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RE: Bittrex asking for "Source of Funds" verification?

in LeoFinance5 years ago

According to Reddit your account is frozen and you'll have to provide the info if you even want to cash out. That is some bloodsucker bullshit right there. What a gross invasion of privacy for something that is none of their business. What stops you from lying and saying you're a custodian of the funds for friends and family? Are they then going to tell you to get that same information from every person whose money you protect? Pretty BS.

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Well considering I have been transferring crypto in and out still (including as recently as today), I'd say the "frozen part" is inaccurate.

That's good! But still... weak!

Yep, weak indeed. It usually takes forever for these people to get back to you when you do submit documents anyways.

It's probably not Bittrex's fault. They have regulators breathing down their neck with demands that they put AML/KYC regulations to practice to the regulator's satisfaction.

Yep, I agree that it is probably most likely due to this... ^^^

WTF!

THIS IS THE CRAZIEST SHIT EVER... getting funds out ASAP. FUCKERS

My account isn't currently frozen.

Did you get your funds out without submitting this form? I just got everything out... Never touching bittrex again.

Yes, it was no issue transferring anything out currently. It just looks like I won't be able to use the account any longer 4 days from now unless I comply.

Good, unless you catch this Email too late... 7 days is ridiculous.