https://www.reddit.com/r/CryptoBridge/comments/8rzs01/withdrawals_are_still_not_being_processed_there/

[]pedxs 3 points 21 days ago*

The mods already banned me from discord for saying this but here goes..

Sometime last week, their daemon fucked up and sent multiple withdrawals for each real request by the user. Even though this is an error on their code, they decide that the users are at fault, and it is within their right to recover those funds.

I kinda get where they are coming from, but its kinda hypocritical from an exchange that will not recover funds sent internally to null account or withdrawn to wrong address. Imagine you mistype an address when withdrawing from CB, you know full well they will say too bad. But when its their money on the line, the rules are different. Anyway, I digress.

So in an attempt to recover these funds, their plan is to block these users from further withdrawing from CB. They will hold the users fund on CB hostage to ransom for the amount they mistakenly sent to the user's external address. This leads to the second major fuck up. Instead of coming up with a specific criterion to identify these users, they decide to cast a super wide net. I believe the criterion they use is whether the user received, from CB, multiple deposits to the same external address within a short period of time (perhaps within the same day). Of course this leads to multiple false positive. I myself trade several BTC in volume daily on this exchange. I remember during that period LTC was pretty cheap on CB, so I was buying them up every time price dropped and immediately withdrawing to sell on another exchange.

Seems they did not bother to check that I was making legit withdrawals and decide to punish me... simply for being an active user...

______________________________________
that happened to alot of people alongside many issues, you have to read the discord and reddits

meofherethere

Posts

Merits