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Author Topic: Bitstamp threatening to seize "unverified" accounts  (Read 1164 times)
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November 09, 2014, 08:57:46 PM

Bitstamp, the exchange in Slovenia, is now threatening to seize "unverified" accounts, where verification is defined as sending them a copy of your passport and a utility bill.

If you don't "verify" your account, meaning send them personal information, they say they take your bitcoins and give them to unnamed "regulators".

This is being done to even accounts that involve no cash at all. In other words, if you just send them bitcoins, they will seize them if you are not "verified".

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November 09, 2014, 09:54:43 PM

If anyone is doubting this, here is the source:

We kindly ask all unverified account holders with a balance to get verified within 28 days of this announcement.

Failure to do so constitutes a breach of our Agreement and failure to remedy that breach. This will automatically result in the following: all unverified accounts holding a balance will be terminated, access rights will be removed, and the holders of these accounts will no longer be considered Bitstamp customers.

Any remaining balances will be subject to immediate seizure by and forfeiture to regulatory authorities.
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November 09, 2014, 10:26:35 PM

this is old news, they announved this 1month+ ago
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November 10, 2014, 04:52:58 AM

this is old news, they announved this 1month+ ago
While it is technically "old" news, it is reliant as the time that customers have to verify their accounts is almost up. If customers do not verify their accounts in the very near future they are risking to lose access to their funds on a permanent basis.
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