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Yesterday I had made a post about Bittrex Is Disabling Users Account Without Any Reason and this is a follow up to my previous post.
Now about 12 hours from now a Spoke's Person of Bittrex named as Ryan released a statement regarding disabling the accounts . Here's what they said in their statement
We would like to address recent reports regarding Bittrex account suspensions.
We occasionally conduct compliance reviews and are working vigilantly to protect our service and our users from harm. As part of a compliance review, we have temporarily suspended certain accounts pending the completion of the review. The total number of suspended, closed, or banned accounts is very limited: less than 0.1% of the total accounts on Bittrex. More than 99.9% of Bittrex accounts are unaffected.
Any reports that Bittrex miscalculated or misapplied its exchange fees, that there is a security problem with the exchange, that Bittrex lost any coins stored on users’ behalf, or that Bittrex is banning people trying to access Slack to discuss the status of their accounts are incorrect. We are committed to making Bittrex a strong, safe, and compliant exchange where people can securely participate in the digital currency economy. We ask for patience from our highly valued customers. As for us, we plan to “keep calm, and carry on.”
Now according to the statement Bittrex has banned 0.1% of the total account in their user base. I was expecting a rock solid reason here but they just said that it is temporary and that they'll be reviewing the accounts so that their users don't face any problem. Here Bittrex pointed "We occasionally conduct compliance reviews and are working vigilantly to protect our service and our users from harm" I don't what harm could an exchange posses besides our money being stolen. But if it has something to do with what I said in my yesterday's post that there must me something related to politics and then I would say they have taken the right step.
Coming to the accusations made on them that they are/were banning people from their slack channel on asking the status of their account and also that there is a security problem and that the coins have been stolen for the accounts of the users so to this Bittrex has simlpy said that all these accusations are false though they didn't prove any proof supporting their statements but for now lets assume they aren't.
Now their final words “keep calm, and carry on.” this sentence puts me in an uncertainty if my account was banned I would have been very confused on what I should do next.
I also came to know that bitfenix has also disabled many accounts.
This worry some news, waiting for that day that Poloniex and Bittrex the 2 biggest Altcoin exchanges get Hacked. Both of them have two much influence over the Crypto Market, we really need decentralized Exchanges
Full uv
Agood post. I am a new comer in bittrex..i hope you can help me.
To be clear, Bittrex did not 'BAN' .01% of the users as the statement clearly says "suspended, closed, or banned accounts is very limited: less than 0.1% of total accounts... " and we should assume this is on a case-by-case basis and each reason for adverse action stands on its own merits. I'm also certain that if Bittrex wants to remain a strong and compliant exchange, they will notifiy all those account holders affected as time goes on. It would be the right thing to do. We will see.
hi
Urgh all move to decentralised exchange now!!! Ironically, bittrex banned bitshares market too LOLZ
Yes I'm also thinking the same
But decent exchange still need more work and partnership. Not many coins supported now.
Thanks for the post and very nice
Great post :)
my account is disabled too
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STOPInteresting.
What really makes Bittrex worth blacklisting for me isn't the why. The fact that they disabled user accounts without a timely warning and how they went about it is already a mistake that reflects poorly on the company's concern for customer relations.
As for their response, it's a typical dodge. Not acknowledging any wrongdoing or responsibility and they even hint at it happening again. For my own peace of mind, Bittrex is out.
wow that sounds like a very unreasonable response, banning or closing accounts of users just to keep the exchange safe? what about funds that was in that account ?
Users aren't allowed to access their funds
I used already..
Vote and comments pls : https://steemit.com/tricks/@kaleem345/5-cool-tricks-watermelon