Bitcoin Forum
September 17, 2025, 04:29:27 AM *
News: Latest Bitcoin Core release: 29.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: [INFO] Updated Summary of malpractices and abuses of exchanges  (Read 725 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
Alpha Marine
Sr. Member
****
Offline Offline

Activity: 1022
Merit: 456



View Profile
August 18, 2025, 12:26:23 PM
 #41

If we're talking about national governments as authorities, there are about 200 different authorities on the planet. And none of them knows who owns the Bitcoin address you're sending to, so none of them can know which exchanger received your funds, so none of them can ask that exchanger within seconds to freeze your funds. This power is entirely concentrated with companies that sell the notion of taint, and none of them are transparent about their criteria.

The thing is, there's no direct "request" from the authorities, but the exchanges are looking out for themselves. They have to be in the good books of the authorities because if they don't, they could be shut down, and even if they are not shut down, in their POV, it is better to be on the good side of the government than on the bad side.
For they to be on the good side of the authorities and also have their customers trust them, they have to provide a thousand-page "terms of service" and do the exact opposite when it suits them.

It's the same with how the authorities have the banks and other financial organisations by the throat in my country. They have to compromise or face numerous ridiculous issues that will make business difficult for them. It got to a point where I began to see systemic social media campaigns by influencers against a financial institution that refused to yield, till they finally did.
So right now, those institutions don't need a direct request from the authorities before they do what the authorities would want.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT|
4,000+ GAMES
███████████████████
██████████▀▄▀▀▀████
████████▀▄▀██░░░███
██████▀▄███▄▀█▄▄▄██
███▀▀▀▀▀▀█▀▀▀▀▀▀███
██░░░░░░░░█░░░░░░██
██▄░░░░░░░█░░░░░▄██
███▄░░░░▄█▄▄▄▄▄████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█████████
▀████████
░░▀██████
░░░░▀████
░░░░░░███
▄░░░░░███
▀█▄▄▄████
░░▀▀█████
▀▀▀▀▀▀▀▀▀
█████████
░░░▀▀████
██▄▄▀░███
█░░█▄░░██
░████▀▀██
█░░█▀░░██
██▀▀▄░███
░░░▄▄████
▀▀▀▀▀▀▀▀▀
|||
▄▄████▄▄
▀█▀
▄▀▀▄▀█▀
▄░░▄█░██░█▄░░▄
█░▄█░▀█▄▄█▀░█▄░█
▀▄░███▄▄▄▄███░▄▀
▀▀█░░░▄▄▄▄░░░█▀▀
░░██████░░█
█░░░░▀▀░░░░█
▀▄▀▄▀▄▀▄▀▄
▄░█████▀▀█████░▄
▄███████░██░███████▄
▀▀██████▄▄██████▀▀
▀▀████████▀▀
.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀
███▀▄▀█████████████████▀▄▀
█████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀
███████▀▄▀██████░█▄▄▄▄▄▄▄▄
█████████▀▄▄░███▄▄▄▄▄▄░▄▀
███████████░███████▀▄▀
███████████░██▀▄▄▄▄▀
███████████░▀▄▀
████████████▄▀
███████████
▄▄███████▄▄
▄████▀▀▀▀▀▀▀████▄
▄███▀▄▄███████▄▄▀███▄
▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄
▄██▀▄███░░░▀████░███▄▀██▄
███░████░░░░░▀██░████░███
███░████░█▄░░░░▀░████░███
███░████░███▄░░░░████░███
▀██▄▀███░█████▄░░███▀▄██▀
▀██▄▀█▄▄▄██████▄██▀▄██▀
▀███▄▀▀███████▀▀▄███▀
▀████▄▄▄▄▄▄▄████▀
▀▀███████▀▀
OFFICIAL PARTNERSHIP
SOUTHAMPTON FC
FAZE CLAN
SSC NAPOLI
examplens
Legendary
*
Offline Offline

Activity: 3766
Merit: 4062


Daily Cashbacks 🐳


View Profile WWW
August 21, 2025, 09:07:03 PM
 #42

I'm not sure if this is a rhetorical question, but I assume there is no such request. If we're talking about national governments as authorities, there are about 200 different authorities on the planet. And none of them knows who owns the Bitcoin address you're sending to, so none of them can know which exchanger received your funds, so none of them can ask that exchanger within seconds to freeze your funds. This power is entirely concentrated with companies that sell the notion of taint, and none of them are transparent about their criteria.
Here is an example of a case that came to my mind while I was writing the previous comment. These are coins (USDT token) sent by the user, which ended up at the Whitebit address (probably liquidity partner). These fraudsters were asked several times to show the KYC request they received from the regulator, of course, without an answer. Now it has reached its peak, where they are portraying everything as a negative campaign by the competition against them. :clown

███████████▄
████████▄▄██
█████████▀█
███████████▄███████▄
█████▄█▄██████████████
████▄█▀▄░█████▄████████
████▄███░████████████▀
████░█████░█████▀▄▄▄▄▄
█████░█
██░█████████▀▀
░▄█▀
███░░▀▀▀██████
▀███████▄█▀▀▀██████▀
░░████▄▀░▀▀▀▀████▀
 

█████████████████████████
████████████▀░░░▀▀▀▀█████
█████████▀▀▀█▄░░░░░░░████
████▀▀░░░░░░░█▄░▄░░░▐████
████▌░░░░▄░░░▐████░░▐███
█████░░░▄██▄░░██▀░░░█████
█████▌░░▀██▀░░▐▌░░░▐█████
██████░░░░▀░░░░█░░░▐█████
██████▌░░░░░░░░▐█▄▄██████
███████▄░░▄▄▄████████████
█████████████████████████

█████████████████████████
████████▀▀░░░░░▀▀████████
██████░░▄██▄░▄██▄░░██████
█████░░████▀░▀████░░█████
████░░░░▀▀░░░░░▀▀░░░░████
████░░▄██░░░░░░░██▄░░████
████░░████░░░░░████░░████
█████░░▀▀░▄███▄░▀▀░░████
██████░░░░▀███▀░░░░██████
████████▄▄░░░░░▄▄████████
█████████████████████████
.
...SOL.....USDT...
...FAST PAYOUTS...
...BTC...
...TON...
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!