Re: SCAM EXCHANGE: Openchange (Openchange.cash) (PARTIALLY SOLVED)
Yes you are pretty much spot on but there is confusion as to how they selected 10% as a figure they would confiscate in the event they believed they were dealing with stolen crypto.
Furthermore, there was no real meaningful justification given why they would return 90% of alleged stolen crypto however retain 10% for themselves.
Did I understand this correctly? Some obscure cryptocurrency exchange gives itself the right to confiscate the funds from their customers based of an analysis of some self-proclaimed blockchain (anti)analysts who, incidentally, have absolutely no legal weight whatsoever? It is unacceptable for the exchange to make such a decision and, more importantly, to retain control over customer's assets.
The only thing I think should be done in this case is to flag the Openchange.cash exchange as malicious and warn any traders away from it.
The only thing I think should be done in this case is to flag the Openchange.cash exchange as malicious and warn any traders away from it.