Re: SCAM EXCHANGE: Openchange (Openchange.cash) (PARTIALLY SOLVED)
So, in summary, the AML report:
- shows the TX ID.
- shows the amount of bitcoin that is deposited to openchange dot cash, may I assume?
- shows groups of risk score.
- shows that the risk score of that transaction is 94.9%, with no explanation.
- colors it red.
- somehow concludes it's de facto stolen.
Perhaps, a little explanation might clear up the situation. You're likely going to get a feedback of the same color, though.
I find it hilarious that they wave around some random 'tainting service database website' evaluation as if it was definitive proof of anything. - shows the TX ID.
- shows the amount of bitcoin that is deposited to openchange dot cash, may I assume?
- shows groups of risk score.
- shows that the risk score of that transaction is 94.9%, with no explanation.
- colors it red.
- somehow concludes it's de facto stolen.
Perhaps, a little explanation might clear up the situation. You're likely going to get a feedback of the same color, though.
This is so unprofessional - either the people behind OpenChange are clueless of how all of this works or they are actually malicious. In both cases definitive signs of a service to avoid.
I don't have to explain why such a website link is no proof of anything. But just to reiterate: anyone can set up a little web server that does basic parsing of transactions and give them some random score. For all we know, such blockchain analysis can be (and often are confirmed to be) close with governments and other authorities; meaning they can directly censor people if we accept such websites' opinions as truth.
Most probably in this case, they flag anything that looks like it comes from ChipMixer as '95% risk' or whatever. I will check later with a ChipMixer withdrawal. Even if someone tumbled stolen coins through CM, there would be no way to return those funds to the legitimate owner, so there is no legit use in freezing them.
It appears that they use the AMLBot API to check for "tainted" or "high risk" coins, but I can't verify these results because it's a paid service.
According to the website, AMLBot is operated by AML CORPORATION LIMITED, UK
To OpenChange; if you're reading this: if the exchange you work with, uses such explanations to steal your funds; and then you try to pass these costs on to your customers, I'm sorry, but you're the stupid party in this business relationship. Your customers know that all this 'tainting talk' and 'risky transactions' is bullshit. Like: how is a Bitcoin transaction risky for you? It's the most irreversible way of transfering money; you got your coins, you're done. No amount of 'alleged risk' will result in an actual risk to your company.
I definitely agree with this. Judging by all of the above, OpenChange should be flagged for illegal misappropriation of user funds and avoided at all costs.