So, Tradesatoshi-exchange just blames all users are having fake data and then freezes their funds. This is how we must understand this response of support:
"Excellent" justification.
But what is your ground to freeze legal funds?
Where does it say in your Terms and Conditions that you can keep customer deposits for not wanting to provide you with KYC information that you initially did not require for low-tier traders?
Another affected user says this:
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
Sorry, buddy, they claim you have fake data. They even don't need KYC for this - they simply know ))
It's funny, but 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.
They don't want us to have that kind of evidence, like the one above.
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These scamming peaces of donkey poop. Yes it is all a scam to steal coins. They say...
"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"
No they are not a financial institution. Read their terms and conditions."Bitcoin or other similar virtual commodities are not "money" and do not fall within the regulatory regime administered by the Customs and Excise Department of Hong Kong.
An MSO licence granted by the Customs and Excise Department of Hong Kong does not give any form of approval or recognition to a business related to Bitcoin orsimilar virtual commodities." BLA BLA f**kin BLA
AND NO, they don't warn users of KYC, they just lock accounts and delist coins they want to steal or don't own...BTCP for example. The biggest scam in crypto.
ANYHOW,
to sum up, ja,
we originally said we were registered in London and we are a respected company but, since then we moved to HONG KONG updated our terms and conditions to do whatever the F**k we want. We can lock any account we know signed up with "not" their real name like "doneynuts 1119"
and we can then force KYC on all those accounts...if they do provide actual sensitive documents to our scam staff, (we will use it as we see fit) but we may still not allow you to get access to your account because , well, your name does not match so you violated our terms...
remember when you signed up, you agreed to it..oh wait, no you didn't we changed the terms a while ago but you didn't react so, now we will steal your coins.
You stupid fools. Don't you know crypto is a scam? We justify US or TRADESATOSHI, stealing your coins because, you did not sign up with a real name.
Thanks for your Bitcoin.
Sincerely, TRADESATOSHI
scam experts.PS: let users get their funds out before you lock all accounts you scam artists. Who owns TRADESATOSHI?
