[WARNING] Yet another SCAM by the shady BITTREX Exchange!

ewibit

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Is Bittrex Global the same as Bittrex?

The Bittrex exchange has two different platforms: Bittrex Global and Bittrex. 
Bittrex Global hosts trading for a large number of digital assets and does not allow U.S. customers.

https://cointelegraph.com/tags/bittrex

https://global.bittrex.com/

ScamViruS

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Quote from: Coinfan on September 28, 2021, 12:58:53 PM

Bittrex, like Poloniex, are scam exchanges.

They just try to find pretexts to steal money from their customers and hope that this won't make a dent on their reputation. Changing their verification policies is just a convenient pretext that might receive a blind eye from some authorities.

This way they can freeze many more thousands of USD from customers and hope that they won't send any documents to allow them to keep their money. They couldn't care less for any consent or even about any previous change of their TOS.

When I thought this exchange was no longer safe I have transferred all the funds from this exchange to another exchange. Because I saw that many people were in trouble with their funds in this exchange. In fact, crypto traders always have to be vigilant and keep an eye on what is happening in the crypto market. For example, when I came to know about the activities of bittrex exchange, I left this exchange thinking about the future situation. Almost everyone knows that Bittrex give less priority to their customers.

ewibit

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Quote from: Coinfan on September 28, 2021, 12:58:53 PM

Bittrex, like Poloniex, are scam exchanges.

They just try to find pretexts to steal money from their customers and hope that this won't make a dent on their reputation. Changing their verification policies is just a convenient pretext that might receive a blind eye from some authorities.

This way they can freeze many more thousands of USD from customers and hope that they won't send any documents to allow them to keep their money. They couldn't care less for any consent or even about any previous change of their TOS.

Code:

Bittrex Global
@BittrexGlobal

To adhere to regulatory requirements and the highest compliance standards, customers may receive requests for additional information and documentation in the coming days. 
Requests from our team will only come from [email protected].

https://twitter.com/BittrexGlobal/status/1455998364785512449?s=20

seems that all will have to do...

Coinfan

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Bittrex, like Poloniex, are scam exchanges.

They just try to find pretexts to steal money from their customers and hope that this won't make a dent on their reputation. Changing their verification policies is just a convenient pretext that might receive a blind eye from some authorities.

This way they can freeze many more thousands of USD from customers and hope that they won't send any documents to allow them to keep their money. They couldn't care less for any consent or even about any previous change of their TOS.

Branko

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Quote from: ewibit on January 16, 2021, 02:36:00 PM

Is there a class action lawsuit somewhere against Bittrex?

https://www.change.org/p/liechtenstein-national-police-bittrex-class-action-lawsuit-against-bittrex-dc58d71a-2baf-4d53-8a3a-0bc991279c5a

If only I saw this thread earlier

ewibit

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Is there a class action lawsuit somewhere against Bittrex?

ewibit

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Quote from: JollyGood on September 13, 2020, 01:53:42 AM

If Bittrex are using KYC as an excuse to steal funds then that is extremely worrying for those that registered there before KYC was not necessary. Just to change the ToS and not allow users that want to remain anonymous a chance to remove their funds is nothing more than stealing.

it is important you can decide for yourself whether you want to enter into a business relationship with this company
or whether you want to accept changed conditions
or cancel them if you don't like them!

Soon the first lawsuits regarding DSGVO (Data Protection Regulation in EU - General Data Protection Regulation GDPR)
will come when more and more people are supposed to fill in these private data in this bunglingly made PDF
which is (allegedly) sent out by Bittrex via email link.
You can't even check if the document is really authorised by Bittrex!

raji1995naya

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Less customer care and worst exchange ever I meet in my crypto trading.

gembitz

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*Brute force will solve any Bitcoin problem*

Quote from: JollyGood on September 13, 2020, 01:53:42 AM

If Bittrex are using KYC as an excuse to steal funds then that is extremely worrying for those that registered there before KYC was not necessary. Just to change the ToS and not allow users that want to remain anonymous a chance to remove their funds is nothing more than stealing.

If this is what is still going on with any exchange they have to be avoided new users because maybe they will change the ToS in future and find another way to scam users out of their funds.

yeah karma is a bitch! Roll Eyes

meh

Coinfan

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Many scam exchanges make money by taking advantage of their customers. Bittrex is one. Poloniex is just another that did exactly the same thing.

They just need a pretext. It's much money in the pocket. They are big exchanges, so they can ignore threads like this. But these threads make a dent. It's a question of keeping them alive, it improves their stance in Google.

JollyGood

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If Bittrex are using KYC as an excuse to steal funds then that is extremely worrying for those that registered there before KYC was not necessary. Just to change the ToS and not allow users that want to remain anonymous a chance to remove their funds is nothing more than stealing.

If this is what is still going on with any exchange they have to be avoided new users because maybe they will change the ToS in future and find another way to scam users out of their funds.

gembitz

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*Brute force will solve any Bitcoin problem*

Quote from: jack0m on September 02, 2020, 01:35:39 PM

Quote from: suchmoon on September 02, 2020, 11:34:17 AM

Quote from: ololajulo on August 25, 2020, 04:44:45 PM

If you have any issue with Bittrex and Poloniex address it but calling names and alleging such criminal label is not good. Have been this 2 exchanges for over 3 years and have no issue with, though the exchanges might struggling with some internal problems it does not affect the users of their exchange. Bittre and Poloniex are exchanges that barely list coins and do a lot of research on their coin, they are the only exchange they stop an IEO late on their exchange because of scam discovery

Bittrex is scam. I've lost money there myself due to their fucked up KYC system. If someone has been using them without issues it doesn't mean they're not stealing from other users because they are. And they are quite clever about it, $20 here, $50 there - not enough to take them even to a small claims court. Even if you could sue their Nevada shell corp you'd probably have very little chance to collect on that judgement.

I have filed complaints with CFPB and FBI/IC3 and I would suggest everyone who lost money do that (also check with FTC, SEC, and local regulators depending on circumstances). Each individual complaint doesn't matter much but if it reaches a critical mass hopefully it will cause them some trouble.

I know that someone was thinking of a Class action lawsuit a couple of years ago:

https://www.reddit.com/r/BittrexScam/comments/7fzpwh/class_action_lawsuit_data_please_fill_out_if/

I have no recent news, but you could still try to reach them out and see if you could join the lawsuit.

this punk is the techie behind the bittrex scams ===> https://bitcointalksearch.org/user/jyap-332203 #bookmmdano

suchmoon

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Quote from: jack0m on September 02, 2020, 01:35:39 PM

I know that someone was thinking of a Class action lawsuit a couple of years ago:

https://www.reddit.com/r/BittrexScam/comments/7fzpwh/class_action_lawsuit_data_please_fill_out_if/

I have no recent news, but you could still try to reach them out and see if you could join the lawsuit.

I saw it at the time but I don't think it went anywhere. No a big fan of sending my info to a Google form on reddit either

jack0m

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Quote from: suchmoon on September 02, 2020, 11:34:17 AM

Quote from: ololajulo on August 25, 2020, 04:44:45 PM

If you have any issue with Bittrex and Poloniex address it but calling names and alleging such criminal label is not good. Have been this 2 exchanges for over 3 years and have no issue with, though the exchanges might struggling with some internal problems it does not affect the users of their exchange. Bittre and Poloniex are exchanges that barely list coins and do a lot of research on their coin, they are the only exchange they stop an IEO late on their exchange because of scam discovery

Bittrex is scam. I've lost money there myself due to their fucked up KYC system. If someone has been using them without issues it doesn't mean they're not stealing from other users because they are. And they are quite clever about it, $20 here, $50 there - not enough to take them even to a small claims court. Even if you could sue their Nevada shell corp you'd probably have very little chance to collect on that judgement.

I have filed complaints with CFPB and FBI/IC3 and I would suggest everyone who lost money do that (also check with FTC, SEC, and local regulators depending on circumstances). Each individual complaint doesn't matter much but if it reaches a critical mass hopefully it will cause them some trouble.

I know that someone was thinking of a Class action lawsuit a couple of years ago:

https://www.reddit.com/r/BittrexScam/comments/7fzpwh/class_action_lawsuit_data_please_fill_out_if/

I have no recent news, but you could still try to reach them out and see if you could join the lawsuit.

gembitz

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*Brute force will solve any Bitcoin problem*

Quote from: suchmoon on September 02, 2020, 11:34:17 AM

Quote from: ololajulo on August 25, 2020, 04:44:45 PM

If you have any issue with Bittrex and Poloniex address it but calling names and alleging such criminal label is not good. Have been this 2 exchanges for over 3 years and have no issue with, though the exchanges might struggling with some internal problems it does not affect the users of their exchange. Bittre and Poloniex are exchanges that barely list coins and do a lot of research on their coin, they are the only exchange they stop an IEO late on their exchange because of scam discovery

Bittrex is scam. I've lost money there myself due to their fucked up KYC system. If someone has been using them without issues it doesn't mean they're not stealing from other users because they are. And they are quite clever about it, $20 here, $50 there - not enough to take them even to a small claims court. Even if you could sue their Nevada shell corp you'd probably have very little chance to collect on that judgement.

I have filed complaints with CFPB and FBI/IC3 and I would suggest everyone who lost money do that (also check with FTC, SEC, and local regulators depending on circumstances). Each individual complaint doesn't matter much but if it reaches a critical mass hopefully it will cause them some trouble.

watch when "someone" dox >>> bill , richie & the rest of these bittrex crooks! :\ this is going to happen before too long imho.

suchmoon

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Quote from: ololajulo on August 25, 2020, 04:44:45 PM

If you have any issue with Bittrex and Poloniex address it but calling names and alleging such criminal label is not good. Have been this 2 exchanges for over 3 years and have no issue with, though the exchanges might struggling with some internal problems it does not affect the users of their exchange. Bittre and Poloniex are exchanges that barely list coins and do a lot of research on their coin, they are the only exchange they stop an IEO late on their exchange because of scam discovery

Bittrex is scam. I've lost money there myself due to their fucked up KYC system. If someone has been using them without issues it doesn't mean they're not stealing from other users because they are. And they are quite clever about it, $20 here, $50 there - not enough to take them even to a small claims court. Even if you could sue their Nevada shell corp you'd probably have very little chance to collect on that judgement.

I have filed complaints with CFPB and FBI/IC3 and I would suggest everyone who lost money do that (also check with FTC, SEC, and local regulators depending on circumstances). Each individual complaint doesn't matter much but if it reaches a critical mass hopefully it will cause them some trouble.

jack0m

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Quote from: Stedsm on August 31, 2020, 04:52:11 PM

Quote from: jack0m on August 25, 2020, 06:12:05 PM

Luckily for him, he had a rather small amount of coins on his account. Perhaps he won't get them back in the end, but Bittrex could still get a fine by FMA, which would somehow right the wrong that was done to Bob.

Based on your concerns for your friend Bob, I'd think what number of users did lose their coins at bittrex after refusing to go for KYC? 🤔
I mean, it may not be a big amount for Bob, but just think for a second and try to figure out that even if bittrex would have got BTC0.01 from each user (let's assume 1000 users) who refused to go for KYC and left that BTC0.01 there, forever. So that's 10 BTC (assumed) for free for bittrex. Are trex guys worth a 100k bucks after asking us for a KYC?

Yeah, again a typical scammers pattern: stealing a little from many. Much less risky than a big heist on a single target.

Stedsm

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Quote from: jack0m on August 25, 2020, 06:12:05 PM

Luckily for him, he had a rather small amount of coins on his account. Perhaps he won't get them back in the end, but Bittrex could still get a fine by FMA, which would somehow right the wrong that was done to Bob.

Based on your concerns for your friend Bob, I'd think what number of users did lose their coins at bittrex after refusing to go for KYC? 🤔
I mean, it may not be a big amount for Bob, but just think for a second and try to figure out that even if bittrex would have got BTC0.01 from each user (let's assume 1000 users) who refused to go for KYC and left that BTC0.01 there, forever. So that's 10 BTC (assumed) for free for bittrex. Are trex guys worth a 100k bucks after asking us for a KYC?

jack0m

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Quote from: Stedsm on August 25, 2020, 05:26:26 PM

Quote from: jack0m on August 25, 2020, 04:35:49 PM

He could NOT withdraw his coins on time, for the simple reason they had already disabled his account and were preventing him to move the coins without verification!
Regarding the supposedly unfair treatment to those who accepted the terms... well if their account were not disabled as well for some unknown reason, they could refuse to accept and withdraw their coins in time. Bob was not given a chance instead, so it's Bob the one who may rightfully complaint about receiving an unfair treatment!

As a final remark, scamming people for a relatively small amount and being confident they won't go legal, since the expenses would be much higher than the scammed amount, is a typical low-life pattern. That makes Bittrex even more disgusting.

Sorry on missing those points, my bad!
So yes, Bob should definitely go for a legal complaint against them, but should first send a complain to Financial Market Authority (FMA) in Liechtenstein under whose supervision, Bittrex operates. Though, I don't think they'll compromise here as they're the party who hold the coins and are the big dogs currently - and are bitter exchange (so as their name suggests Wink

).

Luckily for him, he had a rather small amount of coins on his account. Perhaps he won't get them back in the end, but Bittrex could still get a fine by FMA, which would somehow right the wrong that was done to Bob.

Stedsm

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Quote from: jack0m on August 25, 2020, 04:35:49 PM

He could NOT withdraw his coins on time, for the simple reason they had already disabled his account and were preventing him to move the coins without verification!
Regarding the supposedly unfair treatment to those who accepted the terms... well if their account were not disabled as well for some unknown reason, they could refuse to accept and withdraw their coins in time. Bob was not given a chance instead, so it's Bob the one who may rightfully complaint about receiving an unfair treatment!

As a final remark, scamming people for a relatively small amount and being confident they won't go legal, since the expenses would be much higher than the scammed amount, is a typical low-life pattern. That makes Bittrex even more disgusting.

Sorry on missing those points, my bad!
So yes, Bob should definitely go for a legal complaint against them, but should first send a complain to Financial Market Authority (FMA) in Liechtenstein under whose supervision, Bittrex operates. Though, I don't think they'll compromise here as they're the party who hold the coins and are the big dogs currently - and are bitter exchange (so as their name suggests Wink

).

Topic: [WARNING] Yet another SCAM by the shady BITTREX Exchange! (Read 623 times)