What can you do when the exchanges steal from the customer

[Cryptominded 704]

On 10/5/2019 at 3:06 AM, starwill said:

The exchanges are a trading site just remember to have your coins in your wallet, something that I apply is just to leave the capital that will be moving and withdraw the profits to avoid any theft or loss since there is nothing 100% on the network sure.
 

Also ensure to turn on all security features - 2FA, dedicated ip, sms alert, etc on your account, to give you the benefit of the doubt. Periodically, one should capture the screen of their dashboard, so to have something to hold on to, just in case, the site is no longer accessible like Cryptopia and you shall be needing to file in a claim.

[palalu 512]

I do not know. I have also been cheated exchange but I just surrender, cause I also do not know how to fight exchange.

[Crypto123 0]

You can't do anything about it. If the government does not Accept cryptocurrencies, nothing can be done against fraudulent exchange. You have to choose the reliable platform carefully and that's the only thing he can do.

[on1k3n 470]

Action can't really be taken because Bitcoin isn't regulated. This is the risk that you have to deal with cryptocurrency. Just invest your money in stable coins because they are backed by real currency. If you do lose a stable coin, they can actually track it down, and they'll possibly help you get it back. Bitcoin and Alt coins are a different story. You can still track it, but no one is willing to help you because it isn't federally recognized as a currency. 

[Moon 88]

Well many exchanges are anonymous and located in countries with little to no laws considering cryptos so there's not much anyone can do to those.

[SyntaxEr. 709]

If the exchange steals the assets of their customer you can file a case against them to the respective law enforcer where the exchange was registered.

[FlatterCar 696]

Hmm, if the exchange tries to steal money from my account, I will immediately go to court. Because this will be a violation of the law, and it seems to me that such an exchange will live well, a maximum of a week after this incident. What would you do?

[CryptoDJ 712]

If large exchanges began to steal money from ordinary users, then a spontaneous action would immediately begin near the building of this exchange. But I think it is unrealistic, because it is simply unprofitable, and a criminal case. Something like that.

[xprince1996 865]

I think if they steal the money from their customer you can file a case against them because it is a clear thief using their platform.

[Nurul Huda 944]

On 5/10/2019 at 15.31, The Scientist said:

You cannot do anything. These exchanges are often not regulated, so if they come out of fraud, we will lose our funds.

Your opinion is really not important I really can not do anything because you have to spend the funds you can because the funds can be set and the rules cannot be logistic. So you have to be careful, careful, save your funds.

[rakib7970 217]

We should leave if it's happen. In centralized exchange market it could be happened at any time. So when you are in a centralized market then you need to be careful of all time. We should use more than one account and different exchanges for saving our money.

[dmnqe07 365]

I think to avoid this kind of problem i think do not use untrusted exchange, and it will be always better if you always check the reviews and the feedback of the exchange platform your gonna use. but this problem is not happen to me yet. and i dont want to. 

[Lubruselu 2803]

If the exchange steal customers investments there will be no way to do because you don't know headquarters of that platform and also you don't know owners of the platform that's why you are recommended to use exchanges like binance.

[Evalsam 1]

Well when it's comes to money in the business sector, we all have to get the enough information first about any exchanger we are interested in, their challenges, issues, their results and go for the most trusted and reliable ones. Work smart  

[doriahailee 643]

Depending on where the exchange base operates, some cases have occurred in several countries such as Russia, US, Korea and Japan (Mt.Gox) and yes you or the injured party can take legal action for the case. It is not permissible to continue their criminal actions, only a few countries do not yet have clear regulations.

[pangitmo 186]

The first thing i will do is to change my exchanger to something that is more trusted. After that, i will report it  to the police.

[pangitmo 186]

i will change my exchager, i am not strong and i do not have any power so i will just avoid that.

[CryptoDJ 712]

If a popular exchange stole my coins from me, it would not be difficult to just write in support of some mistake, or go to court and sort it out there. And if it was stolen by a very young exchange, then I would do nothing here, since it was created for this purpose to deceive.

[khan22 3478]

I fell said when i listen that some one exchange steal the money to their clients because this is not a good news for the investors and they are disheart and no one can do anything because there is no law that someone clain their coins or money which he invest to that exchange.

[Akbor 1042]

I think there is no way to take any action about exchange and no way to get back your asset but you can warn another crypto worker not to use that exchange site. if you do warn then the site cant do any cheat with others.

[yifnt 666]

I will be dizzy, because it is very difficult to report them to the authorities because the authorities have warned investing in cryptocurrency is a big risk. So maybe I can only wait for someone influential in the world to overcome this.

[hakimgentlemen 671]

It's your choice and your decision that matters in this phase because you can find fraudulent sites. On the other side, you'll find honest sites like Yobit and Binance, for example. So make your choice for shopping sites I do not have a good idea to provide you.

[Sourovdeb890 416]

you don't know home office of that stage and furthermore you don't know proprietors of the stage that is the reason you are prescribed to utilize trades like binance. furthermore, I think there is a genuine hazy area. On the off chance that it's immediate robbery, at that point clients ought to go to the police in their nation. On the off chance that somebody sends cash to an inappropriate spot or winds up in holding and the trade isn't obliged to fix it at that point that is not burglary in my eyes.

[tienda 8776]

I think the lower amount of cryptocurrencies you can hold it on the website exchange wallets, but if we talk about the big volume we need to hold it on hardware wallet.

[Cgogogo 71]

You have to make thoroughly research before you trade on all this fake and scam exchange like that,this is why I prefer yobit exchange and bittrex exchange to trade