Quote from: nutildah on Today at 12:21:28 AM

Quote from: kaefergeneral on September 01, 2020, 02:16:52 PM

4.) But even after I did go through full KYC they are not releasing my funds.

That's not right at all... You should be allowed to withdraw your funds to the address you sent them from, at the very minimum. What I recommend is to post a comment describing your situation in their main thread and see if the KuCoin Exchange account replies to you. They may be able to help you out quite a bit as they were just online today. If that doesn't work, reply back here and I will help you to open a formal scam accusation against them, which might stimulate them into action.

Quote from: M-BTC on September 01, 2020, 02:33:16 PM

Depositing and withdrawing funds, without making trades, is a huge AML red flag. Exchanges are basically huge mixers. If you deposit funds into an exchange and withdraw those funds there is no way to trace where the funds are going.

Not a valid excuse to hold somebody's funds without any sort of way to get them back. Exchanges are only decent mixers if they are completely anonymous, like a DEX, and even then there's ways to see who got what, where its been, and where its going. Exchanges that ask for KYC are the exact opposite of mixers.

And of course there's a way to trace where the funds are going, its called blockchain analytics.

They even state in their own TOS that they can decide to close accounts and return the funds where they came from.
So that's exactly what I told them to do. If they don't want to service me they should just close my account and send the tokens back to the account I deposited them from.

This doesn't change though, that their whole ask is stupid.
I went through their stupid KYC, and everything involving this transaction is known.
They know who the wallet that paid me belongs to.
They know why I am getting funds and they know who I am.

The ECDD questionary would not cover any of this.
But what it would do is tell them my employer info, my annual income, my address, give them a copy of my handwritten signature, and the name of my Bank.
In addition to my phone number. This is a serious honeypot of data they ask of me.