BiteBTC Stealing Funds?

[KYCbench]

 

BiteBTC cryptocurrency exchange blocks withdrawals and user accounts. This was reported by several users, and a corresponding warning appeared in the CoinMarketCap analytical resource.

For example, the BiteBTC team sent e-mails to traders explaining that account freezing required the verification of the origin of funds, as well as documentation confirming the ownership of blocked assets.

Some users were asked to provide data on bank accounts and credit cards to confirm their identity in order to ensure full legal compliance. However, after providing the necessary documents, users received standard replies, and when they tried to withdraw funds, in case of successful verification, their accounts were immediately blocked.

It is noteworthy that the official Twitter site claims that the exchange operates in Singapore’s jurisdiction, however, the operator’s website indicates First Finance LLC, allegedly located on the Seychelles, which are a well-known offshore zone. However, the domain of this company is registered in the United States.

Prior to this, the BiteBTC site claimed that the Singapore operator FinanceFirst Pte is the site operator. Ltd, which soon denied this information on its blog and has already filed a complaint with the Singapore police. Also, representatives of the company added that their statement against the stock exchange is not the only one.







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[Swiss]

Thank you for your advice, a post that is very useful for us. and I have also traded there , and we are asked for full identity certification

[Zen10]

The reports and complaints on this exchange has been piling up. I can no longer remember how many threads I've read about their accounts/funds being blocked/banned by this exchange.

[Dprincebh]

Bitebtc Is now rename to Fidelio exchnages. They said they were acquired by sychelles company in which the said company also rejected that they have no business with the exchange. Now they are saying all frozen funds can be released by sending them a mail or shipping