Original archived Re: What Happens to your Bitcoin after exchange ceases them for disobedience?
Scraped on 18/04/2025, 17:37:42 UTC
In the terms and policies of some centralized exchange, they stated that they don't accept Bitcoins from an untrusted source such as mixers or a wallet that has been flagged, some exchange even stated that they don't accept Bitcoins from casinos.
So, if any customer disobeys those rules and send Bitcoin from the mixer or any sources that the exchange doesn't want, they will block the persons account and the customer could lose their coins forever.
The exchange are doing so to protect their image too based on the government policies, I guess.
So, when they cease those coins, how sure are we that they will take it to the government?
It is not us that needs to check this because they will get in trouble with the government if they do not follow what they are supposed to do. I also do not know if there is any way we can actually check. Just from the title of your thread, this is the answer I have found:
If sufficient evidence is found, authorities collaborate with cryptocurrency exchanges or custodians to prepare a seizure warrant to obtain judicial authorization to seize the assets by transferring them to government-controlled wallets or freezing them until legal proceedings conclude.