ADVERTISEMENT

Exposing HitBTC on Proof of Keys Event on 3 Jan 2019

ADVERTISEMENT

Must Read

Youtuber Michelle Phan claims bitcoin is the best reserve and savings technology

The Asia-American YouTuber, Michelle Phan, sporting a channel with above eight million subscribers, has cited her opinion on Bitcoin,...

‘Force Majeure’ clause saves Telegram from refunding money to investors

Earlier US Security Exchange Commission obtained a restraining order from the US SEC to halt Telegram operations in the...

Bitcoin price starts to crash: Analyst eyes $6500

Popular Trend analyst account, Tradingshot, has predicted that the price of the leading cryptocurrency is likely to go at...
Avatar
Janet F. Sanchez
Janet Sanchez writes articles which, considering where you’re reading this, makes perfect sense. She is best known for writing cryptocurrency related news and blogs. She also writes about business, finance, and technology. Working from home and taking care of her little son, she has a passion for writing.

Trace Mayer is working hard to advertise the Proof of Keys event on 3 Jan 2019, tomorrow. The event urges customers to remove and withdraw their funds to expose fraudulent cryptocurrency exchanges like HitBTC. The idea is to make sure that exchanges like HitBTC actually hold all the crypto assets that they claim, which is possible only if all users withdraw their crypto assets from the exchange at one go.

Mayer says:

“People kind of need to understand the importance of proof of keys and proof of work. And so why not do it on the genesis block day [January 3]. Why not turn this into an annual celebration that we can do as a community, and just demand proof of the keys.”

 

HitBTC is Fraudulent

HitBTC has already started acting in a fraudulent manner by freezing customer’s accounts ahead of the Proof of Keys event, there have been multiple cases of the same and reported on Reddit.

Multiple customers have had their funds frozen for more than 6 months due to HitBTC’s fraud KYC test that they require from customers to get access to their accounts.

One such complaint can be seen here on Reddit.

Six months ago my account got suspended. After months of sending 40 plus emails, HITBTC finally unfroze my account. I immediately withdrew most of my funds, but left a small amount to day trade. I did that because HITBTC promised that “No further automated restrictions will be applied”. Over the months, from day trading I have built back my balance up to a couple BTC. With the proof of key date approaching, I felt that HITBTC is the prime suspect for being insolvent, so I tried withdrawing my BTC. Guess what, they blocked the withdrawal and froze my account again.

 

John Mcafee has urged its followers multiple times to expose HitBTC and its fraudulent dealing with its users.

 

Expose HitBTC’s Fraud Together

The Proof of Keys event is the best way that the cryptocurrency community can come together and expose fraud exchanges like HitBTC and others. Coinnounce also awaits comments from HitBTC on their fraudulent activities. If we hear from them, we will update this article.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

16 comments

  1. I stopped using HitBTC after they delisted a coin without warning. HitBTC blamed the devs and, the devs blamed HitBTC. All I know is that it is the exchange’s job to be responsible with their listings and that CAPP has a legitimate project and usable product. It did not help that their withdrawl fees did not scale to value. It would cost more to withdraw an asset than I actually had to withdraw.

  2. […] There are a lot of points which prove that 2019 will be quite beneficial for bitcoin as well the cryptocurrency space as a whole. 1. Institutional Adoption: We are already witnessing a lot of institutional agencies getting involved in the cryptocurrency space. A. The launch of Bakkt, an open source bitcoin futures exchange which is backed by the Intercontinental Exchange which also backs the New York Stock Exchange is set to launch in early 2019. B. C. D. 2. Bitcoin and Ethereum have a lot of developments scheduled for the upcoming year. Bitcoin: Ethereum: The Constantinople update in on the head and is scheduled to occur in January 2019. 3. 4. Exposing HitBTC on Proof of Keys Event on 3 Jan 2019. […]

  3. […] Exposing HitBTC on Proof of Keys Event on 3 Jan 2019. In 2017 we saw tremendous growth in both the price of bitcoin and the investment in initial coin offerings in the crypto space. This year, even though the price of bitcoin and the investment in initial coin offerings both have dropped sharply, the overall blockchain and cryptocurrency adoption have seen a significant rise. […]

  4. […] movement and Energy Department in your website. You could consider of it as dear existence a fry. proof of keys take place to be precisely unvarnished well-chosen with it. Don’t be. Taste the better to see […]

  5. […] to but emission a strike papers when something newspaper headline suitable comes all but.Bribe proof of keys coupled in respective online web directories as is conceivable. The greater you await the greater […]

  6. […] tone Thomas More like a MySpace information. Maintain points identical business concern focused. In proof of keys , it is actually a system you’re attempting to deal in this article, not a great deal of a […]

Leave a reply

Please enter your comment!
Please enter your name here

Latest News

Youtuber Michelle Phan claims bitcoin is the best reserve and savings technology

The Asia-American YouTuber, Michelle Phan, sporting a channel with above eight million subscribers, has cited her opinion on Bitcoin,...

More Articles Like This