share of unhappy customers, but now they have way more than their share.

An excellent post. Thank you.

That is the precise reason I added Tradesatoshi to my scam alert signature.

They are by all intent and purposes using KYC as an excuse to seize funds. Those that do not comply are frozen out and many those that do comply with their KYC are also being given the run-around or point blank refused access. They have all the hallmarks of selective scamming.

Regardless of what opinions people may have of Poloniex, when they added their forced KYC policy at least they allowed users the option to change their aliases to their real names then comply with KYC and for those that did not want to do it they allowed them to withdraw - simple.

I will take a closer look at BiteBTC and if they have also decided to go rogue then I will add them to my scam alert signature as well as leave red trust too.

This is where there will be a division in opinion. Crypto is largely developed by those that believe in decentralization and anonymity.  On the other hand it cannot be dismissed that by using a fake or erroneous name the contract made is either fraudulent or contains a serous error. (And therefore in breach of their terms and conditions or a crime).

Because value is involved it could be argued that it is fraudulent activity to obtain a financial advantage and in breach of AML laws.

It is a bit of a catch 22 situation. You signed up with Poloniex using a fake name because you didn't necessarily trust them but used their services contrary to their terms and conditions. Thus proving that they can't trust you because you deliberately lied.

I don't intend to attack you personally or hold it against you but am just using it as an example.

Legally it could be argued that a user using a fake name is fraudulently using the platform contrary to their terms and conditions.  It is good that Poloniex recognized it as an issue and was sensible with the solution they offered.  However - others may go down a different path and report it to the authorities in the jurisdiction that they are in.
Allowing a user to change their name on the platform potentially could cause liability for the platform if it is done by a hacker that then drains the funds of a user. Phishing was less of an issue years ago. Currently phishing and compromised user accounts are a huge threat.

The reality is that this situation would not have occurred if the user had not lied about their personal details. It is the user that committed the legal wrong . (https://web.archive.org/web/20190326224140/https://bitcointalk.org/index.php?topic=5118992.msg50329600)

How to find out whether the user's data are right or wrong? Is the wish to find it out by starting a KYC-check is enough ground to make a decision that funds are illegal and to withhold the funds?

How do you think, what procedural steps have been taken by the exchange to have a reason to call each particular case "criminal" and to block users funds?

By your logic, can Tradesatoshi consider itself both investigation authority and judicial authority? They started mandatory KYC-checks without reasons and blocked users funds without any evidence for uncertain time, simply because they themselves started the KYC-checks. Seems, they don't need any of those authorities to decide what is legal and what is not.

For example, Binance blocks accounts suspected of committing a crime for 3 days. In the absence of official documents on the beginning of the investigation after these 3 days, the blocking is removed.
By the way, many exchanges do not request user data at all until verification is required - only login and password. Binance, which is mentioned above, is one of them. Because there is no sense to ask for such data until KYC.

No offense taken, and I do understand your point. However, asking for KYC after the user has already deposited funds and only when they are attempting to withdraw seems to be an uneven application of what it was intended for. They have no problem accepting funds but then suddenly its a problem when the user wants to make a withdrawal.

Outside of OP, there are dozens of complaints from users who are experiencing the same problem. And the problem doesn't seem to be contained to KYC issues, they seem to be locking people out of their accounts left and right. Even if the issues are related, blocking people from their funds and keeping them works out all too well for themselves. At the very least, people should be warned that they face this risk if they use this exchange, which isn't a common problem among legitimate exchanges.

What would be useful is to find out when Trade Satoshi first started asking for KYC, or when it first appeared on their website in the terms.

Also, the 3 accounts currently bumping their thread all sprang to life after problems started arising for them, around March 10th. They all respond to comments in the same style, by writing _above_ the quoted comment instead of below it. In my experience on the forum maybe 1 out of 20 users does this. I'm thinking they're all owned by the same person, maybe somebody who works for Trade Satoshi.

1. fratoshi  (https://bpip.org/profile.aspx?p=fratoshi)- post gap from 12/19/17 to 3/25/19


2. bolivarcoin  (https://bpip.org/profile.aspx?p=bolivarcoin)- post gap from 4/26/18 to 3/7/19


3. zombieapocalypsecoin  (https://bpip.org/profile.aspx?p=zombieapocalypsecoin)- post gap from 6/10/27 to 3/20/17


Its just bizarre to me.

Some important info!
Thanks to nutildah who have posted it here (https://bitcointalk.org/index.php?topic=1691388.msg50333548#msg50333548)

https://i.imgur.com/zfS2Px1.png https://i.imgur.com/MIa3tiD.png

*ModShin is from TradeSatoshi-team.

What an absolute pathetic bunch of selective scammers Tradesatoshi have become.

The highlighted text in the image makes their intentions clear: "we are implementing KYC to all users in our site, and accounts failure to cooperate will remain frozen"

The low-life scammers think they can 'freeze' accounts at their discretion and then hold funds indefinitely but in simple terms that means that is an excuse to steal funds under the guise of failure to adhere to KYC which incidentally many users would have sent correctly.

Any real bonafide business would give the option to users of either complying to KYC or them being allowed to withdraw their funds and never use Tradesatoshi again, if they wish. It is clear Tradesatoshi are doing it with a view to selective scam their own users just as Rock Trading, Changenow/Changelly, Flyp.me and Holy Transactions have done

I was also robbed of almost 100,000 doge  this was the majority of my account and the majority of my coins stored on exchange.


I have the correct info but do not wish to comply with KYC, does this mean i broke an agreement or don't deserve to withdrawal my coins? their move was a cash grab. plain and simple

Yes, exactly. And no hazy reasoning will not help to blame affected users and justify the scammers from Tradesatoshi.

Look who else writes their reply above the quoted comment:


I mean, am I crazy, or does it appear that all these accounts are owned by the same person?

No, your guess looks reasonable.

Another scam-technic from Tradesatoshi!

Delist a coin and set the withdrawal fee high enough to make withdrawals impossible for some users. So, they will not be able to trade, they will not be able to withdraw. What will they be able to do? Leave coins to exchange, i guess ))
From the other side, exchange  will receive a good fee from those users, who are forced to withdraw coins due to the delisting and have enough balances for this.
Both are good for the exchange.
https://i.imgur.com/uYEwFk2.png

Look at some examples:
https://i.imgur.com/9QSa7Ps.png https://i.imgur.com/cBfrbLK.png

Fees before delisting:

https://i.imgur.com/bjSPNTu.png

https://i.imgur.com/jwRJ17i.png

Fees after announcement of delisting:

https://i.imgur.com/UZEoDV0.png (750 coins according to the site service: https://i.imgur.com/KKnnYgb.png)

https://i.imgur.com/WkbD8aJ.png https://i.imgur.com/IzCnTsG.png

50 BTCP are worth almost 400 000 sat. Great fee! The same as it was for BTC not long ago: https://bitcointalk.org/index.php?topic=5118992.msg50245384#msg50245384
Seems, after this complaint fee was lowered to 10 BTCP (according to the site service https://i.imgur.com/mKWMUtI.png). What a generosity, lol
For comparison - the BTCP withdrawal fee at Tradeogre-exchange is....0.01.
https://i.imgur.com/3pn5DH4.png

More connections:

https://i.imgur.com/gwnCut1.png

Pretty sure its now safe to say bolivarcoin is part of their staff.

Still waiting for the OP to give appropriate feedback and trust to the users in the links.

Once done, I will do the same and hopefully others too.

Added for first two. The last doesn't have a link to the Tradesatoshi site in profile, doubt if admin here will consider him as tradesatoshi staff.

Seem, so. May be bolivarcoin is all traidsatoshi staff here )

Done too. Hopefully others will follow

Oh, how do you like the looks of this, 3 of the most vocal accounts defending Trade Satoshi all "woke up" recently to ridicule people who got locked out of their exchange. They also all reply to comments by typing above the quoted text, which as I mentioned early, almost nobody does... What a weird coincidence:

https://i.imgur.com/alHl9g9.png

https://i.imgur.com/9gSqL8e.png

https://i.imgur.com/pTsT3SU.png

I'm almost certain they are all operated by the trade-sa-to-shi (https://bitcointalk.org/index.php?action=profile;u=902367) account.

A bunch of fake accounts, used just to sweep all complaints in their topic under the carpet, starting an idiotic flame each time.

with the fact that "TS"...imho =TRUE SHIT
 
they have started from March 24 2019 dropping their withdrawal fee to     0.25 sat/WU - 1 sat/B
 this is creating a huge gain in the mempool of unconfirmed transactions
 plus they are double spending the unconfirmed transactions so while everyone waits, they will be sitting and regaining the funds as the transactions never get confirmed and dropped by the network
 all unconfirmed and dropped transactions return the amounts back to the original holder.... TS
but ....
alas....
 there is a way to screw them in part.....
by retransmitting the transaction that is unconfirmed
 it will not let the transaction die and will hold accountable the originating senders.
to do this there are many transaction accelerators for free.
a few of them even have issues simply because the fee is way too low but a few of the free accelerators will send and retransmit the trxid and keep alive in mempool
so if everyone would start doing this like 2 times a day they would eventually run out of available cash and chock on their own behalf

https://bitaccelerate.com/ (https://bitaccelerate.com/)      Works GREAT

https://freebtcaccelerator.com/#tools (https://freebtcaccelerator.com/#tools)       works

https://pool.viabtc.com/tools/txaccelerator/ (https://pool.viabtc.com/tools/txaccelerator/)      has issues at times with low fee





i would love to see them chock on their own tainted practices

This is interesting... can you give us some transactions or addresses where this happened?

I did see the screenshot where they were using a 1 sat/byte fee, and that transaction was confirmed (https://www.blockchain.com/btc/tx/4af0eb2b3cf12f9d53888fc5cc3d437e154e1e27ae2634d76f989d0c6fb52f01). However, this next transaction was broadcast 2.5 days ago and is still unconfirmed (https://www.blockchain.com/btc/tx/16c10087aee263de19fbd214b24b91099286d6cff4eef463802471ce76f6fa46). If it gets replaced by another transaction then we'll know you are on to something.

here is a quick one.... following it shows a huge chain effect of the same thing



https://www.blockchain.com/btc/address/1GY6yXKstDafvo7hF5XW1WTeLA6x3ASzcT (https://www.blockchain.com/btc/address/1GY6yXKstDafvo7hF5XW1WTeLA6x3ASzcT)
https://www.blockchain.com/btc/address/1A5FjoJzYpY674bZtENAg4Sy5ae7MGrEMr (https://www.blockchain.com/btc/address/1A5FjoJzYpY674bZtENAg4Sy5ae7MGrEMr)
https://www.blockchain.com/btc/address/1NZKHPQqQn7NCgTE9tdHGQ4sH5fsPFBsDN (https://www.blockchain.com/btc/address/1NZKHPQqQn7NCgTE9tdHGQ4sH5fsPFBsDN)
https://www.blockchain.com/btc/address/1SZehXphFAQ4wfJxujBT1zuLQznJhXDEJ (https://www.blockchain.com/btc/address/1SZehXphFAQ4wfJxujBT1zuLQznJhXDEJ)


at the moment it wont get confirmed or get dropped from the blockchain... i am keeping it alive and blocking all the chain effect keeping it in the mempool so they will eventually  run out of steam
if everyone would do this.... eventually they would have to start refunding the empty walletid in hopes for confirmation so they could find some available funds.

It is enough to read reviews about this exchange: Tradesatoshi have the worst possible rating in terms of cryptocurrency asset security.

Yes, this is true. They are getting more and more "amazing" reviews.
So many, that Tradesatoshi is afraid that all this scam is coming out, so the moderators ask users not to publish any responses of support and even the numbers of tickets in public places, like discord.
https://i.imgur.com/1XN7Vxc.png

They don't want us to have that kind of evidence.
https://i.imgur.com/zfS2Px1.png https://i.imgur.com/WkbD8aJ.png

It is extremely bad practice to disclose personal information on public places like discord.

It is very easy for a scammer to imitate admin and mod usernames .

Publishing your details in a public place allows scammers and phishers to target users.

For instance:

If you publish your ticket number and details - it can be used on the site to potentially "recover" an account.

A scammer can also use the details they read elsewhere to imitate exchange staff.

For this reason most exchanges will only deal with support tickets submitted through their site. It is an industry wide practice.

Read this thread too


https://bitcointalk.org/index.php?topic=1691388.540 (https://bitcointalk.org/index.php?topic=1691388.540)

TRADESATOSHI is a total scam

Thank you for the response, but these are all obvious general statements. And they do not take into account the situation.

None of the users posted important personal data there, except for some very slippery support responses.
After that the moderators became very concerned about the safety of personal information.

Above there are two support responses, and it's totally clear, that you won't be able to recover any of mentioned accounts, using only them.

And this is why users are forced to seek help in discord/bitcointalk/etc.:
https://i.imgur.com/8wNFD2j.png

How do you know that they didn't delete the info that they were referring to ?

I haven't traded on Tradesatoshi for more than a year but when I had a look at the conversation on discord that the screenshot is from it looked like some of the conversation had been deleted.

https://i.imgur.com/DPHdHxg.png

The main problems with this exchange have to do with the fact that they are not accountable to anybody for anything. They aren't a registered business, they don't have any sort of licensing, and nobody knows where the owners or operators are located.

They started demanding KYC from all users after their company was dissolved, which is beyond weird. If they're not a real company, why do they need KYC? They aren't reporting to any government, they're not paying taxes; they're just a rogue operation who depend on either the loyalty of their user base (rapidly dissipating) or the naivete of new users to keep them going.

TradeSatoshi is down to $46k in trading volume per 24 hours; at a 0.1% fee this means they are only making $46 per day on trading fees. As huge withdrawal fees wasn't working in their favor, I believe they had to resort to the sudden KYC-for-everybody manuver as means to generate additional revenue. Plus, as I mentioned before, reputable exchanges don't use this as an excuse to with-hold customer funds and block them out of their accounts, even if it says they could according to their terms and conditions.

Its just bad business all the way around and potential users need to be warned about their practices.

No doubts, they can delete everything they want: even user's complaints - i saw this in real, but this was too fast to make a screenshot.
Just one example from one coin-community:
https://i.imgur.com/6Wk0Kc0.png

You can consider it only a concern for the safety of information, while i can see their reluctance to make public some of the support responses - no problems. Both can be true to some extent. This is a secondary issue and i'm not going to turn it into the flame anymore.

While users can publish such evidences of fraudulent activity, it's ok:
https://bitcointalk.org/index.php?topic=5118992.msg50333915#msg50333915 (https://bitcointalk.org/index.php?topic=5118992.msg50333915#msg50333915)
https://bitcointalk.org/index.php?topic=5118992.msg50347951#msg50347951 (https://bitcointalk.org/index.php?topic=5118992.msg50347951#msg50347951)

Are you still wondering, how this transaction was confirmed? I have an answer for you: user have simply spent his own money to confirm it.
https://i.imgur.com/5nBfWVt.png
So this is how Tradesatoshi new "low withdrawal fees" are working. Amazing, isn't it?


Thanks, nutildah. I think this deserves to be written in bold. I'll also add this to the first message in the topic:

They are actually legally registered in Hong Kong. I posted a search I had done earlier in the thread after someone posted that they were struck off on the UK register.

They were already registered in HK before they were struck off. So it appears to be a deliberate move to a new jurisdiction.


Coinmarketcap shows a turnover of  $91k
https://coinmarketcap.com/exchanges/trade-satoshi/

With a buy 0.1% and sell 0.1% fee that would make $182 daily in fees
But they also charge for listing coins, tipping slots and airdrops.

Earlier we saw the statement from you that the affected users most likely committed a crime, having specified inaccurate data in a profile. And that gives the right to the exchange to freeze their funds under the pretext of mandatory KYC-check.
The absence of any procedural actions on the part of the exchange to legalize its decision to freeze users' funds and make a statement about the criminal actions of the user legitimate, apparently regarded as the norm: let second-rate exchanges, like Binance, take care of providing official documents on the beginning of the investigation, without which they can freeze the funds for no more than 3 days. Tradesatoshi is in another league.
I have mentioned all this before:


In reality, as it turned out, the exchange plans to apply KYC to all users and in case of refusal to cooperate all their funds will be frozen. And the correctness of the data in profile does not affect this decision.

https://i.imgur.com/zfS2Px1.png

In addition to such a blatantly illegal freezing of users ' funds, the exchange is actively engaged in delisting coins on terms that clearly put users at a disadvantage and allow the exchange to raise extra money from them, which is clearly shown here: https://bitcointalk.org/index.php?topic=5118992.msg50347951#msg50347951

You are making more and more general statements, which have no relationship  or very distant  to the situation. The facts show that Tradesatoshi is experiencing financial difficulties due to the lack of professionalism of its team and solves them by scamming its own users. Should  this "incredible" volume of the exchange, which you mentioned and which is allowing it to take 175th place out of ~200 on the CMC, be regarded as a call to all affected users to understand and forgive, as Tradesatoshi was able to deploy a negative trend and no longer needs to apply fraudulent technics to its users in order to get some money? Are trying to save appearances?

Binance actually has a troubling ownership. It's legal status (or lack of), location of offices in unknown and volume traded potentially (centralized volume) could result in another QuadrigaCX or MTGox style disaster of Mt Gox proportion.

https://www.theblockcrypto.com/2018/11/16/fast-footwork-binance-has-danced-around-regulations-and-even-moved-itself-to-run-its-exchange-the-way-it-wants/

Tradesatoshi is only small and insignificant in size. Some of the coins they list are only listed on their exchange. So while it may be inconvenient for some users it wouldn't result in a big market impact.

Their size also make it unlikely that they could afford to take on a a regulatory body if they determined that they did not meet their AML obligations.

In 2017 Bittrex introduced mandatory KYC resulting in the freezing of many accounts. Some still remain frozen due to being located in embargoed countries.



Usually with financial institutions if false information is provided the authorities have to be notified. The authorities determine what happens to the funds.

I don't know whether this happens or whether Tradesatoshi follows a legal path. What does stand out is what appears to be illegal activity by the examples that were mentioned in this thread.


Like I said earlier. Binance has troubling ownership and jurisdiction. While I appreciate that they appear to have good systems, good customer service and good code - there appears to be no legislative oversight. Sometimes things that appear to be perfect are a Bernie Madoff style ponzie.

Bitfinex / US Tether and Binance both have the ability to cause massive damage to crypto.
https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it


My reply was directed at what nutildah had just said and I included his quote in my reply.

It covered point by point what he had said.  You may not like what I say but time will prove whether it was correct or not.

Exchanges are centralized. Centralized exchanges working in legitimate jurisdictions require KYC (usually if a value threshold is met) . If an exchange doesn't require KYC or does not enforce AML they will be short-lived or in a dubious jurisdiction.

Real decentralized exchanges don't exist yet. They need some serious thought and technology. Until real DEXs exist the SEC and it's international counterparts will litigate and scare exchanges into invoking KYC and AML.

I don't agree that enforcing KYC and AML that is forced onto exchanges by various Govenments amounts to "being a scam".

A money launderer, hacker, someone using false identity or someone from an embargoed country rarely admits that they are such.

Anyone is such category is specifically warned not to use their services in the TOS that I saw - including the right to ask for more information and verification. How do you propose that an exchange ensures that such users don't use their services and don't just set up another fake account if there is no consequence ?

An attempt to present Binance as unreliable exchange through the citation of controversial media content looks very unconvincing. The shift of emphasis from the fact that a respectable exchange, on the example of Binance, in a case of blocking users' funds follow a transparent legal and reasonable procedure, to an irrelevant controversial statement about the danger of this exchange for the market, is not only unconvincing, but also intellectually dishonest.

Reasonings that Tradesatoshi, in contrast to Binance, have no strong impact on the market, so it can only affect and, in a case of scam-actions, harm a small group of its users, I'll just leave to your conscience.
I think there is some difference between the 0.1% accounts for Bittrex, part of which remained blocked due to the embargo, and total KYC-checking of accounts with a lifetime lock in case of refusal to cooperate for Tradesatoshi. Moreover, as I said, it is not the respectability of the exchange that determines the quality and legitimacy of the procedures it follows in relation to its users, but vice versa.

That is, you don't know whether Tradesatoshi is following legal procedure when it is blocking users or not. But without any evidence, in advance, without any KYC-verification, you're ready to accuse users of committing a crime and illegal activities. Please, do not claim that any comments made in discord, and even after the check had started, can serve as proof of someone's guilt.
Moreover, we know perfectly well that all affected users have passed the verification of the first level at the exchange. So, the exchange actually confirmed that these users can legally trade and meet the requirements of the exchange. Until the contrary is proved, the exchange has no right to hold the user's previously deposited funds. Exchange can block an account until the user passes the check - no problems. But to hold the funds, like Tradesatoshi does, for uncertain period without any grounds and without committing legal procedures - the official investigation, for example - is illegal.

As I said, these are just controversial statements, a shift of emphasis, and, like argumentum ad hominem, they are irrelevant.

Your answer only contained a set of statements, so I tried to clarify their meaning in the context of the question under discussion.

There was no such statement here.
Tradesatoshi's attempt to implement KYC:
- was made without any notifications;
- will be applied to all users regardless of the status of information in their profile, which clearly indicates the absence of any other serious reasons for the checking, except the desire of the exchange - this was also confirmed by the exchange staff in support responses;
- the check started with blocking and refusal to return users funds, which were previously recognized by the exchange as legal; there is no a singel evidence that these funds are illegal, so it is clear that this blocking is intended to make users hostages of the situation.
In addition, other clearly fraudulent practices are used by Tradesatoshi: https://bitcointalk.org/index.php?topic=5118992.msg50347951#msg50347951
That's what I call a scam.

I understood your point and I'm not trying to change your mind - in other case this topic will turn into the flame. Users have enough facts outlined here to make their own decision.

You used method Binance uses in dealing with accounts as the "model" they should follow. Binance are not following any legal process. Binance avoids being regulated and creates the processes themselves.


Lets just archive this (https://archive.fo/PKjSz) and revisit my comments in 2 years time and see what has developed and see if Binance is still the poster child you claim it to be.



It is good that users are aware that centralized exchanges can block their funds at whim. That is the potential issue with all centralized exchanges.

The current "decentralized exchanges" are far from "decentralized".

Until real decentralized exchanges exist that cannot be taken down by Governments, have a handful of developers that control it or have legal entities that can be sued the reality of KYC and AML is a risk and seizure of funds is a risk.

Never leave funds on an exchange longer than you have to. If you don't control the keys - you don't control the funds.


You mention both BTCP and COLX in that post.

BTCP was 51% attacked (https://www.cryptoglobe.com/latest/2018/10/hacker-livestreams-51-attack-on-bitcoin-private/) and  COLX appears to have had a fake stake attack. (https://colossusxt.io/2019/02/fake-stake-attack-issues-solved/)

I agree that raising the withdrawal fee just before delisting looks suspect. They probably lost funds on both of them. Exchanges are the usual targets because it is easy to convert to other crypto before the new chain is broadcast.

How much was used to broadcast the transaction on th blockchain ?

It is probably the reason they have gone to mandatory KYC. Attackers use unverified accounts to withdraw the crypto stolen during such an attack.


EDIT: BTCP also has a massive exploit. (https://www.ccn.com/bitcoin-private-denies-fraud-allegations-and-calls-for-halt-to-btcp-trading)

This example was used just to show how a respactable exchange can  follow a transparent legal procedure in case of blocking users' funds.

This is not what this topic was created for. I'm posting all this to let users withdraw their funds prior blocking and not to end up hostages of the situation. But to decide freely whether they want to pass a KYC-check or not!
Along the way, I was glad to reveal some more scam-technics of this exchange.

It's a good point. But it's an ideal behavior, which you probably won't be able to stick to all the time. But we can always keep it in mind.

It's an old story with this attack. I have no info, has Tradesatoshi lost something or not. Even if they had losses, they have no right to compensate them by robbing their own users. It only shows once more that they are ready to improve their financial situation at the expense of their users, not hesitating in choosing the means.
I doubt KYC will stop a professional hacker. Documents for KYC are traded on the black market. Professional staff and constant monitoring of the situation in the cryptosphere is much more useful. This is all idle speculation, offcourse.
As I said, and I repeat, KYC is not a problem, the issue is how the exchange implements it.

Have checked another few delisted coins, many have similar trend (https://bitcointalk.org/index.php?topic=5118992.msg50347951#msg50347951):

https://i.imgur.com/4L0Wx5o.png

https://i.imgur.com/xIJcaqH.png

https://i.imgur.com/YEXeuv8.png

https://i.imgur.com/qTThJoc.png

If someone is wondering, what all these pics are about, feel free to read this https://bitcointalk.org/index.php?topic=5118992.msg50347951#msg50347951

Thank you for pointing this out with screenshots.

Plenty of scammers have certain patterns in common.

Some use newly woken accounts (which are purchased to be used as sock-puppet accounts) are used for posting propaganda to back-up the scammers. They are used because those with some merit, status and age might give a sense of respectability to their views in the threads.

Usually most sock-puppet accounts are posting so much propaganda that they give themselves away.

I'm glad that this is mentioned I totally shut out Tradesatoshi to my list because their reputation is already ruined they might resort to this kind of shilling tradesatoshi, this is an old tactic to deceive people that the site is legit or still legit.

TradeSatoshi has been sending payment for withrawals of  BTC with absolute minimum possible transaction fee. making sure that the transaction goes unconfirmed and better yet they even double spend on those transactions.
they have been sending trxid with  
0.25 sat/WU - 1 sat/B


just one of the proofs of them is here... you can follow the trail and find they have been doing this for almost a week now!



https://www.blockchain.com/btc/address/1APuKMiXr89n5rb9iUKqcrAZ5jiQ6SFmoo (https://www.blockchain.com/btc/address/1APuKMiXr89n5rb9iUKqcrAZ5jiQ6SFmoo)
https://www.blockchain.com/btc/address/1A5FjoJzYpY674bZtENAg4Sy5ae7MGrEMr (https://www.blockchain.com/btc/address/1A5FjoJzYpY674bZtENAg4Sy5ae7MGrEMr)
https://www.blockchain.com/btc/tx/7976eb6ac462d751d7495c64f2c2f5950d80fa662304630d1b6ac28e8356ae9d (https://www.blockchain.com/btc/tx/7976eb6ac462d751d7495c64f2c2f5950d80fa662304630d1b6ac28e8356ae9d)
https://btc.com/7976eb6ac462d751d7495c64f2c2f5950d80fa662304630d1b6ac28e8356ae9d (https://btc.com/7976eb6ac462d751d7495c64f2c2f5950d80fa662304630d1b6ac28e8356ae9d)

https://i.imgur.com/27UxeQc.png

Those scumbags. The best is they lock the field so if you signed up with a different name, they can steal your funds at anytime. Sadly no justice will be done. Just be careful with exchanges. I wish the owners scammer of tradesatoshi all the worst in the world. Karma. I hope he gets his.

Many businesses use sock-puppet accounts to create fake buzz and hype in order to fool the reader in to thinking it might be a genuine business but selective scammers are very cunning.

I am glad you and many others have stopped using Tradesatoshi

Yes unless you want to trust a scam exchange with your passport and KYC documents they will just steal your funds.

They most likely knew what accounts signed up with an alias or variation of their name and email and locked all those accounts so you have no way to get your money out. Even if you give KYC, they will say names don't match exactly.


best response "in order to prevent fraud and scams". Actually it is in order for them to scam and as they see it "legally" defraud accounts there since there new updated terms and conditions say they can do anything....and they are not regulated.


I hope these threads keep as many noobs or crypto enthusiasts away from Tradesatoshi. DO NOT USE IT.



Sender: MODChris Created:

Hi XXXXX,
We apply the KYC procedure when we detect suspicious transactions on a client's account to make sure the funds are safe and that it's not being used for fraudulent activity. It's a common practice for the financial institution.
We may ask for KYC in some cases. For example, if suspicious activity is detected by our risk scoring system, especially after hacks on trading platforms. These measures are taken in order to prevent fraud and scams. Yet we warn our customers in advance about upcoming KYC checks.
We may ask for KYC in some cases to fight financial crime, money laundering and terrorist financing
KYC established because we want to ensure customer’s verification processes and to mitigate fraud, money laundering, scams and financing of terrorism.
KYC rules are designed to prevent the laundering of money and the financing of terrorism.
KYC compliant processes eliminates the concerns of money laundering and terrorism financing
Kind regards,
Mod Chris

Standard Trade Satoshi response to all users (say KYC more in that message ::))


All reasons above are BS. I guess the recently unregulated and once legal but now dissolved UK based business tradesatoshi is now really worried about saving the world.


I suspect users they targeted were holding BTCP (another scam riddled coin but that is another post all together) and they either don't have them or want to steal them...it's easier. Plus they can steal the rest of your coins using KYC as a reason.

(Don't believe me, they locked accounts then delisted BTCP- I see complaints that withdraws on working accounts were 1 BTCP, a day or two later, all of a sudden it costs 50 BTCP to withdraw funds.. that is if they did not lock your account).



STAY AWAY from TRADESATOSHI

OK it looks like I missed this earlier, but I still don't think its good business for an exchange to suddenly impose KYC on everybody and then lock customers out of their accounts for refusing to comply. Every other exchange that has done this:

1. gives the customers the chance to withdrawal their funds, or
2. allows the customers to change the information they entered to match the supporting documents they are uploading

Their terms and conditions are largely plagiarized from another exchange, Bitexlive (https://bitexlive.com/terms), but even after their March 12 update, nowhere does it say anything about KYC or users having their accounts frozen for failing to comply with KYC.

I've been a customer of Bittrex since 2014 and they've never asked for my KYC. I used them as recently as today.

Regardless of their legal status, Binance is the #1 exchange for good reason: they are considered trustworthy and they value the business of their customers. Yes, this could all chance tomorrow, but in this industry the only thing exchanges really have is reputation. Binance has a lot, Trade Satoshi has none.

Even well-regulated exchanges like Gemini or Coinbase could get hacked tomorrow -- its just a risk inherent in the business.

But to screw customers over like Trade Satoshi does by raising withdrawal fees to ridiculous amounts and then mock them for not wanting to comply with suddenly-imposed KYC shows how much respect for them, which is not much.

Not every. See bittrex thread (https://bitcointalk.org/index.php?topic=1954598.0) for example.

Like I said, I've never once had a problem with Bittrex in the 5 years I've been using them. This was OP's last post about Bittrex:

OK, let me clarify. There was no chance to withdraw before KYC. I experienced it the hard way. Have no info about point 2 because I had proper account info.

Well, we're getting pretty far off topic, but they've never asked me for KYC, so I don't know what to tell you.

Outright disrespect for their own customers. In such a busy network, people will not receive their funds or will have to spend extra on transaction acceleration services.
https://i.imgur.com/tdtD9pr.png
https://i.imgur.com/LoetMew.png
As this user did:
https://i.imgur.com/4lkPo7N.png

https://i.imgur.com/5nBfWVt.png

I agree they should have sent withdrawals when there is less traffic in the network, and not when in it's highest or better get the best transaction fee so they will get their funds, I don't know if this is the only exchange that does this, but this is not a good practice.

They're freaks!I've encountered them before!Moderators every one of you stupid bastards!We have to do something!It's time to punish such exchanges and such people!And they are here on the forum?That they silent?They have nothing to say.

Thank you for posting this because it is another very interesting aspect to the manner in which Tradesatoshi conducts its business.

They have the hallmarks and behaviour of a company about to pull an exit scam.... let us see what happens in the coming days.

BEWARE - must avoid Tradesatoshi

They posted this sob story in their official thread. Looks like they are gone. That's about all we can do.


"Spamming with the intention of blackmail"? How does that work? By the way, their posts were being deleted because they kept bumping their thread within a 24 hour period.


Yeah like uploading ID documents to dodgy exchanges.

https://t.me/tradesatoshigroup (https://t.me/tradesatoshigroup)  
Funny, every now and again, some new user finds this SCAM TRADESATOSHI cheerleading telegram group complaining about their lost coins and locked out accounts. DO NOT USE TRADESATOSHI and if you have access to your account...get your coins off now.

Tradesatoshi scam-machine keeps stealing users money:

https://i.imgur.com/zfvTF1k.png

https://i.imgur.com/s6aRUSG.png

https://i.imgur.com/5S6fsQk.png

I suppose this is the best advice any user of tradesatoshi can adhere to.

Take your crypto out of there and move it another exchange or to your desktop before they selective scam you too !

Looks like my warnings about Binance were right....

Any exchange can get hacked but the volume and legal structure of Binance make it risky.

Deposits and withdrawals are currently frozen.

According to Binance they control 350000 BTC and 20% of the BTC trading volume.

I'm not saying Binance is deliberately malicious. I admire what Changpeng Zhao’ has accomplished and I believe his intentions are good. He is super clever and has
done some incredible things.

It is just that centralized trading and lack of independent oversight carries huge risks. Sometimes good intentions can still result in disaster. Crypto works best when it is decentralized. Too much in on location becomes a risk from both hackers and government action.

Even companies with complete legislative oversight can go bust so legislation or licensing is not a guarantee of safeguarding. (e.g Barings Bank)

It comes back to: Keeping funds on any exchange is risky.

I am saying Tradesatoshi is deliberately malicious.
AML as excuse to steal.
Delist as excuse to steal.
And bullshit artist to post excuses on behalf of the Craptopia crime syndicate.

Tradesatoshi is never going to recover negative posts and reviews, after what it has done and is doing to its users Tradesatoshi deserves to be closed down.

Running Defense for 2 fraudulent exchanges for free at the same time?
"Voluntary" Public Comm Officer  ;) 

Sorry to read about your situation. You are right it seems they are selective scamming on a high scale with so many complaints against them piling up.

This is one exchange that everybody should avoid.

I have used trade satoshi twice and spoke with one of their mods once.

I don't use them myself so why would I recommend them to others ? I don't recommend them.

What I have said is something I have said on many exchange threads.

Read the terms. Be familiar with the terms.

Registering under a false name is contract fraud. Do you think it is OK to register under a false name ? If so - please say so.

At the moment I'd be reluctant to have funds on any exchange. In this bear market, with numerous 51% attacks, data breaches and wallets hacked -  exchanges are high risk.

Shitcoin alt exchanges are even more high risk than mainstream ones.

Now this part I agree with. With all these hacks going on and risks of 51% attacks is it worth holding coins on exchanges because of the high risks? I would say do not take risks.

As long as it takes syncing blockchains and as much space as it occupies on your hard drive it might be better to keep your most valuable coins away from exchanges, for now at least.

The only reason to have funds on an exchange is to trade. If you finish trading - remove the funds.

Also check the withdrawal fees before depositing. Some exchanges have horrendous withdrawal fees.

Sometimes it is even worthwhile to exchange your BTC or coins to something like Doge to avoid paying excessive withdrawal fees. I often used Doge for sending between exchanges. The exchange rate is reasonably stable and the withdrawal fee usually quite low.  Most exchanges have a Doge market.

Yes what you say is true but people (investors) are creatures of comfort and they often get complacent. After trading plenty of users leave their funds on the exchange rather then move them off the exchange.

As you said even a simple thing like changing BTC to LTC or another coin such as DOGE to avoid withdrawal fees is something that people do not really think about.

Regardless, the moral of the story is not to leave coins on exchanges, coins should be sent there to trade or to cash in and withdraw FIAT to bank.

Exactly what Tradesatoshi is playing at with regards to freezing accounts is highly questionable for some and highly obvious for others. Very soon they will be another collapsed failed exchange.

I'd like to add my experience with Trade Satoshi.

There has been two communities who have been systematically targeted by Trade Satoshi. ColossusXT and Safex.

First, ColossusXT. This coin was scheduled for delisting on Trade Satoshi. That on it's own isn't unusual. Exchanges delist all the time - albeit TS did not give them any reason as to why.

What's interesting here is that there is solid evidence that the ColossusXT balance on TS was emptied and trasferred to CryptoBridge exchange - they dumped the entire funds.

Full story here: https://medium.com/@colossusxt/tradesatoshi-the-colossusxt-markets-dc14de42f9ea (https://medium.com/@colossusxt/tradesatoshi-the-colossusxt-markets-dc14de42f9ea)

Throught this entire event, the Trade Satoshi twitter account systematically blocked anyone associated with ColossusXT. TS accounts were blocked and frozen on the grounds of KYC. Ususal stuff.

Next, Safex.

Safex is changing blockchains, so the old coin (which was on Trade Satoshi) was scheduled for delisting August 1st. Again, standard practice.

Then suddenly, the delisting was pulled forward to 1st of July. A few community members complained, and then suddenly the TS Twitter account started blocking anyone associated with Safex. Also one of the Mods from the TS Discord started joining Safex related Telegram/Discord channels, and started blocking/freezing exchange accounts.

Further reading: https://www.altcoinbuzz.io/crypto-news/finance-and-funding/tradesatoshi-accused-of-malpractices-regarding-their-exchange-handling/ (https://www.altcoinbuzz.io/crypto-news/finance-and-funding/tradesatoshi-accused-of-malpractices-regarding-their-exchange-handling/)

Then on the 28th, we see a sudden rise in Twitter accounts acting incredibly aggressive against Safex. All accounts were heavily pro Trade Satoshi, anti Safex. All were following or followed by Trade Satoshi. Many of them were Venezuelan accounts (which ties in with some of the other comments in this thread).

I've kept a running record of all the known "sock puppet" accounts: https://docs.google.com/spreadsheets/d/1AJxKA8cv8BdX0Ak24VAObv6gxAzPyJZX1ZIs1eAltYI/ (https://docs.google.com/spreadsheets/d/1AJxKA8cv8BdX0Ak24VAObv6gxAzPyJZX1ZIs1eAltYI/)

Interestingly, all of these accounts are either following or being followed by another exchange that's just popped up called DodgeMarkets.

All accounts are active during the same timezones. All follow the same format, and all accounts follow each other and like each other's comments and posts.

This is all very coordinated.

Hello.

Did anyone have success in getting his name changed?
I requested a name change via their support.
The status of my support ticket has then been changed from "Awaiting Admin" to "High Priority(Urgent)" from their side but without a written answer.
And now, two weeks later, my name has still not been updated in my profile.

Did anyone manage to actually get his name changed on TradeSatoshi?
How long did it take?

I like your username  ;D

https://pbs.twimg.com/media/D9Cz06EXsAABmEp?format=jpg&name=900x900

I would highly recommend that you stop trading with
@TradeSatoshi
 If your account info is even slightly incorrect, you lose everything.

They say: Sorry at the moment we don't cater User's updating their information.



So you cant get your account verified, therefore you cant trade or withdraw your crypto, what a great way to scam people.


If your suffering the same issues, please retweet this and tag @tradesatoshi  

https://twitter.com/notnormalscom/status/1139608432019943426 (https://twitter.com/notnormalscom/status/1139608432019943426)

I can't as I have been blocked for speaking out.

I am not the only one who never got an answer to a ticket.

Tradesatoshis registered office according to the HK companies office (https://www.icris.cr.gov.hk/csci/) (HK$22 which is about US$3 + 1 minute search)


https://i.imgur.com/kXBfhm8.png

https://i.imgur.com/Pwt0Jjg.png

https://i.imgur.com/QcJz4FF.png

https://i.imgur.com/B8DheuW.png

https://i.imgur.com/9cqPSvy.png

https://i.imgur.com/8zPNa4S.png

https://i.imgur.com/FlcvwPA.png


It appears to be the address of a shared office space (business bureau) and mail forwarding service.

20th floor central tower 28 queen's road central hong kong

https://www.bridges.hk/en/

https://i.imgur.com/RzBcSL2.png

Stop posting sheets with images. Just go and check out physical existence of the office (not a building and not an address).

Tradesatoshi continues to Rob its customers while delisting coins:
https://hazelmagazine.blogspot.com/2019/06/exclusive-with-screenshots-tradesatoshi.html

I especially like the last comment:
https://i.imgur.com/TmE8CjH.png
Indeed, no blame to Tradesatoshi-team, they are just clear scammers. What else can we expect from them?!
But what do the developers think about while listing their projects on this exchange? Only about the low entrance fee? And what do the users think about when they send their coins to this cloaca?

You raised an important point about developers launching projects on exchanges such as Tradesatoshi but if they knew Tradesatoshi were scammers they would stay away from them.

Hopefully they will read these types of threads and will look at the warnings.

I hope Tradesatoshi cease to trade very soon so they will not be able to scam more people.

This exchange must be blacklisted by every trader, there are a lot of complaints in various forums about unreasonable blocking of accounts.

Thanks, CMC.

https://coinmarketcap.com/exchanges/trade-satoshi/ (https://coinmarketcap.com/exchanges/trade-satoshi/)
https://i.imgur.com/F3uDSd7.png

excellent...tradesatoshi scammer scum bags. Keep an eye on where these scam artist surface...because it will happen. They will scam on tradesatoshi and then open a new scam exchange.....  coinmarketcap should not even list tradesatoshi as an exchange.

Thanks to users on this forum we can see that Tradesatoshi is a scam and they must never be trusted.

All people with their crypto on that exchange need to withdraw their funds right now before it is too late.

Very true, I have been blocked and looked out and, I feel, in retaliation to my public complaints concerning their actions they delisted insanecoin (INSN). To be fair its not a huge loss lol

A scam is a scam no matter how much they stole. Imagine the amount of money they would make if they scammed a little from all their users?

Tradesatoshi have been exposed as scammers. Anybody holding money on that exchange does so at risk of losing it all because they are thieves.

I advise everybody from this community to avoid Tradesatoshi

my Account lock Same.

I can 100% tell you now that TradeSatoshi is not at that address listed on company house.
For any US people who don't understand company house for a fee of £18 yes only £18 you too can list your "fake" company on there and no one will care..

TradeSatoshi is not a UK company they are not based in the UK nor do they have a office in the UK there servers are not located in the UK either and they have failed to submit ANY tax information as required BY law in the UK..

Also the company was dissolved on 24 Jul 2018 via voluntary strike-off Final meaning they did not keep there records up to date and decided it better to strike the company off.

Another thing I find strange about the is the directors name.  
Francesco ALIBRANDI

a quick google search turns up.  

https://i.imgur.com/O8ovQSI.png

which turns out to be a doctors my thoughts are tradesatoshi is a fake company pushing fake paperwork to company house in order to aid in there "long term fraud"

I wonder if anyone actually know's where TradeSatoshi is based.. office / servers...  Because it's not the UK like they told everyone at the start.



https://beta.companieshouse.gov.uk/officers/ZHXLO4pL8BVkmlyjN2Ug0YAXNAE/appointments

Right now I would be very careful trading on there my guess is if they are locking accounts they will exit scam.

And as always Do Your Own Research!

You are not the only one. They are locking accounts with greater frequency because they are desperate for money.

Everybody that uses them should remove their crypto immediately because they  risk losing their funds.

this is why I never used their site.. always seemed a bit fishy to me

It makes me happy to know you never lost crypto and money at their scam exchange site.

If only more and more people read this thread they will learn that depositing crypto at that exchange will mean eventually losing it at the hands of selective scamming.

Added a flag for trade-sa-to-shi, better late than never, please support: https://bitcointalk.org/index.php?action=trust;u=902367
Regarding tradesatoshi topic (27 pages) now changed to "bye bye" but still active: https://bitcointalk.org/index.php?topic=1691388

I added my support. You are right, better late than never.

I hope more users come along to support the flag because too many users have lost their hard-earned crypto at the hands of these selective scammers.

Exact same problem here.

No prior email warning, everything lost.

Sorry to read about your loss.

Tradesatoshi is a blatant scam. It seems they have a date by which time they want to close their website and they will scam all their users. Until then, they will continue to selective scam users.

Thanks. I started warning the Ravencoin community about their practices. Seems like they are delisting RVN now in retaliation  ::)

I encounter a weird situation with them when trading on their platform. Say a particular coin current rate is 0.00000001 and I try to buy 20000 coins at market rate, it says insufficient fund. Then when I lower the amount of coin i want to buy to 10000 instead, it bought 10000 coins at 0.00000002 and 0.00000003. Is that a norm ?

No... not at all. But you'd need to post some screenshots for us to figure out what's going on. If I were you I'd pull my coins out of there immediately, if you can. They're a pretty scummy exchange.

@ OP

Did you ever get any update with regards to your funds that were frozen by the Tradesatoshi scammers?

It seems like tradesatoshi has completely disabled the withdrawal of funds for all users. A lot of complains in their discord chat.

This is sad if it has happened.
I wish people were more vigilant when it comes to their funds. They would avoid such shit and scam exchanges and instead use much more established and legit exchanges.

It seems they are now using ETH wallet maintenance as an excuse to with-hold funds, in addition to their usual KYC scam. People are pretty pissed on Twitter:

https://twitter.com/TradeSatoshi/status/1197709026995228674
https://twitter.com/TradeSatoshi/status/1187595480655466496

Is interesting to see all those comments on twitter when Tradesatoshi is literary dead, basically no volume, no good coins, no reputation, users left and already taken over by other shitcoin exchanges like:
Unnamed
Bitrake
Altmarkets
Amsterdex, etc

Why did you switch from supporting TradeSatoshi (https://bitcointalk.org/index.php?topic=1691388.msg53034878#msg53034878) and calling people who were complaining about it scammers to now saying it is a scam? There's a 50% chance you are the trade-sa-to-shi (https://bitcointalk.org/index.php?action=profile;u=902367) account, and a higher percentage chance of being all of these accounts:

zyrenth (https://bitcointalk.org/index.php?action=profile;u=2326516)
Bolivarcoin (https://bitcointalk.org/index.php?action=profile;u=543083)
zombieapocalypsecoin (https://bitcointalk.org/index.php?action=profile;u=899356)

all of which were used to deflect TradeSatoshi critics until the amount of complaints became stacked too high and trade-sa-to-shi fled the scene (along with the 3 alts listed above).


Find it and show us, if you didn't delete it already.

You've been following me around for months, commenting in many of the same threads as me, now insisting that you're reformed, or have always been a good guy. But then you went and left a bullshit flag against me (https://bitcointalk.org/index.php?action=trust;flag=933) and supported 4 other bullshit flags (https://bitcointalk.org/index.php?action=trust;u=317618;page=iflags) against me while talking shit about me in various threads. Its obvious you only have 1 goal here and that is to be a pain in my ass.

Sorry I busted your scammy exchange but relentlessly trying to get revenge on me isn't going to undo the fact that your exchange is a scam.

Sorry but you are a pathological sociopath, i even ask you to do peace and be friends but instead you are the one following me around and calling me "fucking retard" "invertebrate" "idiot" and accusing me of owning other accounts, being Tradesatoshi staff and many things more.

If you go back to my message history you will see you are the one attacking me and accusing me everywhere i go.

And it seems like you are losing it, well i tell you something, i am not leaving Bitcointalk never, i will be here forever, every day, until i die, and i don't smoke, i am low in cholesterol, exercise every day and i am in my 20's so i will live for another 70 years for sure.

If you were interested in "peace" you would stop talking shit about me in random threads that you have nothing to do with. Everybody can see what is going on here. You're a disgruntled scammer seeking revenge. But let's ignore that for a moment and try focusing on answering this question:

Why did you turn your back on Trade Satoshi, from supporting it to now saying its a scam?

I just want to know why.

Also, you said you called Trade Satoshi a scam several months back, so prove it.

Oh, that is a serious accusation, of calling me a scammer, when i have not traded any money with anyone here.

I am sure you or anyone can see my posts in my history and decide by themselves if i am a scammer or not.

I never supported Tradesatoshi, i came here to bitcointalk because someone keep spamming that link about that tradesatoshi is a scam on a discord channel

If i deserve a negative trust because apparently i am Tradesatoshi staff because you say so then you deserve the the same negative trust for being a bitblender staff and supporting other scams like VIVA-e

You see, the rules of this forums are for everyone for equal.

And why you are asking me all those questions, trying to make me talk?
I am sure you will use my words to continue incriminating me with your lies...  ::)

That's a lie. You, along with 2 other accounts, woke up at the same time specifically to ridicule people complaining about Trade Satoshi. You all post using the same style of writing, on the same subjects, putting your response to a quote above the quoted text. After I called you out on this last item, you switched your style to be like 99.9% of the rest of the forum.




How is this not supporting Trade Satoshi?

The difference between my allegations and yours is mine are backed by evidence. Yours are done purely out of an attempt to get revenge.

BTW, next time you want to open a flag against me, make your own thread about it in Scam Accusations and use that thread as your reference link. That way it can't be deleted because you won't be referencing somebody else's thread.


Really? Where?

Mysteriously some posts have been deleted, i did not delete them, but as i said, you continue to call me Tradesatoshi staff etc.
I don't blame you, you have a condition that needs to be checked by a specialist

A mystery indeed. You get a message every time a moderator deletes one of your posts. Surely you could find the one where you said Trade Satoshi was a scam "several months ago."

Yes, but some just disappear without trace, that's why now i use the archive tool,
I have archived the VIVA-e scam and also the coins.ph one.

So tell me, what happen, why from all this people in bitcointalk forum you got fixated to me?
Is because my nickname? Fratoshi? it remains you Tradesatoshi? Or remains you Satoshi - Craig Wright?
I will not comment about my political views here, but that is why you obsessive fixation with me?
My name remaind you at Craig Wright?

Neither of your outbursts in those threads highlight my involvement with a scam. They're just you being a moron. And I'm not calling you names, I'm making a statement of fact.

If I'm a scammer, open a scam accusation thread against me, list your evidence, and create a flag. Then you can stop following me around.

I just want to state here that you accuse me of being Tradesatoshi staff on 2019-03-28 because of this post https://bitcointalk.org/index.php?topic=5118992.0

After that i posted on Bitblender post that one of their staff left me a negative trust on July 17, 2019 https://bitcointalk.org/index.php?topic=5153859.msg51850888#msg51850888

And for almost 4 months i did not interacted with nutildah , on  November 08, 2019 he call me an invertebrate for no reason https://bitcointalk.org/index.php?topic=1691388.msg53021120#msg53021120

And he has been following me around and confronting me that i am Tradesatoshi staff and of being a scammer with no proof.

I think he has just gone psyco, out of his mind, he is secretly looking what i been doing for months, he is a stalker.

Now he turn things around and ask me to open a scam accusation against him.

I tell you this Mr nutildah, i will come to this forum for the next 70 years, and you will probably will be gone at some point, and i will never will open a scam accusation against you, so go fool someone else with your tactics.

I don't really understand what your end game here is but there is zero chance I will ever remove my negative trust on you. I will, however, be very impressed if you stop trolling me and following me around after this message.

We are clearly very different person Mr nutildah.

As i have said before i am always up to be friend with anyone, for me we are all humans and humans make mistakes, you are attacking me so you cannot expect i will stay quiet, but i have never told you "Idiot" "Fucking retard" etc.

You are a very different person, you been stalking me for four months, and i will not comment here about your sexual behavior, what i find disgusting, but you need to change, became more human, you need some help, and i am telling you this for good, go check your mental health because is not normal what you doing

LOL OK Dr. Phil, thanks for your analysis.

I'm 100% with you on this nutildah - merited.

Edit: There are a few accounts that have deleted their posts in an effort to hide their past shilling/bumping of various scams, thinking nobody will notice.

and as soon as there was some progress ( nutildah  laughing at my comments with a LOL and replying with a joke) and seems like there was just a little chance of me and nutildah become friends someone else arrive and start talking about me deleting posts, something that i have not done, so it looks like i will be winning two enemies or two friends.

I suggest you and everyone else who want to continue accusing me of being tradesatoshi staff please create my own personal post so we can discuss about me and leave the tradesatoshi alone only for tradesatoshi things because for me looks like some people is interested on bumping this post for some personal reason, and now because i am commenting this i am sure that someone will come and say that i am defending tradesatoshi bla bla  ::)

Most likely i been trolled, basically i find this a waste of time, today i did 10 post only talking about myself i say no, nutildah say yes.

Well i am not leaving, i am staying here, even if i end up with 40 negative trust like that game-protect guy.

sorry, dear friend. have you ever seen viva-e.com scamming?? do you have any proofs or you are just kidding?
I am the owner and the creator of viva-e. and if you have any (even any) fact that I (or viva-e) scammed anyone, I am ready to pay back any amount.

If you will not be able to prove your words by facts, then you are the real scammer and the most boolshit here.

With the number of complaints (selective scamming) against them, why are the legal authorities not clamping down on scam exchanges such Tradesatoshi?

Maybe if the legal authorities make an example of just one exchange then the other scam exchanges will be so scared they will probably simply shut down their scam knowing they could be next.

Interesting.
The Viva-e scam thread was mysteriously deleted from the scam forum.
When i wrote on that thread someone was very vocal about Viva-e not being a scam.

Do you have any proof that Viva-e is not a scam?
Viva-e uses the same design and script of other two sites that exit scammed, so convince me that Viva-e will not exit scam like the others?

https://i.imgur.com/jItIeRw.jpg

I already explained it to you at least 2 times already: the thread did not "mysteriously disappear." It was a self-moderated thread started by a banned troll (https://bitcointalk.org/index.php?topic=5211434.0). So either he deleted it or a moderator did, because he was engaging in ban evasion. The burden of proof is on you to prove that Viva-E is a scam exchange -- not on anyone else to prove that its not.

Now that you were caught promoting a scam exchange you just go around and claim everything else is a scam as well. Whatever it is you are attempting to prove, well, it isn't working.

Dear good friend Mr nutildah

How you been, long time don't see you around, i hope you doing well.

Regarding my comment to CryptoAlmanach who is the owner of Viva-e exchange, i have not comment anything about you, we already have discuss about that topic in the past and we have become good friends and from me you will only get love.

Now, regarding Viva-e

Viva-e exchange uses the same website design and script that other two scam scam exchanges who owners are in jail.
For example:
P2PB2B, Coinsbit, Whitebit are using also the same script, and similar terms of service and one person is linked to all those exchanges "Vitalii Zaderei".
Crypsty and Bitebi9 also linked, Bitebi9 was an exchange owned by the Chinese girlfriend of Mr Vernon.
Btc-e and Wex linked exchanges using the same script and design, owners have a link.

So please explain why Viva-e who uses the same design and script than Btc-e and Wex is not going to exit scam or do something malicious like those examples i mention?

Dear friend nutildah.

I am not butthurt and i believe we are friends, yes we have call each other things, like you called me invertebrate, scammer, Tradesatoshi staff, etc, we maybe have some ups and down on our relationship, we sometimes get angry, some women experiment this kind of situation, is called menopause, is a hormonal imbalance that makes you hate me and love me at the same time.

The fact is that i am not looking for you, you are the one that goes searching for my post and reply whatever i post here, you have some obsession with me.

From March 25 i did not interact with you, and then on November 8 you quote me calling me an invertebrate
https://bitcointalk.org/index.php?topic=1691388.msg53021120#msg53021120

November 26 you called me an asshole, but you also agree to our friendship here
https://bitcointalk.org/index.php?topic=2890191.msg53181907#msg53181907

November 26 was the last time i interact with you
https://bitcointalk.org/index.php?topic=2890191.msg53181907#msg53181907

Then one month later you come back and interact with me again
https://bitcointalk.org/index.php?topic=5118992.msg53458061#msg53458061

So Mr nutildah why you are always following me everywhere i go and try to interact with me with the same repetitive topic?

Members of this thread provided solid evidence that TradeSatoshi was a scam. You chose to ridicule them and call them scammers without providing any evidence of such. Now you are going around claiming other exchanges are scams without providing any evidence, probably in an attempt to draw the attention away from your scam defending past.

Stop your incoherent ramblings. Either contribute to the forum in a positive manner or just fuck off already.

Dear friend nutildah.

I already explain why i "Ridicule and call scammers" those who said Tradesatoshi was a scam, for that i got negative trust left by you, and i got upset, yes, maybe my behavior was not good, i learn to behave and i apologize if i caused some hurt to someone. I offered you my sincere friendship and you accept it, yes we are friends, and i am happy about it.

The only scam thread i started was the Instantbitex SCAM
https://bitcointalk.org/index.php?topic=5204545.msg53181223#msg53181223

I follow the standards, for that i did a deep investigation and found out many red flags, dissolved company, fake volume, delisting coins without warning, locking accounts and not processing withdrawals, all that can be verified.

Are you saying that Instantbitex is not a SCAM?

By your logic if someone looks like Bill Gates it means he is Billy? Or if someone looks like a thief it means he is a thief?
In fact while creating this exchange I should not ask anyone about like or dislike the design. That's my own choice and I don't have to ask anyone.
But if you are a serious person, you have to provide it by facts when you scream around "VIVA-e is a scam". If you don't have any facts (in which I am sure), it means you and your words are only just bad air. Just provide facts or don't lie.
You don't have any facts, you are kidding.

My personal opinion is that Viva-e exchange is a scam and is owned by the same operators behind Btc-e and Wex.
I have said this on a thread that was mysteriously deleted from Bitcointalk forum.

Then it seems like some users are very vocal about the things i said on other threads and reply to my comments on this Tradesatoshi thread.

Apologies if my personal opinion hurt someone, but the fact is that Viva-e is using the same script than Btc-e and Wex and on the Viva-e chatroom it was showing conversation from the old Btc-e website, meaning they have the same database.

Why do you keep saying "mysteriously deleted?" Are you a troll, are you a liar, or are you just stupid? You must be at least one of those things because I and others have explained to you why it was deleted several times. You responded to a self-moderated thread of a banned troll. So either he deleted the thread or a mod deleted it after he was banned. It was the same thread you referenced in your bullshit flag against me.

Also as I've told you before, if you feel so strongly about this issue, open your own thread about it and stop posting about it in this one, as it is off-topic.

Interesting how you get hurt then i say "mysteriously deleted"

And interesting how you accuse me of keeping this post "off-topic" when you are the one being very vocal about bringing other topics than Tradesatoshi,
for example, i don't see you talking on how the volume on Tradesatoshi drops from 40k $ per day to 10k $ per day in the past months.

So tell me Mr nutildah.

Why you try to keep the Tradesatoshi thread off topic?
And why do you think Instabitex is not a scam?

Is because you like to support and promote scams?

I just want to know what compels your persistent misunderstanding of this issue. I think its dishonesty, as almost everything else you say is a lie. Thanks for your most recent trust rating. It just reveals what a clown you actually are.

Interesting how you dishonesty try to draw attention away from Tradesatoshi scam, are you a troll?

Why don't you stop posting about it in this one, as it is off-topic, no one cares about your trust rating.

Mr nutildah.

Have you seen https://coinmarketcap.com/currencies/bitcoin-rhodium/ ?
It is not interesting for you that that shitcoin is only trading on scam exchanges? like Whitebit, Sistemkoin, Hitbtc, P2PB2B, Tradesatoshi?

https://i.imgur.com/0Ka3aoi.png

What do you think Mr nutildah? or you don't care? and prefer to talk about your trust rating to keep the Tradesatoshi tread off-topic?

What I do think is interesting is that now you refer to Trade Satoshi as a "shitcoin exchange." That's a step in the right direction. I will never think you are anything more than untrustworthy, and every time I catch you in a lie I will point it out and remind others you are a liar, but other than that I have no further interest in conversing with you.

Interesting how you have no further interest in conversing with me when you have said the same thing in the past and then come back with the same repetitive off-topic conversation.
It seems like you got easily offended when i pointed out that the Viva-e thread got "mysteriously deleted" you better slow down your passive aggressive behavior.

Ps, Deny our friendship was so untrustworthy of you, it really hurt my feelings.

Tradesatoshi - BEWARE! 2020

looks like another exit scam (Cryptobridge style)


TradeSatoshi is currently in maintenance mode...

Locked accounts..

Say they got hacked..

blocked btc withdraw...

I did not know Cryptobridge exit-scammed. I know they closed down but did not know they scammed investors.

Can anybody else corroborate this?

So glad that I stopped trading on TS over the last year.  They did hold a lot of small staking coins that I stake but delisted one of them for no reason.  I think it's the only exchange that LiteDoge is on, the only reason why I used them recently. 

You see to be one of the fortunate ones because they were increasing in their selective scamming tactics around that time. Thankfully you got out before losing everything you had in their wallets.

There are too many complaints about them, they might be one of 2020's first exit-scam exchanges: https://bitcointalk.org/index.php?topic=5215408.0

guys advise everyone to avoid this exchange. If you make a deposit of coins on this exchange, you will not be able to withdraw your coins without loss. be careful  :'(

My account is still locked. I don't have access to coins.  >:(

I have also noticed that, bro.  Scammers till the end  ;D

Lots will loose them, i think!

I wish you that this was your last loss due to scam exchanges.

Hello everyone as you now in last months TradeSatoshi stop withdraw at different coins making difficult for user to withdraw their money.
But newer they have a new practice lock people account and never restore .

I know are a lot of people with this problem and this is the reason i open this post and someone need to make something
 against them or will leave with people money .


I want to collect all users story about how they have been scam by this site and after that i will open a complaint at police about this
even need to be opened in 3 states .

All person are free to send his story at this email : bestsiteptc2011@gmail.com

This site domain is hosted at GoDaddy and you can raport an abuse ther at this adress : abuse@godaddy.com
Registrar Abuse Contact Phone: +1.4806242505

Domain Name: tradesatoshi.com
Registry Domain ID: 1979629160_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Updated Date: 2019-11-15T12:10:22Z
Creation Date: 2015-11-14T10:26:16Z
Registrar Registration Expiration Date: 2020-11-14T10:26:16Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146
Registrar Abuse Contact Email: abuse@godaddy.com
Registrar Abuse Contact Phone: +1.4806242505

Please distribute this message for all user to see it and send a ticket to abuse section and a confession at that mail .
The more we are, the greater the chances of being held accountable for the crimes committed.

Seems, tradesatoshi-scammers had set some crazy fees for BTC-withdrawal after the announcement of closing down :

https://tradesatoshi.com/Exchange/pro?market=BTC_USDT
https://tradesatoshi.com/Exchange/pro?market=DOGE_BTC
DOGE/BTC
https://i.imgur.com/FrzRxMt.png
BTC/USDT
https://i.imgur.com/iijfxtO.png

Bitches.

I have been trying to warn people about this exchange for a long time...looks like they finally scammed enough people and are closing up.
https://twitter.com/TradeSatoshi/status/1230509341142220800 (https://twitter.com/TradeSatoshi/status/1230509341142220800)

Re-read this post and few others..they target accounts that sign up with names that are not complete, for example, "Pete P" vs "Pete Peterton" and then lock that account claiming suspicious activity.

They say you must then KYC but in the mean time they changed all terms and services, unregistered name in UK and moved somewhere they can scam users at will, and then of course, locked name fields so unless id matches exactly Pete P you can not change it....

Any support requests get ignored or sent back saying please fill out this...you do, then support says, sorry, please fill this out...you do, the support says, sorry please fill this out....it is automated scam.

Also you get banned on twitter for asking about why they are stealing user accounts.

Sadly no users will get money out.

The owner is know. He deserves to get caught for this fraud!
https://suite.endole.co.uk/insight/people/20279371-mr-francesco-alibrandi?page=companies (https://suite.endole.co.uk/insight/people/20279371-mr-francesco-alibrandi?page=companies)



Other threads for this topic:
 https://bitcointalk.org/index.php?topic=5118992.200 (https://bitcointalk.org/index.php?topic=5118992.200)

Good luck getting money out...I think they are closing now for a reason. No one will be able to withdraw funds.

(posted this same thing in another thread but I think people need to see this here too.....sucks that so many people still get scammed from these guys)

Great news about scammers Tradesatoshi closing down but what happens to all those coins they have scammed under the guise of investigations? Will they return them to the rightful owners?

Such scammers.

I am fully KYC verified at max. Level 2, but still all withdrawl (and other buttons) are deactivated (buttons do not appear). Trading is deactivated as well for my account.


I wrote on facebook and the comment got deleted. I complained on Discord. It seems i got either banned from their Discord or they did delete their Discord Channel completely.

Support does not answer to any tickets.

No one will recover money from ther iths only one way to do that.

The woner of tradesasorhi resister in UK this conpany  2-3 yaers ago so his real name is stored ther all we need is to open a charge on police in uk .
I will do it for my money ! Neext weeck i have to go UK to see someoane and then i will try to raport this .

Till then feel free to Registrar Abuse Contact Email: abuse@godaddy.com

This is how "exit scam" looks like.

https://twitter.com/RochBuch/status/1231116760302092288?s=20
https://i.imgur.com/VB9eDrC.png

https://twitter.com/IJsselTerror/status/1231006765933891590?s=20
https://i.imgur.com/uTbNoB8.png

https://twitter.com/sami_1555/status/1231004779272269824?s=20
https://i.imgur.com/yQi6EkM.png

https://twitter.com/Saphiretr/status/1230960381226573824?s=20
https://i.imgur.com/nXIekUz.png

https://twitter.com/Rhett800cc/status/1230956182338252800?s=20
https://i.imgur.com/cjbgXAz.png

https://twitter.com/andreasedler2/status/1230912835988983809?s=20
https://i.imgur.com/x9SIbZn.png

https://twitter.com/LUIS_21x/status/1230913702079029248?s=20
https://i.imgur.com/KfghMTW.png

https://twitter.com/Bhagchand3/status/1230861679208157190?s=20
https://i.imgur.com/eQNB6Sf.png

https://twitter.com/dukeleto/status/1230845996378312705?s=20
https://i.imgur.com/FM8jeAQ.png

https://twitter.com/paritforex/status/1230843590093336577?s=20
https://i.imgur.com/nbR2fui.png

And many-many others here: https://twitter.com/TradeSatoshi/status/1230509341142220800

Maybe xtraelv will go to tradesatoshi-office and find there someone to help all this people?!  >:( Hardly.

My "best wishes" to all Tradesatoshi-defenders on Bitcointalk. You helped them to scam people, bitches.

Sorry folks if you still have coins there, looks like its all over.

https://cryptoiq.co/tradesatoshi-crypto-exchange-closing-down-has-all-the-signs-of-being-an-exit-scam/
https://bitcoinist.com/tradesatoshi-crypto-exchange-shuts-down-users-report-foul-play/

Site is now down for "maintenance."

Ja, they exit scammed users for over 2 years...I wonder how many accounts have been locked due to "suspicious activity" and then simply stolen...
I spent long time trying to keep this thread active to warn people- and twitter (but they just block your account).

Anyhow, now Tradesatoshi are just exit scamming everyone (at least it's not discriminatory).

Decentralized exchanges like Waves is the future. Eliminate all these scamming POS that steal and abuse people with sadly no worries about anything happening. So bad for crypto.

Careful with exchanges, many allow sign ups and then change terms and conditions to say, we can do whatever we want with your account to prevent "suspicious" activity....suspicious being of course, having an account with a balance they want to steal.

Why am I not surprised at this?

The warning signs were there for many, many months, for all to see. I simply can't understand how or why people choose to ignore the warnings & use this scam of an exchange after all the info that has been posted about them on this forum & all over the web - it's madness.

I'd really like to say that I feel sorry for all those who have been scammed by them, but in all honesty, I can't. If people choose to ignore the warnings then they only have themselves to blame I'm afraid - the sooner people stop using these centralised exchanges & start using decentralised ones, the sooner we can eradicate these scammers from Crypto space. People need to realise that anything centralised goes against the whole principal & core idea of Crypto & will always, always end badly eventually.


A very welcome coincidence!

I did warn you all  at the start of the year...   >:( 

lucky I didn't lose much this time..  unlike CB

It seems to be a trend exchanges using kyc to exit scam...

Yup, that's why the account was flagged (https://bitcointalk.org/index.php?action=trust;flag=444) sometime ago.

there is a new thread about tradesatoshi that is about to close next month yet the exchange is asking KYC to the users who wants to withdraw their BTC. you won't be able to withdraw without submitting documents. its really a scam to its fullest, they are about to do the exit scam but were still requiring users to comply KYC.  its worse when you finally submit yet the withdrawal was disabled.

KYC is biggest scam in crypto. Most exchanges use it as a reason to steal.  And with s**t / scam exchanges that use it as a reason to steal user funds it is even more dangerous.

Yes, please give us (a scam exchange) all your most sensitive information, your DOB, Name, Address, Next of kin, secret passwords, social security number, picture of you and your family holding up ID, and your pets's name...and then we say that is not enough...

please provide a bank account, phone number and phone provide ID, please tell us your employer name and address, please tell us how you made your money (due to KYC and money laundering concerns) and don't worry all that information is secure with us ( yeah right- being sold on the black market as we speak).

Decentralised exchanges can't happen soon enough, but sadly are not yet here. Or are there options?

I guess in this case doesn't matter, all users will get scammed now anyhow by Tradesatoshi, but still...if anyone knows..I only know of Waves decentralised exchange.

People need to faind who is this admin an adress or someting to make him a visit !

This camer need to pay for all money hi take from users .

Found it. I posted what is likely to be his home address in an Investigations thread I just created:

https://bitcointalk.org/index.php?topic=5227910

Everyone who lost money and is looking to have a lawyer contact him (Francesco Alibrandi is the name of the exchange owner), feel free to take a look and leave anything that might help bring this guy to justice. I know they still have 8 days before the exchange is officially "closed," but the fact that the site is now in maintenance after refusing to allow customers to withdraw their coins makes things look pretty grim.

Good luck to all.

I cant see that post show as missing !

Found Him !

https://beta.companieshouse.gov.uk/company/09878766/filing-history

You can't see the Investigations board because you are still a Newbie. I'm not sure if Jr Members can see it either, but I sent you a merit, so try looking at it again in a few minutes.

https://bitcointalk.org/index.php?topic=5227910

One of the interesting things about the owner, Francesco Alibrandi, is that he was a shareholder of the Cryptopia exchange. As such, his full address is listed here:

https://www.nzlbusiness.com/company/registered/Cryptopia-Limited

Another interesting connection is that the founder and developer of Cryptopia also worked for Trade Satoshi. I wonder if he had anything to do with either or both exchanges shutting down. I wrote all about it in the Investigations thread.

I see it now : Francesco ALIBRANDI
8d/8 Hampden Street, Paddington/nsw

How can I access this topic?

Dear all,
I could withdraw btc from tradesatoshi!
Withdraw faster, probably this opportunity is not open for long!

good for you... my account is still locked. Have been waiting to be verified for like 14days... nothing. Can't cancle open trades, can't withdraw funds...

How to witharw if this scam loked all acounts !

Are not stuped they let all pleople with small balances to withraw and everyoane who have a high amount is loked .

So if you have 100 $ you are free to withraw but if you have 1000 they will scam you .

I got trapped in a different way.

During the L1 verification, i filled in a nickname (they were not asking for any (official) document). Then almost a year later, they blocked my account and requested a L2 verification with official documents. No matter how many times I contacted them and requested them to change my name/surname in L1 , they were replying that this is not possible.
So essentially I had to present an official document with my nickname !! After struggling with their support for more than 3 months and receiving outrageous excuses/responses I finally gave up....
I cannot withdraw, trade or perform any action  :(

Yes they scammed and targeted most users that way...sign up, I imagine many used alias or nick names and those were purposely stolen in the name of KYC.

They also targeted Bitcoin Private (scam coin) users also and locked all those account (their updated terms and conditions actually said they can just freeze accounts if they suspect anything (anything being, they want to steal your account)).

They are scammers pure and simple. They dissolved  their "UK" licence (registered under Francesco ALIBRANDI), moved to Asia or where ever and then started scamming users. No justice for these POS people.

https://beta.companieshouse.gov.uk/company/09878766/officers (https://beta.companieshouse.gov.uk/company/09878766/officers)

Good luck finding him now- he has been scamming users since 2015 and now doing the ultimate exit scam- lock accounts and close up.

Yes it seems truly over for Tradesatoshi users that are trying to get their balances withdrawn.

Those pathetic low-life imbeciles at Tradesatoshi have stolen from innocent users en masse by putting their website in maintenance mode and at the same time asking users to withdraw by 1st March 2020.

Their maintenance mode is fake, they have removed the whole website and put a single page up and messed up their logo/image link in the process - which now appears blank.

-----
https://i.postimg.cc/T3QqVxm9/ts2-Copy.png
-----

-----
https://i.postimg.cc/9z5cMsJ5/ts1-Copy.png
-----

Acount still loked by this scamers !

So even though they are in and out of maintenance mode they are still locking accounts?

The scammers at Tradesatoshi will end up stealing a lot of money by pulling their exit-scam.

Yes my account was loked 1 day early from that annonce with closig down .

They dont worked for Trade Satoshi !
The guy was asking about that if they can developing for him an exchange source code !
After he got that he changed and developing all for his one .
After that the owners from Cryptopia has nothing to do anymore with it.

Also i know that the last Company register was in Hong Kong !
The UK register was only for mail service.


Same here and still cant withdraw my little amount of BTC there.

Adam Clark says he worked for Trade Satoshi. From his LinkedIn (https://nz.linkedin.com/in/adam-clark-20a07887):


You should also read this story:

https://www.altcoinbuzz.io/cryptocurrency-news/finance-and-funding/tradesatoshi-accused-of-malpractices-regarding-their-exchange-handling/

I wouldn't be surprised if he had a hand in emptying funds out of Trade Satoshi and leaving them insolvent. However, its possible that both Alibrandi and Clark are independently crooked.

TRADESATOSHI.COM is not load now? its down?

they blocked account and now down.......... ???

tradesatoshi steal my 10k$ in alts... 10 LTC 0.1 BTC and many others. How can I reach the admin?

email here and i will send you all i know about admin adress : bestsiteptc2011@gmail.com

I lost the same 0.11 btc ther in that scam site .

The best thing to do is to report them for fraud to the police cyber crimes unit in your country and also to the police in the last place they were officially registered (Hong Kong) because they have exit scammed and will be giving anybody their funds back.

The only chance (and it is a small chance) you have to get your funds back is by getting the police involved.

tell me what u know?
Does he answer in twitter or facebook?
Does he has bitcointalk account???

Peoples on twitter: https://twitter.com/TradeSatoshi/status/1230509341142220800
think that it is different man Adam James Clark...

Tradesatoshi server IP - 131.153.18.226:8090

Some time ago, when the exchange was active, I received an error. This IP can be a transaction server.


Assetylene discord:

They stole everyones money...yes they exit scam. You lose it all. They are criminals

Are you scammer too? Just post what you know here. Why keep it a secret?

go to site FBI and all members that have account with QTY send it to follow with them


we follow bitconnect with FBI and FBI created a link for all people to  add their losing money  8) 8) 8)

Help me understand. What happens after that?

Does the FBI smoke out the criminals behind Tradesatoshi and force them to pay every other person they scammed?

Sadly, after all the warnings that were posted in various threads and boards about the TradeSatoshi scammers, they eventually exit scammed their way out of business gaining millions of USD$ in crypto along the way.

The only reason the carried on selective scamming before exit scamming was because people did not do their research and continued to deposit funds. As soon as TradeSatoshi realised they were not attracting enough new victims they decided to pull the plug. Does anybody have a different explanation?

As for any law enforcement agencies getting involved, several probably already have and were/are looking at options but it has been a couple of years and no news of arrests have been made. I doubt the scammers will be able to get away with their scam without multiple governmental agencies arresting them one day.

Now that they've successfully managed to get away with their customers' funds, it's hard to imagine how difficult it will be for them to recover. Because even if those scammers are arrested on the allegations of those customers, it cannot be ascertained whether it is possible to recover those funds or not. So crypto users will have to be more careful in selecting any exchange in the future.