Hello Steemit Community!
This post is inserted in the new created series Introducing: Crypto For The Day blog post series , you can follow all the post in the tag #cryptofortheday
So there was some news about bittrex closing accounts for no apparent reason and alot of fud laying around because people lose access to their accounts and got afraid of losing funds. Some people contacted the support and got no response from Bittrex what increased the FUD and bad news spread fast.
Here is a news article from CoinTelegraph about it: Bitcoin, Altcoin Exchange Bittrex Eyed With Suspicion Due to Thousands of Mysterious Account Closings
Some of the accounts was verified so people didn't get the KYC reason, once again more FUD in the situation.
After that bittrex made a public statement in their blog: Statement on disabled accounts explaining the situation:
We occasionally conduct compliance reviews and are working vigilantly to protect our service and our users from harm. As part of a compliance review, we have temporarily suspended certain accounts pending the completion of the review. The total number of suspended, closed, or banned accounts is very limited: less than 0.1% of the total accounts on Bittrex. More than 99.9% of Bittrex accounts are unaffected.
All this FUD could be avoided with fast and clear notification because uncertainty is a powerful bad feeling and spreads like hell but you don't have any to worry about, Bittrex is a good exchange and never had problems like Poloniex who still has alot of non answered tickets and people losing money without any explanation.
But don't worry, 2018 will be the year of decentralized exchanges with projects like KyberNetwork, OmiseGo, AirSwap, 0x, etc...
What you think about all this situation?
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