How LBC blocked my 5000$ without any reasons

[Patatas]

It's sickening how LBC is acting so scummy these days! You should not be asking them for details about the other person but your own money. Just tell them assuming your accusation is true and I suffered identity theft, just send the bitcoins back to whichever wallet it come from? That's not very hard to do.

Sue LBC to your local authorities.

[AB de Royse777]

It's sickening how LBC is acting so scummy these days! You should not be asking them for details about the other person but your own money. Just tell them assuming your accusation is true and I suffered identity theft, just send the bitcoins back to whichever wallet it come from? That's not very hard to do.

Sue LBC to your local authorities.

I do not understand why this is so hard for these exchanges or gambling sites. We see scam accusations topic almost regularly and the common issue is multi account/ same ip this kind of things.

When this happens, I see the best practice is to send the money back to the address it came from.

[figmentofmyass]

It's sickening how LBC is acting so scummy these days! You should not be asking them for details about the other person but your own money. Just tell them assuming your accusation is true and I suffered identity theft, just send the bitcoins back to whichever wallet it come from? That's not very hard to do.

Sue LBC to your local authorities.

I do not understand why this is so hard for these exchanges or gambling sites. We see scam accusations topic almost regularly and the common issue is multi account/ same ip this kind of things.

When this happens, I see the best practice is to send the money back to the address it came from.

i don't like it, but look at it from their perspective. based on what they know, the same person ran multiple accounts and used one of them to engage in fraud. it's not surprising that they would use the deposit as leverage to force resolution of the earlier issues.

this is one reason why i basically don't do KYC anywhere. the chances of identity theft are just too high. also, it's good practice to do a small test deposit to see how a service reacts before loading an account with high value.

[gentlemand]

it's good practice to do a small test deposit to see how a service reacts before loading an account with high value.

Trouble is it's the big deposit that's likely to set one's troubles off.

If anywhere has a whiff of KYC I wouldn't bother putting a penny in without verifying. The places that claim they don't, or it's selective like Changelly, usually spring it on you at some point anyway.

[malevolent]

At this point it's best to specifically ask a given service if they can envisage asking for KYC at any point or circumstance. And monitor their website for changes in their stance.

[buwaytress]

Well, your title is wrong now, since they have a reason for locking your account.

I'm not sure where to go with this either. You have to do several things though:

1. Prove ownership of identity. If you can get them to accept a 3rd party verifier (the EU has several now), then maybe there's a way.
2. That account Peppa, it's old and has a long history. Has your ID been compromised for so long you did not know? I'd take malevolent's advice and find out the source of the leak. LBC should at least help in this.
3. Why on earth did you deposit after you got blocked?

But yes, I like LBC but I can never understand why services seize funds like this, when there has been no proof of crime. If anything, this punishes the victim twice, if the victim truly did have his ID stolen.

[AB de Royse777]

LBC should at least help in this.

Reading at the OPs information what I learnt is that LBC is not helping him by giving any information. In fact legally they should not do that. It will be like, I or some random person will go and ask them that I want to know the IP address of xyz user.

I think the solution for this issue will be blocking the both account and send the money back to the transaction it came from once it will be asked. Since OP is asking for the money then give his money back without creating any drama.

[figmentofmyass]

That account Peppa, it's old and has a long history. Has your ID been compromised for so long you did not know?

that account was only recently verified. in fact, it looks like it was verified one day after the OP verified his account.

there's been lots of LBC accounts for sale on the digital goods board and elsewhere over the years. a fraud could have bought an unverified high feedback account and then used stolen documents to verify.

But yes, I like LBC but I can never understand why services seize funds like this, when there has been no proof of crime. If anything, this punishes the victim twice, if the victim truly did have his ID stolen.

from LBC's point of view, there has been proof of fraud. what bothers me is that LBC probably just ends up pocketing the money in these situations. they wait for police investigations (which never come) before repaying anything.

[buwaytress]

@Royse: They can help, once the user initiates an investigation from law enforcement. They need only confirm what documents were used or if the scan was even the same one.

@figment: you're right, they believe they can determine a fraudulent activity has taken place, but they can't determine which account was the fraudulent one. But because they haven't provided evidence of their claims, there isn't any proof presented... it's basically still their word against the user. In any case you're right. They just shouldn't be withholding funds is all. Stealing a thief's money isn't right any how it's put.

[AB de Royse777]

I wonder about this case. OP, did you able to resolve it?

@Royse: They can help, once the user initiates an investigation from law enforcement. They need only confirm what documents were used or if the scan was even the same one.

$5000 is a lot of money and I believe LBC are not a shady platform. Hope we hear better news from OP.

[carlfebz2]

I wonder about this case. OP, did you able to resolve it?

@Royse: They can help, once the user initiates an investigation from law enforcement. They need only confirm what documents were used or if the scan was even the same one.

$5000 is a lot of money and I believe LBC are not a shady platform. Hope we hear better news from OP.

Maybe the issue got resolved yet hes been online last July 17, 2019, same day on the account that he had created.So i presume that he completely lost up the way back here to make some updates.