Bitcoin Forum
March 02, 2021, 11:25:11 AM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: New exchange BTCNext is using KYC as an excuse to STEAL users funds  (Read 155 times)
plastick
Member
**
Offline Offline

Activity: 178
Merit: 15


View Profile
August 30, 2019, 04:39:57 AM
Last edit: August 30, 2019, 06:12:48 AM by plastick
 #1

Exchange: btcenext.io

They are making up bullshit excuses in order to keep my cryptos. They only did this AFTER I had made many deposits and accumulated a decent amount from trading.

They say they will not release my cryptos if I do not give them my personal information.

Not going to hand over my personal information to a bunch of criminals to sell on the darkweb.

They claim "Yes, we need to know, where did you take so much Noah coins?" Since when was it any of their business? Furthermore if they really wanted to know that they could just look at the transactions. They are using KYC as an excuse to keep funds on their exchange. Also, I didn't even take any noah coins, I BROUGHT IN over 11 MILLION of them so he was just making it up.

If they want KYC/AML they should be doing that BEFORE people deposit their funds, not as an excuse to keep them.
1614684311
Hero Member
*
Offline Offline

Posts: 1614684311

View Profile Personal Message (Offline)

Ignore
1614684311
Reply with quote  #2

1614684311
Report to moderator
1614684311
Hero Member
*
Offline Offline

Posts: 1614684311

View Profile Personal Message (Offline)

Ignore
1614684311
Reply with quote  #2

1614684311
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1614684311
Hero Member
*
Offline Offline

Posts: 1614684311

View Profile Personal Message (Offline)

Ignore
1614684311
Reply with quote  #2

1614684311
Report to moderator
1614684311
Hero Member
*
Offline Offline

Posts: 1614684311

View Profile Personal Message (Offline)

Ignore
1614684311
Reply with quote  #2

1614684311
Report to moderator
1614684311
Hero Member
*
Offline Offline

Posts: 1614684311

View Profile Personal Message (Offline)

Ignore
1614684311
Reply with quote  #2

1614684311
Report to moderator
CryptopreneurBrainboss
Legendary
*
Offline Offline

Activity: 1092
Merit: 1762


Extra-ordinary things I'm doing, I'm not ordinary.


View Profile WWW
August 30, 2019, 05:22:43 AM
 #2

That's the trick most of this KYC stealing scammers disguise as exchanges used to steal users personal details. They purposely allow customers to deposit and trade without verifying their identify through KYC then the moment you try withdrawing even funds below 1 BTC they tie you down with KYC procedures. Understandable (source CMC) your fund on the exchange are worth ~$4400, i will suggest you comply to any directive they propose and get on with the KYC, that's the only way to get your funds.

Also did you read the exchange Terms and conditions before signing up? Most exchanges have, the request of KYC verification at any even time as one of their T&C. BTW, the reference exchange url you provided above isn't working.





.
.




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

█████████░░█████████

█████████▄▄█████████

████████████████████

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

██████▄░░░░░▄▄██████

█████▄▄▄▄███████████

████████████████████

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

███████▌▄▄▄▐██████

████████████████████

████████████████████

░██████████████████░
plastick
Member
**
Offline Offline

Activity: 178
Merit: 15


View Profile
August 30, 2019, 06:15:35 AM
 #3

i will suggest you comply to any directive they propose and get on with the KYC, that's the only way to get your funds.

Also did you read the exchange Terms and conditions before signing up? Most exchanges have, the request of KYC verification at any even time as one of their T&C.

That doesn't mean they can keep your funds. I told him release my funds and I just won't trade there, but he would have none of that.

And thanks, I fixed the link
EliseWatoson
Newbie
*
Offline Offline

Activity: 17
Merit: 3


View Profile WWW
August 30, 2019, 07:11:37 AM
 #4

I don't know about you guys, but I always find it weird whenever a project or exchanges registers its domain for only one year - I'd be more inclined than not to think that it's shady. And btcnext's domain is only registered for one year too. https://imgur.com/a/frVmLL3
examplens
Legendary
*
Offline Offline

Activity: 2114
Merit: 1402



View Profile WWW
August 30, 2019, 07:20:22 AM
 #5

Seems you have a two-choice now. You can pass the KYC procedure and try to withdraw your funds, or forget for your coins and this exchange and accept the loss. I agree with you, this exchange does not seem to be trustworthy and give them your personal information but how you believed them and sent that amount to no-name exchange?


I don't know about you guys, but I always find it weird whenever a project or exchanges registers its domain for only one year - I'd be more inclined than not to think that it's shady. And btcnext's domain is only registered for one year too.

Also, they use whois privacy to hide domain ownership, it is not a good practice for any public service.





.
.




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

█████████░░█████████

█████████▄▄█████████

████████████████████

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

██████▄░░░░░▄▄██████

█████▄▄▄▄███████████

████████████████████

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

███████▌▄▄▄▐██████

████████████████████

████████████████████

░██████████████████░
[
Slow death
Hero Member
*****
Offline Offline

Activity: 1848
Merit: 870



View Profile
August 30, 2019, 08:10:48 AM
 #6

Not going to hand over my personal information to a bunch of criminals to sell on the darkweb.

I understand that it is not easy to deliver documents to people on the Internet, because most of these websites are not licensed, they do not have any documents that allow them to collect documents from other people. In your case it seems to me that the owners of this exchange can be found here:

https://www.linkedin.com/company/btcnext-official

there are pictures of them on this link, so you already know who the owners are and you can do KYC

They claim "Yes, we need to know, where did you take so much Noah coins?" Since when was it any of their business? Furthermore if they really wanted to know that they could just look at the transactions. They are using KYC as an excuse to keep funds on their exchange. Also, I didn't even take any noah coins, I BROUGHT IN over 11 MILLION of them so he was just making it up.

If they want KYC/AML they should be doing that BEFORE people deposit their funds, not as an excuse to keep them.

It looks like you don't have good options for trading Noah coins:

https://coinmarketcap.com/currencies/noah-coin/#markets

do KYC and withdraw your coins

████
████
████
████
████
████
████
████

████

████

████

████

████
     ▄▄▄ ▄▄███▄▄
    ███ ▄██████▀▀█▄▄
   ▐██ ▄██████  ▄████▄
   ▐█ ▄███████████████   █▄
   █ ▄█████████████▀▀  ▄███
   ▌▄████████▀▀▀  ▄▄▄████▀
   ▀▀▀▀▀   ▄▄▄██████▀▀ ▄
███████████████▀▀▀  ▄▄██
 ▀███████▄▄▄▄▄▄███████▀
      ▀▀▀▀▀▀▀▀▀▀▄▄███▀
        ▀██████████▄
           ▀▀▀▀ ▄█▀
               █▀
..Blender..
..W A L L E T
████
████
████
████
████
████
████
████

████

████

████

████

████
[BTC
  BTC
.
BTC
Full control
over your funds
             ▄▄████▄▄
         ▄▄████████████▄▄
      ▄██████████ █████████▄
█▀█▄▄▄███████████ █▀█▀██████
▀▀▀         ▀████      ▀████
▀▀▀▀▀▀▀▀█▀▀▄    █ ████  ████
     ▄▄▄ ▀▄ ▀▀▀▀█        ███
     █▄█   ▀▀▀▀▀█ █████  ███
▄▄▄▄▄▄▄▄█▄▄▄▄▄▄▄█       ▄██
   ▄▄▄     ▄█████ █▄█▄████
   █▄█▀▀▀▀███████ ██████▀
            ▀████████▀▀
              ▀▀██▀▀
].ANONYMOUS...............
.SEGWIT ADDRESSES..
.TRUSTED.....................
// /.
       ▄▄████████▄▄
     ▄█████▀▀▀▀█████▄
    ████▀        ▀▀███▄
   ███▀            ▀███  █▄
  ▐███              ▀▀▀▄███
  ▐███            ▄▄▄████▀
  ▀▀▀      ▄▄▄██████▀▀▄
███████████████▀▀▀  ▄▄██
 ▀███████▄▄▄▄▄▄███████▀
      ▀▀▀▀▀▀▀▀▀▀▄▄███▀
        ▀██████████▄
           ▀▀▀▀ ▄█▀
               █▀
.
From the creators of
Blender.io
plastick
Member
**
Offline Offline

Activity: 178
Merit: 15


View Profile
August 30, 2019, 08:27:44 AM
 #7

Well I ended up getting my funds but only after posting this thread and showing it to them. They said if I could prove where I got the coins they would release my funds, which I did.

Just strange that it seemed like their story kept changing and they kept giving me different reasons why they wanted to KYC me.

I understand that it is not easy to deliver documents to people on the Internet, because most of these websites are not licensed, they do not have any documents that allow them to collect documents from other people. In your case it seems to me that the owners of this exchange can be found here:

https://www.linkedin.com/company/btcnext-official


Linkedins can be faked. A lot of scams posted in here had linkedins that looked legit too.

I agree, I think if they want to ask for KYC they should be properly documented as well.
Slow death
Hero Member
*****
Offline Offline

Activity: 1848
Merit: 870



View Profile
August 30, 2019, 11:55:29 AM
 #8

Well I ended up getting my funds but only after posting this thread and showing it to them. They said if I could prove where I got the coins they would release my funds, which I did.

They know this forum has a lot of potential clients and having their image dirty here in this forum shouldn't be a good move. they still have some common sense

Just strange that it seemed like their story kept changing and they kept giving me different reasons why they wanted to KYC me.

This may be a great indication that they wanted to keep your coins. Unfortunately this is a practice that many exchanges have done. That's why we need clear laws on crytos and exchanges must be inspected by governments and must have a license and physical office.




████
████
████
████
████
████
████
████

████

████

████

████

████
     ▄▄▄ ▄▄███▄▄
    ███ ▄██████▀▀█▄▄
   ▐██ ▄██████  ▄████▄
   ▐█ ▄███████████████   █▄
   █ ▄█████████████▀▀  ▄███
   ▌▄████████▀▀▀  ▄▄▄████▀
   ▀▀▀▀▀   ▄▄▄██████▀▀ ▄
███████████████▀▀▀  ▄▄██
 ▀███████▄▄▄▄▄▄███████▀
      ▀▀▀▀▀▀▀▀▀▀▄▄███▀
        ▀██████████▄
           ▀▀▀▀ ▄█▀
               █▀
..Blender..
..W A L L E T
████
████
████
████
████
████
████
████

████

████

████

████

████
[BTC
  BTC
.
BTC
Full control
over your funds
             ▄▄████▄▄
         ▄▄████████████▄▄
      ▄██████████ █████████▄
█▀█▄▄▄███████████ █▀█▀██████
▀▀▀         ▀████      ▀████
▀▀▀▀▀▀▀▀█▀▀▄    █ ████  ████
     ▄▄▄ ▀▄ ▀▀▀▀█        ███
     █▄█   ▀▀▀▀▀█ █████  ███
▄▄▄▄▄▄▄▄█▄▄▄▄▄▄▄█       ▄██
   ▄▄▄     ▄█████ █▄█▄████
   █▄█▀▀▀▀███████ ██████▀
            ▀████████▀▀
              ▀▀██▀▀
].ANONYMOUS...............
.SEGWIT ADDRESSES..
.TRUSTED.....................
// /.
       ▄▄████████▄▄
     ▄█████▀▀▀▀█████▄
    ████▀        ▀▀███▄
   ███▀            ▀███  █▄
  ▐███              ▀▀▀▄███
  ▐███            ▄▄▄████▀
  ▀▀▀      ▄▄▄██████▀▀▄
███████████████▀▀▀  ▄▄██
 ▀███████▄▄▄▄▄▄███████▀
      ▀▀▀▀▀▀▀▀▀▀▄▄███▀
        ▀██████████▄
           ▀▀▀▀ ▄█▀
               █▀
.
From the creators of
Blender.io
plastick
Member
**
Offline Offline

Activity: 178
Merit: 15


View Profile
September 01, 2019, 01:43:33 PM
 #9

Here is an email they sent me:

Code:
Dear Valued Trader,

We have reviewed documents submitted by you in our KYC form and in order to pass the verification process we require additional information regarding the source of funds for your latest transaction on the exchange:

The source of funds report has to describe all actions you have performed with these funds before sending them to BTCNEXT, e.g. purchasing, exchanging, transferring from one address to another.

Kindly present the chain of events in chronological order. Please attach full-display screenshots, which will confirm each step.

Note that screenshots of public blockchain explorers data are not accepted. Please provide the screenshots of your actions on the crypto services that you have used.

For example, in case you have obtained these funds on another crypto trading platform, please provide us with the full-display screenshots of your deposit, trading and withdrawal history on that platform, so that the transaction history of the funds would be clearly displayed.

Please note that we need to see detailed information (hash, address) for each of the mentioned transactions.
  
Kindest regards,

your BTCNEXT team.

My reply

Code:
None of your business.


I mean really, if they want to know so badly, it's not like they can't figure this out on their own. It's a public blockchain.
Pages: [1]
  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!