Pretty much. If they'd announce it a bit earlier, heck, I'd even take a 3 day notice rather than no warning at all. If they did put up a notice and if I was a user of the exchange, I would just sigh, withdraw the funds, and probably move on to another exchange. Knowing in my mind that the exchange itself had no choice either but to put up KYC requirements. But then again, chances are that they're simply just very unprofessional, or the more shadier reason- they did it on purpose for their users to actually be forced to submit KYC to have access to their funds.
I'm going with shady on purpose.
That's too bad. I've got some funds there, but not enough for me to sell my identity.
Any warning time, and I would've just withdrawn, and gone about my business.
Guess I'll just have to take a hit on this one. :/
I would contact support demanding that they withdraw your funds. Surely there is some legal consequences to them not withdrawing your funds if you don't want to comply with the KYC. It should be like 30 days to withdraw funds or something. I'd make a huge deal out of it and force them to change their ways or threaten legal action against them. That's really shady.