Bittrex Needs Your Deposits More Than You Do
Many, many people who had Enhanced Verification accounts for many months, and who have made many deposits and withdrawals, have had the rug pulled out from under them with no warning.
EV accounts in good standing get converted to New accounts with no verification after withdrawal attempt is made. Deposits are welcome at any time you like, but they can never leave.
"Oh this is FUD! It's just KYC compliance!" Bullshit. We provided the documents, they were approved. MONTHS AGO.
If it was actually KYC compliance, they wouldn't accept the deposits at all. An honest and solvent exchange with KYC concerns about a customer would at the very least notify the user after a deposit that "hey, you're not verified! stop depositing!" More realistically, they would lock the deposit/withdrawal page so that when you click deposit, you are not presented with a bitcoin address, you are presented with "hey, you're not verified, you can't deposit!"
Insolvent exchanges do what Bittrex is doing right now.
Ultimate confirmation of their insolvency will be if they do some kind of policy change announcement on Wednesday. If you're doing something that might cause a bank run, do it before a long holiday weekend. What better excuse for going AWOL than "all the banks are closed anyway. it's thanksgiving what do you expect?"
Until a blue checkmark crypto public figure on twitter starts calling them out, they will continue ignoring this and burying the news with bullshit bitcoin gold spam.
Get your money out while you can if you can. FWIW i was able to withdraw ethereum and litecoin days before I got frozen. Seconds after an attempted monero withdrawal my account was de-verified. It's possible that they had some portion of coins on deposit stolen, so that they were able to pay out LTC and ETH but not XMR. They pay out what they can to stave off panic, but as we all know you can't create cryptos out of thin air.
.... And now this will be downvoted and replaced with your regularly scheduled sockpuppet hype for Waltonchain and other scamcoins.
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