Quote from: JollyGood on Today at 10:08:06 PM

Quote from: Stalker22 on July 10, 2022, 01:37:10 PM

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.

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. I mean, what could they say to justify it?

They justify it with the screenshot from a random internet webpage. This webpage (AMLBot) is neither an internationally (or nationally) recognized authority, nor is it working with one and it may not even be an actual business. Since even with access to a lot of resources (like what the FBI / CIA has access to), it's extremely hard to (1) tie a certain UTXO to a crime and (2) return the funds to the legitimate owner, all these classification attempts are subjective guesstimations at best and deliberate choices to defraud users.
In the end, they are always used for evil: confiscating funds and keeping them for themselves; so it's a big elaborate thing to steal coins from users. There's no nice way to put it.