[..]
Second:
No exchange can confiscate your funds legally without a court order, they can freeze your account for a period but doing so because you have failed KYC would require them to inform the authorities where they operate about this transaction immediately. There is no such thing as these funds look stolen then we freeze it and we unfreeze it the moment you send us a pic of an id, this is illegal on so many levels it doesn't even need to be discussed.
That's what qualifies their behavior for a scam accusation. It's odd that this exchange isn't open about who they are, where they are, and all of that, but at the same time demands information from their customers.Second:
No exchange can confiscate your funds legally without a court order, they can freeze your account for a period but doing so because you have failed KYC would require them to inform the authorities where they operate about this transaction immediately. There is no such thing as these funds look stolen then we freeze it and we unfreeze it the moment you send us a pic of an id, this is illegal on so many levels it doesn't even need to be discussed.
The funds have an AML score of 94.89999999999999 according to my system. It is clearly 100% money laundering and they had all the right to take your funds if they have any kind of AML policy.
Please do quote any law from any country, territory, or fantasy world on this planetthat says something like this , since FATF says something different
Real-life picure of saxydev:
ToS terms don't grant you power beyond the law, nor can they shield you from complaints or lawsuits.
Of course, this is a no-name exchange with no location and no physical address but normally such ToS wound't stand a chance in any civil or criminal case.
That's good to keep in mind! On the other hand, I doubt anyone is interested in going to court against an exchange unless it's BTC1+ ...Of course, this is a no-name exchange with no location and no physical address but normally such ToS wound't stand a chance in any civil or criminal case.