https://twitter.com/ilcreations/status/1295050067573907457
The story goes that he registered from an block country based on HitBTC's but the exchange allowed him to deposit first and then when he is about to withdraw, HitBTC throw the argument of residency:
Quote
g. will not use our Services or will immediately cease using those if you are a resident or become a resident at any time of the state or region (in accordance with such state or region definition of residency), where the crypto assets transactions you are going to execute are prohibited or require special approval, permit and/or authorization of any kind, which HitBTC has not obtained in this state or region. Notwithstanding the above, you are not in any case allowed to access and use our Services if you are located, incorporated or otherwise established, or a citizen or resident of:
(i) the United States of America;
(ii) North Korea,
(iii) Sudan,
(iv) Crimea and Sevastopol;
(v) Cuba,
(vi) Syria, or
(vii) any state, country or other jurisdiction that is embargoed by the United States of America,
(i) the United States of America;
(ii) North Korea,
(iii) Sudan,
(iv) Crimea and Sevastopol;
(v) Cuba,
(vi) Syria, or
(vii) any state, country or other jurisdiction that is embargoed by the United States of America,
https://hitbtc.com/terms-of-use
The question is, how did they allowed him to register and then make a deposit on the first place?Looks to me very shady, the guy is located in the States.
Although we all know that HitBTC is a scam site and has many accusations in this community way back 2017. But still there might be newbies that are going to fall for this trick. So I advise them to read the ToS first very carefully as you might be the next victim.