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HitBTC Dismisses Allegations It Froze Accounts in Response to Proof of Keys Event

A representative of crypto exchange HitBTC told Cointelegraph that reported withdrawal blocks were part of international KYC and AML measures.

Cryptocurrency exchange HitBTC has rejected allegations by some of the industry’s best-known figures that it was deliberately freezing user accounts, the company told Cointelegraph in an email Jan. 3.

Responding to a request for comment, Peter Swen, a representative from the exchange’s marketing team, denied any link between account freezes and Thursday’s ongoing Proof of Keys event.

After user complaints on social media, Proof of Keys’ organizer Trace Mayer had publicly suggested that HitBTC may be deliberately disabling withdrawals in response to the event. He was subsequently joined by others in his suspicion, including John McAfee, wallet manufacturer Bitfi and entrepreneur Tuur Demeester.

Mayer’s Proof of Keys event advocates a mass withdrawing of all funds…

Read Full Story : News

2019-01-03 13:33:00

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