RATE Group | Cryptocurrency exchange admits it can steal users’ Monero (if it wanted to)
41162
post-template-default,single,single-post,postid-41162,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Cryptocurrency exchange admits it can steal users’ Monero (if it wanted to)

04 Sep Cryptocurrency exchange admits it can steal users’ Monero (if it wanted to)

Posted at 18:28h in Cryptocurrency News by

[ad_1]

Government regulators haven’t made things easy for anonymous cryptocurrency projects. Monero fans are complaining about being profiled by cryptocurrency exchanges, after Changelly was found to wield the ability to effectively “steal” cryptocurrency from customers.

One user has taken to Reddit to vent their frustrations. After attempting to exchange some cryptocurrency for Monero via Changelly, they were automatically classified as high risk. The funds were immediately quarantined until the account has been cleared of anything untoward. 

A Changelly spokesperson has since confirmed the exchange service can indeed withhold suspicious transactions (and hold their funds until users provide further information).

“To all Monero community, our risk management system doesn’t mark all transactions out of the blue,” explained a spokesperson. “[…] Monero is the crypto that hides a sender and recipient thus making transactions untraceable….

[ad_2]

Source link

Tags:
, , , , , ,