Scam Report Against CryptoXchange $100k USD

[cryptoxchange]

Caught something here. They advised, keyword: advised. Meaning that it's completely up to you whether or not to comply with their advice, return the guys money. Stop making excuses.

Advised = if you don't do it, you'll go to jail. That's what it means in this case.

This guy may or may not be the Linode hacker, but he sure as hell knows who the Linode hacker is.

Yes he does, and this is a separate matter all together!

[Maged]

Caught something here. They advised, keyword: advised. Meaning that it's completely up to you whether or not to comply with their advice, return the guys money. Stop making excuses.

Advised = if you don't do it, you'll go to jail. That's what it means in this case.

This guy may or may not be the Linode hacker, but he sure as hell knows who the Linode hacker is.

Who are you referring to OP or CryptoXchange?

The OP. Try reading between the line. The red-flags of money laundering here for the OP are numerous.

[caveden]

Just send him back his BTC and quite trying to be the fucking Bitcoin Police

That's probably the best way out of it.

[Liberty Payout]

Caught something here. They advised, keyword: advised. Meaning that it's completely up to you whether or not to comply with their advice, return the guys money. Stop making excuses.

Advised = if you don't do it, you'll go to jail. That's what it means in this case.

This guy may or may not be the Linode hacker, but he sure as hell knows who the Linode hacker is.

Who are you referring to OP or CryptoXchange?

The OP. Try reading between the line. The red-flags of money laundering here for the OP are numerous.

So Crypto should return the coins. There is no law against that.

[Maged]

Just send him back his BTC and quite trying to be the fucking Bitcoin Police, you scamming idiots.

Has it occurred to you that this all happen because of the police? The wire was stopped at the bank, not CryptoXchange. The bank is the one that is requiring the documents. And they can't just convert the funds to BTC, because MtGox is on their ass too.

[sd]

CryptoXchange,

Just so we can better understand your viewpoint on this can you explain why you legally need his proof of ID?

[repentance]

Advised = if you don't do it, you'll go to jail. That's what it means in this case.

This guy may or may not be the Linode hacker, but he sure as hell knows who the Linode hacker is.

Most likely it means that they will not be protected by the safe harbour provisions of the AML/CTF Act if they do not perform appropriate ongoing customer due diligence in relation to this customer - that requires them to take satisfactory measures to establish the true identity of the customer and the destination of funds according to the AML/CTF Rules Instrument which derives its authority from the Act.

[Fuzzy]

Just send him back his BTC and quite trying to be the fucking Bitcoin Police

That's probably the best way out of it.

That's not what "cryptoxchange" wants. They'll do whatever, as long as they get to keep the money and the coins.

I guess everyone has a price, and $100,000 was enough for cryptoxchange.

[caveden]

AML / CFT / KYC is very important in Australia, there is a lot more to this than is shown, we are doing what we legally have to do

Care to show what's not shown?
Have you received a court order or a police order telling you to seize this money or freeze this account?

And why telling him that the money's on the way if it isn't? The same way he's refusing to send you notarized documents, it seems by the pictures you've avoided sending him wire receipts.

[Liberty Payout]

AML / CFT / KYC is very important in Australia, there is a lot more to this than is shown, we are doing what we legally have to do

Care to show what's not shown?
Have you received a court order or a police order telling you to seize this money or freeze this account?

And why telling him that the money's on the way if it isn't? The same way he's refusing to send you notarized documents, it seems by the pictures you've avoided sending him wire receipts.

+1. Let's see how he replies.

[caveden]

Has it occurred to you that this all happen because of the police? The wire was stopped at the bank, not CryptoXchange. The bank is the one that is requiring the documents. And they can't just convert the funds to BTC, because MtGox is on their ass too.

You know this for a fact or you're supposing?

I have a hard time believing the bank would be aware of "stolen bitcoins". Red flags would only be raised on their end if perhaps the account the wire was going to was "marked" somehow.
And if that was the case, I guess CryptoXChange could just say that and relief the burden of his shoulders ("it's the bank, not us! here's proof..").

[Maged]

AML / CFT / KYC is very important in Australia, there is a lot more to this than is shown, we are doing what we legally have to do

Care to show what's not shown?
Have you received a court order or a police order telling you to seize this money or freeze this account?

Here's the thing with AML law: CryptoXchange legally can't tell someone that they're being investigated.

And why telling him that the money's on the way if it isn't? The same way he's refusing to send you notarized documents, it seems by the pictures you've avoided sending him wire receipts.

Because the money was on the way. It was the bank that flagged the transaction, after the wire request was submitted.

[Phinnaeus Gage]

AML / CFT / KYC is very important in Australia, there is a lot more to this than is shown, we are doing what we legally have to do

Care to show what's not shown?
Have you received a court order or a police order telling you to seize this money or freeze this account?

And why telling him that the money's on the way if it isn't? The same way he's refusing to send you notarized documents, it seems by the pictures you've avoided sending him wire receipts.

+1. Let's see how he replies.

+1. You bastard! You beat me to posting the same.

~Bruno~

[Maged]

Has it occurred to you that this all happen because of the police? The wire was stopped at the bank, not CryptoXchange. The bank is the one that is requiring the documents. And they can't just convert the funds to BTC, because MtGox is on their ass too.

You know this for a fact or you're supposing?

Assuming that Ken wasn't lying in the logs, it is just about a fact. If you read the logs carefully you'll see that this is mentioned indirectly several times.

Nothing about the logs makes me think that Ken is lying.

[Liberty Payout]

AML / CFT / KYC is very important in Australia, there is a lot more to this than is shown, we are doing what we legally have to do

Care to show what's not shown?
Have you received a court order or a police order telling you to seize this money or freeze this account?

Here's the thing with AML law: CryptoXchange legally can't tell someone that they're being investigated.

And why telling him that the money's on the way if it isn't? The same way he's refusing to send you notarized documents, it seems by the pictures you've avoided sending him wire receipts.

Because the money was on the way. It was the bank that flagged the transaction, after the wire request was submitted.

Why can't he provide receipts then. Some evidence to feast our eyes upon.

[Phinnaeus Gage]

AML / CFT / KYC is very important in Australia, there is a lot more to this than is shown, we are doing what we legally have to do

Care to show what's not shown?
Have you received a court order or a police order telling you to seize this money or freeze this account?

Here's the thing with AML law: CryptoXchange legally can't tell someone that they're being investigated.

And why telling him that the money's on the way if it isn't? The same way he's refusing to send you notarized documents, it seems by the pictures you've avoided sending him wire receipts.

Because the money was on the way. It was the bank that flagged the transaction, after the wire request was submitted.

And it's clearly seen that that is why Ken has initiated each and every conversation, keeping his client well informed. That fact alone makes me believe that WME is trying to pull a fast one.

~Cackling Bear~

[Maged]

AML / CFT / KYC is very important in Australia, there is a lot more to this than is shown, we are doing what we legally have to do

Care to show what's not shown?
Have you received a court order or a police order telling you to seize this money or freeze this account?

Here's the thing with AML law: CryptoXchange legally can't tell someone that they're being investigated.

And why telling him that the money's on the way if it isn't? The same way he's refusing to send you notarized documents, it seems by the pictures you've avoided sending him wire receipts.

Because the money was on the way. It was the bank that flagged the transaction, after the wire request was submitted.

Why can't he provide receipts then. Some evidence to feast our eyes upon.

Because the wire never left the bank - it was only ever a request, and the bank denied it.

[caveden]

Because the wire never left the bank - it was only ever a request, and the bank denied it.

Wire requests normally produce receipts too.
Posting the receipts would prove CryptoXChange was telling the truth about having submitted the wires. And I can't believe that's illegal...

[Maged]

Because the wire never left the bank - it was only ever a request, and the bank denied it.

Wire requests normally produce receipts too.
Posting the receipts would prove CryptoXChange was telling the truth about having submitted the wires. And I can't believe that's illegal...

1) They can't directly say that the bank is who triggered the AML request. Showing the receipt would absolutely prove that.
2) They submit the wire requests in large batches. Giving us the receipt would reveal the transactions of others.

Honestly, this is an issue that's well beyond the court of public opinion. I support the OP in wanting to do a lawsuit, as that is the only way that both sides could lay all their cards on the table.

[Liberty Payout]

AML / CFT / KYC is very important in Australia, there is a lot more to this than is shown, we are doing what we legally have to do

Care to show what's not shown?
Have you received a court order or a police order telling you to seize this money or freeze this account?

Here's the thing with AML law: CryptoXchange legally can't tell someone that they're being investigated.

And why telling him that the money's on the way if it isn't? The same way he's refusing to send you notarized documents, it seems by the pictures you've avoided sending him wire receipts.

Because the money was on the way. It was the bank that flagged the transaction, after the wire request was submitted.

Why can't he provide receipts then. Some evidence to feast our eyes upon.

Because the wire never left the bank - it was only ever a request, and the bank denied it.

Image 16. If Crypto thought he was laundering why would he ask the OP to help him get cheap coins, why try to engage in a joint venture with the OP's business?