⭐ Merited by NotATether (18) ,hugeblack (6) ,paid2 (1) ,Knight Hider (1) ,dkbit98 (1) ,examplens (1) ,livingfree (1)
Press release on BKA website: https://www.bka.de/DE/Presse/Listenseite_Pressemitteilungen/2024/Presse2024/240919_PM_finalexchange.html
The funny part is prosecutors saying the platforms allowed users to exchange cryptocurrencies without following applicable KYC regulations while all of them pretended to have strict AML/KYC policies on their sites which allowed them to scam their users for many years by seizing coins due to high risk scores. This is why I always recommended to many of such to stop doing so (both on this forum and directly), because independently of the shiny AML/KYC policies written on their websites they're still operating illegally due to lack of company registration and/or appropriate license. All of them used AMLBot and most of them were WhiteBIT resellers.
At least 5 of these websites when I used them in the past seized my BTC from coinjoins due to high risk scoring by the platform they use (AMLBot), with Bestchange supporting their decision to not return coins to me when I complained there. Not significant amounts but I still considered them scammers.
All of their reps and Bestchange admin personally were for years convincing the general public that all these exchangers are following FATF and FATCA rules (that never really applied to any of them), which seemed to be proven otherwise by BKA.
This is yet another lesson for Bestchange and their affiliates that pretending to have AML/KYC and being enemy of Bitcoin promoting dirty/clean coin separation while operating anonymous websites isn't a very good business model. You are either being honest with everyone or you just better don't do business at all. Simple.
On additional note, one of them even has official thread: EasySwap.biz - fresh exchange format
Here are some old screenshots from Bestchange with user complaints (in russian) of Xchange[.]cash, Bankcomat[.]com, Prostocash[.]com, YChanger[.]org illegally seizing funds that eventually were switched from red to neutral by Bestchange:
If you open each Bestchange review page of almost any exchanger from BKA's list, you will find a lot more of these.
The funny part is prosecutors saying the platforms allowed users to exchange cryptocurrencies without following applicable KYC regulations while all of them pretended to have strict AML/KYC policies on their sites which allowed them to scam their users for many years by seizing coins due to high risk scores. This is why I always recommended to many of such to stop doing so (both on this forum and directly), because independently of the shiny AML/KYC policies written on their websites they're still operating illegally due to lack of company registration and/or appropriate license. All of them used AMLBot and most of them were WhiteBIT resellers.
At least 5 of these websites when I used them in the past seized my BTC from coinjoins due to high risk scoring by the platform they use (AMLBot), with Bestchange supporting their decision to not return coins to me when I complained there. Not significant amounts but I still considered them scammers.
All of their reps and Bestchange admin personally were for years convincing the general public that all these exchangers are following FATF and FATCA rules (that never really applied to any of them), which seemed to be proven otherwise by BKA.
This is yet another lesson for Bestchange and their affiliates that pretending to have AML/KYC and being enemy of Bitcoin promoting dirty/clean coin separation while operating anonymous websites isn't a very good business model. You are either being honest with everyone or you just better don't do business at all. Simple.
On additional note, one of them even has official thread: EasySwap.biz - fresh exchange format
Here are some old screenshots from Bestchange with user complaints (in russian) of Xchange[.]cash, Bankcomat[.]com, Prostocash[.]com, YChanger[.]org illegally seizing funds that eventually were switched from red to neutral by Bestchange:
If you open each Bestchange review page of almost any exchanger from BKA's list, you will find a lot more of these.