Post
Topic
Board Trading Discussion
Re: Has any exchange forced you.to do KYC or the third level KYC?
by
shinratensei_
on 31/05/2025, 04:36:38 UTC
...But for confiscation of money I have never experienced it and hope it will never happen and this is something we should avoid...

I myself was surprised that after my wife's account was blocked on OKX, she received a letter that her cryptocurrency could not be withdrawn from the exchange and she would remain there as long as the lock was in effect. I have never seen anything like this before, so that would not allow  to withdraw crypt from the exchange after blocking account.


That's really bad, how can an exchange withheld fund easily like that is still what makes me confused.
They should've allowed for withdrawal because it's not their money in the first place.
As always it's reminder that if our money is in CEX, that means its not really our money to begin with because cex can do something like this.