Quote from: xtraelv on April 02, 2019, 10:07:52 AM

You used method Binance uses in dealing with accounts as the "model" they should follow. Binance are not following any legal process. Binance avoids being regulated and creates the processes themselves.
Lets just archive this and revisit my comments in 2 years time and see what has developed and see if Binance is still the poster child you claim it to be.

This example was used just to show how a respactable exchange can follow a transparent legal procedure in case of blocking users' funds.

This is not what this topic was created for. I'm posting all this to let users withdraw their funds prior blocking and not to end up hostages of the situation. But to decide freely whether they want to pass a KYC-check or not!
Along the way, I was glad to reveal some more scam-technics of this exchange.

Quote from: xtraelv on April 02, 2019, 10:07:52 AM

Never leave funds on an exchange longer than you have to. If you don't control the keys - you don't control the funds.

It's a good point. But it's an ideal behavior, which you probably won't be able to stick to all the time. But we can always keep it in mind.

Quote from: xtraelv on April 02, 2019, 10:07:52 AM

Quote from: DiHunter on March 26, 2019, 11:28:34 PM

In addition, other clearly fraudulent practices are used by Tradesatoshi: https://bitcointalk.org/index.php?topic=5118992.msg50347951#msg50347951

You mention both BTCP and COLX in that post.

BTCP was 51% attacked and COLX appears to have had a fake stake attack.

I agree that raising the withdrawal fee just before delisting looks suspect. They probably lost funds on both of them. Exchanges are the usual targets because it is easy to convert to other crypto before the new chain is broadcast.

How much was used to broadcast the transaction on th blockchain ?

It is probably the reason they have gone to mandatory KYC. Attackers use unverified accounts to withdraw the crypto stolen during such an attack.

It's an old story with this attack. I have no info, has Tradesatoshi lost something or not. Even if they had losses, they have no right to compensate them by robbing their own users. It only shows once more that they are ready to improve their financial situation at the expense of their users, not hesitating in choosing the means.
I doubt KYC will stop a professional hacker. Documents for KYC are traded on the black market. Professional staff and constant monitoring of the situation in the cryptosphere is much more useful. This is all idle speculation, offcourse.
As I said, and I repeat, KYC is not a problem, the issue is how the exchange implements it.

Have checked another few delisted coins, many have similar trend:

If someone is wondering, what all these pics are about, feel free to read this https://bitcointalk.org/index.php?topic=5118992.msg50347951#msg50347951