Re:Bittrex to Cease Operations
by latchkey on Friday March 31, 2023 @06:19PM
(#35394484)
This is what my friend was doing, until CB just locked his account after making two $10k USDC purchases. He was fully KYC'd. No warning or reason given, just "convert back to USD and withdraw your money please, that's our final answer".
[ Parent
| on HN ]
Did he use the coins for gray market services like proxies or captcha solves or no-KYC exchanges? I hear exchanges are basically being forced to invest heavily in on chain monitoring software like Elliptic and Chainalysis. If he sent coins to an address that some other bad address even indirectly sent coins to, some braindead compliance employee will probably think they've uncovered a sophisticated money laundering scheme.