Topic: Tradesatoshi - BEWARE! Blocking without reasons. - page 9. (Read 4015 times)

It is enough to read reviews about this exchange: Tradesatoshi have the worst possible rating in terms of cryptocurrency asset security.

here is a quick one.... following it shows a huge chain effect of the same thing



https://www.blockchain.com/btc/address/1GY6yXKstDafvo7hF5XW1WTeLA6x3ASzcT
https://www.blockchain.com/btc/address/1A5FjoJzYpY674bZtENAg4Sy5ae7MGrEMr
https://www.blockchain.com/btc/address/1NZKHPQqQn7NCgTE9tdHGQ4sH5fsPFBsDN
https://www.blockchain.com/btc/address/1SZehXphFAQ4wfJxujBT1zuLQznJhXDEJ


at the moment it wont get confirmed or get dropped from the blockchain... i am keeping it alive and blocking all the chain effect keeping it in the mempool so they will eventually  run out of steam
if everyone would do this.... eventually they would have to start refunding the empty walletid in hopes for confirmation so they could find some available funds.

This is interesting... can you give us some transactions or addresses where this happened?

I did see the screenshot where they were using a 1 sat/byte fee, and that transaction was confirmed. However, this next transaction was broadcast 2.5 days ago and is still unconfirmed. If it gets replaced by another transaction then we'll know you are on to something.

with the fact that "TS"...imho =TRUE SHIT
 
they have started from March 24 2019 dropping their withdrawal fee to     0.25 sat/WU - 1 sat/B
 this is creating a huge gain in the mempool of unconfirmed transactions
 plus they are double spending the unconfirmed transactions so while everyone waits, they will be sitting and regaining the funds as the transactions never get confirmed and dropped by the network
 all unconfirmed and dropped transactions return the amounts back to the original holder.... TS
but ....
alas....
 there is a way to screw them in part.....
by retransmitting the transaction that is unconfirmed
 it will not let the transaction die and will hold accountable the originating senders.
to do this there are many transaction accelerators for free.
a few of them even have issues simply because the fee is way too low but a few of the free accelerators will send and retransmit the trxid and keep alive in mempool
so if everyone would start doing this like 2 times a day they would eventually run out of available cash and chock on their own behalf

https://bitaccelerate.com/      Works GREAT

https://freebtcaccelerator.com/#tools       works

https://pool.viabtc.com/tools/txaccelerator/      has issues at times with low fee





i would love to see them chock on their own tainted practices

A bunch of fake accounts, used just to sweep all complaints in their topic under the carpet, starting an idiotic flame each time.

Oh, how do you like the looks of this, 3 of the most vocal accounts defending Trade Satoshi all "woke up" recently to ridicule people who got locked out of their exchange. They also all reply to comments by typing above the quoted text, which as I mentioned early, almost nobody does... What a weird coincidence:







I'm almost certain they are all operated by the trade-sa-to-shi account.

Done too. Hopefully others will follow

Added for first two. The last doesn't have a link to the Tradesatoshi site in profile, doubt if admin here will consider him as tradesatoshi staff.

Seem, so. May be bolivarcoin is all traidsatoshi staff here )

Still waiting for the OP to give appropriate feedback and trust to the users in the links.

Once done, I will do the same and hopefully others too.

More connections:



Pretty sure its now safe to say bolivarcoin is part of their staff.

Another scam-technic from Tradesatoshi!

Delist a coin and set the withdrawal fee high enough to make withdrawals impossible for some users. So, they will not be able to trade, they will not be able to withdraw. What will they be able to do? Leave coins to exchange, i guess ))
From the other side, exchange  will receive a good fee from those users, who are forced to withdraw coins due to the delisting and have enough balances for this.
Both are good for the exchange.


Look at some examples:


Fees before delisting:





Fees after announcement of delisting:

(750 coins according to the site service: https://i.imgur.com/KKnnYgb.png)



50 BTCP are worth almost 400 000 sat. Great fee! The same as it was for BTC not long ago: https://bitcointalksearch.org/topic/m.50245384
Seems, after this complaint fee was lowered to 10 BTCP (according to the site service https://i.imgur.com/mKWMUtI.png). What a generosity, lol
For comparison - the BTCP withdrawal fee at Tradeogre-exchange is....0.01.

No, your guess looks reasonable.

Look who else writes their reply above the quoted comment:


I mean, am I crazy, or does it appear that all these accounts are owned by the same person?

Yes, exactly. And no hazy reasoning will not help to blame affected users and justify the scammers from Tradesatoshi.

I was also robbed of almost 100,000 doge  this was the majority of my account and the majority of my coins stored on exchange.


I have the correct info but do not wish to comply with KYC, does this mean i broke an agreement or don't deserve to withdrawal my coins? their move was a cash grab. plain and simple

What an absolute pathetic bunch of selective scammers Tradesatoshi have become.

The highlighted text in the image makes their intentions clear: "we are implementing KYC to all users in our site, and accounts failure to cooperate will remain frozen"

The low-life scammers think they can 'freeze' accounts at their discretion and then hold funds indefinitely but in simple terms that means that is an excuse to steal funds under the guise of failure to adhere to KYC which incidentally many users would have sent correctly.

Any real bonafide business would give the option to users of either complying to KYC or them being allowed to withdraw their funds and never use Tradesatoshi again, if they wish. It is clear Tradesatoshi are doing it with a view to selective scam their own users just as Rock Trading, Changenow/Changelly, Flyp.me and Holy Transactions have done

Some important info!
Thanks to nutildah who have posted it here



*ModShin is from TradeSatoshi-team.

No offense taken, and I do understand your point. However, asking for KYC after the user has already deposited funds and only when they are attempting to withdraw seems to be an uneven application of what it was intended for. They have no problem accepting funds but then suddenly its a problem when the user wants to make a withdrawal.

Outside of OP, there are dozens of complaints from users who are experiencing the same problem. And the problem doesn't seem to be contained to KYC issues, they seem to be locking people out of their accounts left and right. Even if the issues are related, blocking people from their funds and keeping them works out all too well for themselves. At the very least, people should be warned that they face this risk if they use this exchange, which isn't a common problem among legitimate exchanges.

What would be useful is to find out when Trade Satoshi first started asking for KYC, or when it first appeared on their website in the terms.

Also, the 3 accounts currently bumping their thread all sprang to life after problems started arising for them, around March 10th. They all respond to comments in the same style, by writing _above_ the quoted comment instead of below it. In my experience on the forum maybe 1 out of 20 users does this. I'm thinking they're all owned by the same person, maybe somebody who works for Trade Satoshi.

1. fratoshi - post gap from 12/19/17 to 3/25/19


2. bolivarcoin - post gap from 4/26/18 to 3/7/19


3. zombieapocalypsecoin - post gap from 6/10/27 to 3/20/17


Its just bizarre to me.

How to find out whether the user's data are right or wrong? Is the wish to find it out by starting a KYC-check is enough ground to make a decision that funds are illegal and to withhold the funds?

How do you think, what procedural steps have been taken by the exchange to have a reason to call each particular case "criminal" and to block users funds?

By your logic, can Tradesatoshi consider itself both investigation authority and judicial authority? They started mandatory KYC-checks without reasons and blocked users funds without any evidence for uncertain time, simply because they themselves started the KYC-checks. Seems, they don't need any of those authorities to decide what is legal and what is not.

For example, Binance blocks accounts suspected of committing a crime for 3 days. In the absence of official documents on the beginning of the investigation after these 3 days, the blocking is removed.
By the way, many exchanges do not request user data at all until verification is required - only login and password. Binance, which is mentioned above, is one of them. Because there is no sense to ask for such data until KYC.

This is where there will be a division in opinion. Crypto is largely developed by those that believe in decentralization and anonymity.  On the other hand it cannot be dismissed that by using a fake or erroneous name the contract made is either fraudulent or contains a serous error. (And therefore in breach of their terms and conditions or a crime).

Because value is involved it could be argued that it is fraudulent activity to obtain a financial advantage and in breach of AML laws.

It is a bit of a catch 22 situation. You signed up with Poloniex using a fake name because you didn't necessarily trust them but used their services contrary to their terms and conditions. Thus proving that they can't trust you because you deliberately lied.

I don't intend to attack you personally or hold it against you but am just using it as an example.

Legally it could be argued that a user using a fake name is fraudulently using the platform contrary to their terms and conditions.  It is good that Poloniex recognized it as an issue and was sensible with the solution they offered.  However - others may go down a different path and report it to the authorities in the jurisdiction that they are in.
Allowing a user to change their name on the platform potentially could cause liability for the platform if it is done by a hacker that then drains the funds of a user. Phishing was less of an issue years ago. Currently phishing and compromised user accounts are a huge threat.

The reality is that this situation would not have occurred if the user had not lied about their personal details. It is the user that committed the legal wrong .