John McAfee’s Exchange Enemy HitBTC Accused Of Scam By Bitcoin Developer Luke Dashjr
HitBTC Accused Of Scam By Bitcoin Developer
Luke Dashjr, a Bitcoin Core developer, has recently claimed that HitBTC is a scam and that it is trying to steal the funds from the users because it does not let them withdraw their money from there. Is there any credibility to this accusation? Let’s find out.
The Case Against HitBTC
Dashjr affirmed that the exchange refused to let him take his money back and advised people to take their money off the platform. The problems started as HitBTC demanded some information from him. This information, he affirmed, was not “supposed to concern HitBTC at all”. Also, he said that most users would not be able to provide it even if they wanted to.
Now, the company is closing the accounts of all the users who do not comply with their Know Your Customer (KYC) requirements. Until recently, HitBTC had no KYC process. However, the customers need to agree with KYC measures in order to use the company, even before they were really needed.
The exchange promised to notify the investors in case its rules changed and the Bitcoin Core developer affirmed that he never received any kind of warning at all from the exchange.
HitBTC was somewhat quick to answer to the allegations. The company responded directly to the developer, affirming that most of the trouble with people withdrawing their money was because of the KIN token swap, which was happening at the time.
The exchange also offered Dashjr the opportunity to send his details to them so they could come up with a better way to handle this solution.
This is not the first time that accusations like this one are made against the company. A crypto investor named Trace Mayer has recently complained that the company had frozen his account, too, during the Proof of Keys event. He also encouraged investors to leave the exchange.
Another very prominent scandal involving the company was with John McAfee, the famous crypto troll. Last year, he attacked the company over withdrawal measures regarding the Docademic (MTC) token, which was supported by McAfee at the time. He also sued the company later.