Post
Topic
Board Exchanges
Re: BEWARE: igot.com is either running a scam or is out of cash
by
RenegadeMan
on 24/07/2015, 04:46:38 UTC
Update (as of 20 July):
  • Igot owes me close to USD16K for more than 75 days.

Thanks so much for starting this thread igot_user_03773356 and I'm so sorry to hear of this disastrous delay in getting your funds out of iGot. I was a customer of theirs up until about 6 months ago when yet another ridiculously stupid mishandling of something just pushed me over the edge and I couldn't stand dealing with them any more. I (thank goodness) never had the massive delays you and others on here are now experiencing but their processes and explanations for why something didn't work or why my funds didn't arrive as expected (or a dozen other very silly things I kept experiencing) just started to drive me quite mad and I wondered how many other people must have been experiencing the same sort of stupidity.

So, having not logged on for a while. I thought I'd log back in to see if anything material had changed and whether I might use them to convert some BTC to fiat. Logged on last night and saw these warning banners:



Oh dear....

Did some quick Googling and found this thread. Thank goodness you've posted here, not that I would have even dreamed of sending BTC to an exchange advising they should have their fiat withdrawals caught up in about 2 weeks' time!

I would say they're collapsing. The fact they've had so much trouble with their banks and have had to change accounts tells me the banks they use are dissatisfied with how they've been running their accounts and are seeing risky/poor handling that's beyond what the bank will tolerate. I don't believe a bank would just suddenly pull their accounts on them without a serious reason for the bank to be concerned. I mean if they're a successful business and they're operating correctly with the bank making the usual fees off their account, why would the bank suddenly close their accounts and suggest "it's because of Bitcoin"? Something far more troubling is going on and, based on my experience, I can just imagine all sorts of mistakes and bumbling actions have occurred that's caused their banks to disconnect. There's a whole lot more to this story we're not being told.

All-in-all it's not looking good. I truly hope you do get your $16K returned. To anyone else thinking things are likely to improve and it will all be okay again, I'd suggest use your common sense and consider just how completely unacceptable it is for a customer that's been given personal guarantees by Rick Day to be left hanging for 75+ days. It's a no brainer: use a different exchange.