Exchange Bittrex began to block accounts!!!

[bitcoinvestor]

I had withdran all my balance since My account could only withdraw 0.025 btc worth. I suspected there will be new regulation that make me lost. I took out all my balance. Now, I enjoy hitbtc. I hope hitbtc will not apply regulation as bittrex does. if the case has taken place to many users, I think there will be many migration of traders to hitbtc or liqui. Both are best exchangers that I know recently.

[MoonIsBlue]

It's the SEC, they said they would be targeting exchanges to try crash bitcoin so it may never recover. They're also behind a few coins being delisted from Bittrex.
They're a bit butthurt because everything is decentralized and see exchanges as the only way to get control.

[Yadstiker]

I had withdran all my balance since My account could only withdraw 0.025 btc worth. I suspected there will be new regulation that make me lost. I took out all my balance. Now, I enjoy hitbtc. I hope hitbtc will not apply regulation as bittrex does. if the case has taken place to many users, I think there will be many migration of traders to hitbtc or liqui. Both are best exchangers that I know recently.

Did they already released their offocial statement or whatsoever? Its because i was being asked by my friend what happened to his account, and i was also wondering what are his faults that it leads to that solution. He was very confused and he's worried already since there are no response about his complain why he was being banned by the exchange.

[SUDARMONO]

account blocking is very annoying and dangerous especially without the notice can make us confused and ask questions, it could be maybe our mistake when the registration does not use the complete data, certainly many who complain of blocking, hopefully this is not sustainable.

[salihno71]

This silence waves a huge red flag! Something is happening and at the first glance it looks very bad. Let's hope all of their coins are still accounted for.

[lottery248]

And why not send a fake passport?
How can they identify a person who is far away?

fake passport can be known with something advanced reverse searching, with that, in case you are using stock photos to fake it, they can indicate that easily.

[btcwish1]

This is really scary!  closing account without any explanation is the worst thing any business can do... 

[BitcoinHodler]

it is time to start thinking about decentralized exchanges more seriously.

when exchanges like bittrex which are fully crypto versus crypto start asking for account verification it is the end of cryptocurrency trading in centralized exchanges.
and this is happening while we don't need them for trading cryptocurrencies.

[olubams]

Hello everybody!
I just found out that the exchange has started to block accounts!
Without explaning the reason!

What I expect is that users should be allowed to withdraw their funds if they decide not to continue with Bittrex but what I am seeing is that, you are not even allowed to make any withdrawal by virtue of not verifying which means depending on the amount you have there, its either you forget about it or verify. If you then verify to withdraw, then there is no other basis than to continue the use of the their services, But this is a big set back in the crypto-currency world.

[rube08]

It really doesn't take a genius to connect the for as to why they started blocking account. They are based in US and I believe polo will be next. Dollars to doughnut and almost with certainty it has to do with SEC, IRS, etc.

[w5pn73]

I'm done with bittrex as of now, I wonder why they don't ask for any info or explain you the rules clearly when you deposit your bitcoins...

[stevano]

Hello everybody!
I just found out that the exchange has started to block accounts!
Without explaning the reason!

as they are blocked is a fictional account that is long inactive, seldom doing transactions within the site, or a fictitious account so often do negative things, it's in my opinion

[bitbitch]

it's accounts registered to people in a very particular group of countries. Turkey, Syria, Iran, India, Russia, and NOT China, South Korea, Japan, Europe, et.c., which suggests it might be a regulatory issue.

[coindose]

Wow, this is REALLY concerning. I have a fully verified account but closing accounts with no explanation (or notification) is concerning as hell.

[bitbitch]

Wow, this is REALLY concerning. I have a fully verified account but closing accounts with no explanation (or notification) is concerning as hell.

your verified account has been closed?

[mercury]

it's accounts registered to people in a very particular group of countries. Turkey, Syria, Iran, India, Russia, and NOT China, South Korea, Japan, Europe, et.c., which suggests it might be a regulatory issue.

Source?

[AndriyPilipyak]

Its bad news for all users

[bitbitch]

it's accounts registered to people in a very particular group of countries. Turkey, Syria, Iran, India, Russia, and NOT China, South Korea, Japan, Europe, et.c., which suggests it might be a regulatory issue.

Source?

This is the only press source for this story (that i have seen). Ask David Dinkins;
https://www.cointelegraph.com/news/bitcoin-altcoin-exchange-bittrex-eyed-with-suspicion-due-to-thousands-of-mysterious-account-closings

it seems to be accounts mainly in the countries discussed in a Telegram group. how reliable is that?

[SHIFTCASH]

this issue needs to be addressed accordingly.

[Red-Apple]

we had one exchange out of all these different ones with decent volume and good services that we could trust. now that is turning to a heavily regulated exchange which will soon report all your volume to the tax man and they have your identity to do it too.
we should all expect tax evasion charges very soon.

the question is which exchange do you think will take bittrex's place now!