What is going on with Bittrex?

wizbrate

wizbrate

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Any idea on why are they disabling accounts leaving the users without their funds??
 
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Yea I'm reading about this too..I was just about to start using them, thank god I didn't...Anyone here got scammed? Did they get hacked? Or shill accounts spreading BS? Phishing site appeared? I'll def wait for things to clear before I use them.
 
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alexa_s said:
Yea I'm reading about this too..I was just about to start using them, thank god I didn't...Anyone here got scammed? Did they get hacked? Or shill accounts spreading BS? I'll def wait for things to clear before I use them.
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I also signed up just a few days ago, but after this, I'll probably go to another exchange.
Not sure what is going on, I read somewhere they will disable all accounts that are not verified and holding over 1000$ balance.

Also noticed you cannot deposit of withdraw $ or €, just cryptocurrencies.
 
If all that stuff mentioned in the cointelegraph article are true, this is indeed fishy.
 
Looking at the thread @ bitcointalk things seems bad. Was literally about to deposit in a day or two, being scammed on my first buy would just have been ridiculous. Also many scam accusations dating as far back as june. This is basically the only xchange i see with scam accusation threads, the rest is casinos and scam coins. Would be interesting to see if 24h volume falls for bittrex.
 
Dont worry, by the next few years, we will have so many DEX (decentralise exchange).
By that time.. goodbye bittrex.. polo... hitbtc.. and every other centralised exchange with higher fees
currently we already got a few working DEX such as blocknet, bitshare, waves, ARK. but they only support few coins.
 
Always trust hardware wallet. As exchange is shaving or you can say stealing people (users) cash. I think they will get out of business very soon..
 
Is your account verified? I have an account in bittrex and it's still fine.

Can you still withdraw your money?
 
I think we should just wait for few days
May be bittrex will clear out everything
There should be a reason behind tho it's fishy but I guess we should wait for them to release a statement .
 
That sounds scary... Let's see what they have to see about this.
 
My account is fine. What country are the people in who have been affected?

Maybe law enforcement? Or possibly unverified accounts.

tb303 said:
Bring on the decentralised exchanges
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How would that ever work?
 
Absolutely BS is this statement...You can see over at other forums that people are freaking out and many are verified. Also this guy's(Ryan) writing style is enough to make me steer clear of bittrex. There is a screenshot of someone saying we should sue you for holding our money and him replying "I should ban you for this statement" or something along those lines. "keep calm and carry on" I mean if you are speaking on behalf of a large and serious company(ESPECIALLY A FINANCIAL ONE) you should use very serious, clear and professional writing etiquette. Ryan seems legitimatly crazy and unempathic IMO. If you are a financial company and you hold people's money and there is a problem with many many people you should go all in on apologizing and explaining IN DETAIL what has gone wrong and when it will be fixed. But no, instead a badly written 100-word bs statement. I'm getting angry and I don't even have a penny in bittrex...Can't imagine what the guys with 5-figure sums in bt are like.

They obviously either they don't care, or they are secretive about what has gone wrong, both good reasons to get out.
 
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Another bullshit new and everyone's shitting their panties already. It's temp suspension of accounts which were breaking their TOS, for example using trade bots and similar stuff. Pretty sure they're not banned, losing their funds and even if so, if it breaks their TOS they can do that.
Seriously, stop reading these articles, they're full of shit. Bitcoin is banned, crypto is banned, exchanges are banned, blah blah, none of that were true actually, just clickbite'ish headlines you should know about how it works.
 
iPinner said:
Another bullshit new and everyone's shitting their panties already. It's temp suspension of accounts which were breaking their TOS, for example using trade bots and similar stuff. Pretty sure they're not banned, losing their funds and even if so, if it breaks their TOS they can do that.
Seriously, stop reading these articles, they're full of shit. Bitcoin is banned, crypto is banned, exchanges are banned, blah blah, none of that were true actually, just clickbite'ish headlines you should know about how it works.
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Just want to point out that using bots is not against the TOS, most exchanges encourage the use of bots. Don't you think it would be weird that there's an API that lets you buy, sell and withdraw money from Bittrex?
 
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