Re: SCAM EXCHANGE: Openchange (Openchange.cash) (PARTIALLY SOLVED)
It was funny reading you categorising the 10% they retain as a money laundering fee because that is exactly what it seems like 
Terms and conditions (or terms of service) have been used by all sorts of businesses to justify confiscating funds from their own users but in many of those that have been brought here in scam allegations over the years, it is clear by far the majority were cases of selective scamming, And that is what seems to be the case here.
It is absurd Open Change can insert clauses within their Terms that allow them to withhold 10% of funds on the basis of suspicious activity. I have never read anything like that before. Their 9. Other terms clause is equally laughable when they state their website cannot be used for fraudulent and illegal transactions.
Like you, I am also waiting to see what Best Change do next. Will they want to keep their association and affiliation with Open Change? Will they actually read the Terms and Conditions of all the exchanges before listing them, in essence them being vetted before being listed?
Terms and conditions (or terms of service) have been used by all sorts of businesses to justify confiscating funds from their own users but in many of those that have been brought here in scam allegations over the years, it is clear by far the majority were cases of selective scamming, And that is what seems to be the case here.
It is absurd Open Change can insert clauses within their Terms that allow them to withhold 10% of funds on the basis of suspicious activity. I have never read anything like that before. Their 9. Other terms clause is equally laughable when they state their website cannot be used for fraudulent and illegal transactions.
Like you, I am also waiting to see what Best Change do next. Will they want to keep their association and affiliation with Open Change? Will they actually read the Terms and Conditions of all the exchanges before listing them, in essence them being vetted before being listed?
Just laughing at those ToS
So basically if the funds seems to be stolen they are charging a 10% money laundering fee.
I can't wait, hope I don't have to go to discord to see how the wanna-be lawyer saxydev is going to explain how this 10% is a requirement by directive 69 of the FY constitution.
Wait, so if it's forbidden, then why do you accept them and take your 10% money laundering share?
And releases them after taking a 10% cut.
At this point, there is nothing left to debate, scammers, law breakers, liars, so I'm waiting to see bestchange next move...
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7.3 If the analysis of the Payin transaction revealed the presence of these types of high-risk funds and their total percentage was 40% or more, the Company has the right to withhold 10% of the amount of the incoming transaction.
7.4 If the total risk of the incoming transaction is 70% or more, the Company has the right to withhold 10% of the amount of the Payin transaction.
7.4 If the total risk of the incoming transaction is 70% or more, the Company has the right to withhold 10% of the amount of the Payin transaction.
So basically if the funds seems to be stolen they are charging a 10% money laundering fee.
I can't wait, hope I don't have to go to discord to see how the wanna-be lawyer saxydev is going to explain how this 10% is a requirement by directive 69 of the FY constitution.
Quote
9. Other terms.
9.1 It is forbidden to use the OpenChange Company for fraudulent and illegal transactions.
9.1 It is forbidden to use the OpenChange Company for fraudulent and illegal transactions.
Wait, so if it's forbidden, then why do you accept them and take your 10% money laundering share?
Quote
Openchange.me tracks suspicious transactions of the clients and transactions executed under nonstandard conditions. Openchange.me performs its action on the base of AML FATF recommendations.
And releases them after taking a 10% cut.
At this point, there is nothing left to debate, scammers, law breakers, liars, so I'm waiting to see bestchange next move...