Topic: Intersango Bullshit (Read 6552 times)
Intersango may owe you money. You might like to know that Patrick Strateman embezzled over 50 million dollars of bitcoin from thousands of people. A co-founder has written up these new revelations, and his struggle to bring them to light in the hopes that people will get their money back. That can be found at the website paypeoplepatrick d0t com
I know that accounts will only be restricted if there is very direct proof of illegal activity or a direct admission of intent to do something illegal.
Hi Patrick! My account has been restricted for some time, and according to you, I must be doing or intending to do something illegal.
How exciting! What is it I'm doing?
I transferred 125€ and after 9 days still nothing. I opened i ticket, customer support said admin will have to look at it. Then 2 days passed and still nothing. Within EU, SEPA does not take more than 4 days (Max!) my bank says. They keep referring me to some "administrator" but that's it. Nobody has contacted me or told me when will the question be resolved. This kind of "businessmen" are very bad for BTC future. Now im buying only from another person and via escrow, so everything is traceable and legit.
I would not recommend using their service, nor will i EVER use their services. Today i sent them a reply, that if i wont get an answer what is going on and when will money be transferred then im going to police. Its a fraud!
If they cant handle their business (delays, problems with IT or whatever then just return my money).
update: Chris from Intersango let me know today that they have a major backlog, because of some sort of problems with UK banks. Seems i have no other alternative- just have to wait.. and hope.
update 2: Ok, after the cage rattling i finally got my money on the account. Will try to retrieve it now, so nothing else wouldn't go wrong. Would i use them again? I think no.
In conclusion: if you want to buy or sell BTC, use some other site that provides fast and accurate transactions o buy/sell on person to person basis.
I would not recommend using their service, nor will i EVER use their services. Today i sent them a reply, that if i wont get an answer what is going on and when will money be transferred then im going to police. Its a fraud!
If they cant handle their business (delays, problems with IT or whatever then just return my money).
update: Chris from Intersango let me know today that they have a major backlog, because of some sort of problems with UK banks. Seems i have no other alternative- just have to wait.. and hope.
update 2: Ok, after the cage rattling i finally got my money on the account. Will try to retrieve it now, so nothing else wouldn't go wrong. Would i use them again? I think no.
In conclusion: if you want to buy or sell BTC, use some other site that provides fast and accurate transactions o buy/sell on person to person basis.
So I guess no updates on this, very annoying to leave it like this.
If you start it, end it, its like watching 50% of a movie.
If that guy dissapeared, maybe intersango could update it I guess, so we know whats up with the money.
Mentioning SR was pretty stupid, but without actually purchasing drugs, or doing something illegal, it is just a simple transfer to a bitcoin address, so I do not see any reason for locking the account. The law needs to handle this, not the exchange service. I hope intersango does not start mtgoxing people, if this story is true of course.
If you start it, end it, its like watching 50% of a movie.
If that guy dissapeared, maybe intersango could update it I guess, so we know whats up with the money.
Mentioning SR was pretty stupid, but without actually purchasing drugs, or doing something illegal, it is just a simple transfer to a bitcoin address, so I do not see any reason for locking the account. The law needs to handle this, not the exchange service. I hope intersango does not start mtgoxing people, if this story is true of course.
Well to end the storyline: In the end they recently (few days ago) traded my bitcoins at the current market price for GBP then asked me for my account number, sort code etc. Then once I gave the details they sent me my total account balance back to me.
So I would say the bitcoin exchange is probably safe. But should something go wrong (because of you being a bit of an idiot or otherwise) then I doubt you can rely on their so called excellent customer services.
Sorry to Intersango for being a bit of a dick about this issue. .
I won't be visiting here again, I just felt I had a duty to clear this up as opposed to what I see many arseholes do: not bothering because there is no personal benefit to gain from it.
Very glad you at least got your money back in the end.
So I guess no updates on this, very annoying to leave it like this.
If you start it, end it, its like watching 50% of a movie.
If that guy dissapeared, maybe intersango could update it I guess, so we know whats up with the money.
Mentioning SR was pretty stupid, but without actually purchasing drugs, or doing something illegal, it is just a simple transfer to a bitcoin address, so I do not see any reason for locking the account. The law needs to handle this, not the exchange service. I hope intersango does not start mtgoxing people, if this story is true of course.
If you start it, end it, its like watching 50% of a movie.
If that guy dissapeared, maybe intersango could update it I guess, so we know whats up with the money.
Mentioning SR was pretty stupid, but without actually purchasing drugs, or doing something illegal, it is just a simple transfer to a bitcoin address, so I do not see any reason for locking the account. The law needs to handle this, not the exchange service. I hope intersango does not start mtgoxing people, if this story is true of course.
Well to end the storyline: In the end they recently (few days ago) traded my bitcoins at the current market price for GBP then asked me for my account number, sort code etc. Then once I gave the details they sent me my total account balance back to me.
So I would say the bitcoin exchange is probably safe. But should something go wrong (because of you being a bit of an idiot or otherwise) then I doubt you can rely on their so called excellent customer services.
Sorry to Intersango for being a bit of a dick about this issue. .
I won't be visiting here again, I just felt I had a duty to clear this up as opposed to what I see many arseholes do: not bothering because there is no personal benefit to gain from it.
I think the implications are more "irritating" than "disturbing". OP shouldn't have mentioned SR. I wouldn't be surprised if the guys at Intersango rolled their eyes and thought "Damn, why did you mention *that*, now WTF do we do". They're playing ball in two courts at once and OP crossed the line.
edit: I think OP should change the title of this thread (if possible). Calling something a scam just because it steps on your toes is an overreaction, and, in this case, has portrayed OP in a much worse light that he was trying for with intersango.
The chances that something illegal will happen might be slightly higher when withdrawing to a SR address rather than to some other address. Then again, I didn't have my credit card issuer freeze my card because I used it to get cash from an ATM, even though cash also creates a higher chance of something illegal will happen, when compared to using the card to pay in a store.
I think it is no surprise that people get upset and talk about "scam" since it seems to become common practise among exchange operators to let all deposits go through and to only disclose the fact that an account was frozen when someone tries to withdraw money. This policy creates money for the exchanges by withholding important information from customers. Something like this is commonly called "scam".
I'm interested in seeing if experiences like this will also come up on non-newbie forums...
So I guess no updates on this, very annoying to leave it like this.
If you start it, end it, its like watching 50% of a movie.
If that guy dissapeared, maybe intersango could update it I guess, so we know whats up with the money.
Mentioning SR was pretty stupid, but without actually purchasing drugs, or doing something illegal, it is just a simple transfer to a bitcoin address, so I do not see any reason for locking the account. The law needs to handle this, not the exchange service. I hope intersango does not start mtgoxing people, if this story is true of course.
+1 If you start it, end it, its like watching 50% of a movie.
If that guy dissapeared, maybe intersango could update it I guess, so we know whats up with the money.
Mentioning SR was pretty stupid, but without actually purchasing drugs, or doing something illegal, it is just a simple transfer to a bitcoin address, so I do not see any reason for locking the account. The law needs to handle this, not the exchange service. I hope intersango does not start mtgoxing people, if this story is true of course.
wow... never using intersango
So I guess no updates on this, very annoying to leave it like this.
If you start it, end it, its like watching 50% of a movie.
If that guy dissapeared, maybe intersango could update it I guess, so we know whats up with the money.
Mentioning SR was pretty stupid, but without actually purchasing drugs, or doing something illegal, it is just a simple transfer to a bitcoin address, so I do not see any reason for locking the account. The law needs to handle this, not the exchange service. I hope intersango does not start mtgoxing people, if this story is true of course.
If you start it, end it, its like watching 50% of a movie.
If that guy dissapeared, maybe intersango could update it I guess, so we know whats up with the money.
Mentioning SR was pretty stupid, but without actually purchasing drugs, or doing something illegal, it is just a simple transfer to a bitcoin address, so I do not see any reason for locking the account. The law needs to handle this, not the exchange service. I hope intersango does not start mtgoxing people, if this story is true of course.
Intersango is a bunch of scam artists.
I always hear to stay away from them.
I always hear to stay away from them.
Says the guy who buys bitcoin with paypal...
Are those paypal accounts phished?
Intersango is a bunch of scam artists.
I always hear to stay away from them.
I always hear to stay away from them.
Any updates? I guess Intersango fixed it. I have done two BTC to SEPA transfers which where carried out fast.
I bet they would love this thread at the SR forums
OP: That was a stupid thing to say...
OP: That was a stupid thing to say...
Any updates?
This is worrying.
This is worrying.
edit: I think OP should change the title of this thread (if possible). Calling something a scam just because it steps on your toes is an overreaction, and, in this case, has portrayed OP in a much worse light that he was trying for with intersango.
Well it sounds like a scam to me, freezing my account AFTER I made a deposit during this bizarre period where I could deposit, exchange but most certainly not withdraw? A period where I couldn't even get an answer as to why I couldn't withdraw my coins? Not a proper word back from them since this started? Note that I'm leaving aside the question of whether blocking *you* was justified or not; I'm just talking about the technicalities of how to go about blocking an account once it has been determined that an account should be blocked.
Right well I can't see under what sort of circumstance you would know if someone is being scammed; where someone is clearly stating "I am swindling your money" perhaps? In most cases one can only assume if someone is scamming you.
Anyhow if your so certain I havn't been scammed and this has just been one big silly error then why have I STILL not had ANY response from them?
edit: I think OP should change the title of this thread (if possible). Calling something a scam just because it steps on your toes is an overreaction, and, in this case, has portrayed OP in a much worse light that he was trying for with intersango.
Well it sounds like a scam to me, freezing my account AFTER I made a deposit during this bizarre period where I could deposit, exchange but most certainly not withdraw? A period where I couldn't even get an answer as to why I couldn't withdraw my coins? Not a proper word back from them since this started? Note that I'm leaving aside the question of whether blocking *you* was justified or not; I'm just talking about the technicalities of how to go about blocking an account once it has been determined that an account should be blocked.
edit: I think OP should change the title of this thread (if possible). Calling something a scam just because it steps on your toes is an overreaction, and, in this case, has portrayed OP in a much worse light that he was trying for with intersango.
Well it sounds like a scam to me, freezing my account AFTER I made a deposit during this bizarre period where I could deposit, exchange but most certainly not withdraw? A period where I couldn't even get an answer as to why I couldn't withdraw my coins? Not a proper word back from them since this started?
I suppose I can understand their stance from a certain point of view but how they went about closing off my account is what I think is wrong for sure. They never told me when I broke their T&C they never told me they made my account unable to send bitcoins whilst I was perfectly able to trap my funds with a deposit this so called A* support team didn't inform me of anything during this period, all I got from Intersango was an email letting me know that my deposit just got added to my account. How charming. As well as this the customer service has been a joke and I STILL haven't heard a word back from them.
But if they want to enforce that silly meagre 42 word "provision" then fair enough! But by the same terms of service that very provision comes from, my account should have been closed off, just as they jolly well did shortly after I deposited. I should not have been able to make any deposits let alone trade my deposit for bitcoins whilst only being unable to do one thing (which was of course to withdraw the exchanged funds).
Why, Intersango, did I have this silly period where I could deposit but not withdraw before they decided to simply shut down my account completely? Since I haven't heard a word back from your so called brilliant support team.
I didn't deposit much at all but It's my hard earned money none the less and they have absolutely no right to simply steal it from my very hands.
But if they want to enforce that silly meagre 42 word "provision" then fair enough! But by the same terms of service that very provision comes from, my account should have been closed off, just as they jolly well did shortly after I deposited. I should not have been able to make any deposits let alone trade my deposit for bitcoins whilst only being unable to do one thing (which was of course to withdraw the exchanged funds).
Why, Intersango, did I have this silly period where I could deposit but not withdraw before they decided to simply shut down my account completely? Since I haven't heard a word back from your so called brilliant support team.
I didn't deposit much at all but It's my hard earned money none the less and they have absolutely no right to simply steal it from my very hands.
If bitcoin is ever to be widely accepted as a mainstream currency, it would be better that the critical nodes (exchanges, online wallets etc) stay above the law.
No, it wouldn't.
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