Germany seizes 47 crypto exchanges

[Best_Change]

It depends on who and how they look at it. Obviously, most of you* instant exchangers have your policy, which is very easily abused. That's why we now have 47 seized exchangers.

What certainly forces most exchangers into violation is the freezing of user funds. I'm sure none of them have a license for such a thing. But you adapted that rule to yourself* under the pretext of AML because it suits you*.
Many exchanges on your service have accusations of seized user funds, it may seem to you that it has been resolved, but it is not. Don't you think that the investigation was launched after numerous complaints about the illegal confiscation of users' funds?

* - I am deliberately including you in the group of instant exchangers, because you directly depend on them and the rules under which they work.

The irony is that the specified exchangers did not exert sufficient level of checking, which led to, according to the investigation, them passing through a part of threat actors and helping them to launder funds.

It is not a question that these services turned a blind eye to some “illegal checks.” They were closed for the insufficient number of these checks. It’s no secret that the majority of exchangers only do selective checks when the level of AML risks surpasses a specific value. The rest are passed through without checking to facilitate exchanging.

Therefore, you are not exactly right. Users will hate the exchangers if everyone starts following the financial regulators’ demands. So, some balance must be found, which, however, didn’t satisfy the biased investigators from the EU.

[brett6934]

Therefore, you are not exactly right. Users will hate the exchangers if everyone starts following the financial regulators’ demands. So, some balance must be found, which, however, didn’t satisfy the biased investigators from the EU.

i hate you already for covering AML/KYC scam, cut the bullshit

You and your friends stole 19700 USDT from me and you are part of it

[brett6934]

Finding a balance between these polar positions is difficult not only for small exchangers, but also for large international exchanges, which are constantly criticized at the state level in different countries and receive multi-million dollar fines for non-compliance with far-fetched norms from the old financial world.

You contradict yourself, the only balance is to perform KYT and AML before accepting payments from Clients if exchanger doesn't like KYT results then.

What you promote is Utter Nonsense! - see what they says in Russian forum

https://forum.bits.media/index.php?/topic/38436-bestchange-%D0%BA%D0%B0%D0%BA-%D0%B1%D1%8B%D1%81%D1%82%D1%80%D0%BE-%D0%B2%D1%8B%D0%B1%D1%80%D0%B0%D1%82%D1%8C-%D0%BB%D1%83%D1%87%D1%88%D0%B8%D0%B9-%D0%BE%D0%B1%D0%BC%D0%B5%D0%BD%D0%BD%D0%B8%D0%BA-%D0%B8-%D1%81%D1%8D%D0%BA%D0%BE%D0%BD%D0%BE%D0%BC%D0%B8%D1%82%D1%8C-%D1%81%D0%B2%D0%BE%D0%B5-%D0%B2%D1%80%D0%B5%D0%BC%D1%8F/page/45/#findComment-2424356

Ecли cpeдcтвa были пoлyчeны Baми лeгaльным пyтeм, Baм нeчeгo oпacaтьcя. Пpoйдитe пpoцeдypy KYC и пoдтвepдитe иcтoчник пpoиcxoждeния cpeдcтв, пocлe чeгo cpeдcтвa бyдyт вoзвpaщeны Baм.

If your money is legal there is nothing to be afraid off. You have to pass verification and etc.....bullshit

How about You prove that my money is illegal 1st, ok?

SO, what Bestchange saying that i have to send my document to illegal anonymous exchanger and not be afraid, seriously?

You and your anonymous exchanger friends blocked my 100 XMR without any reason and prooff and playing KYC ping pong with me referring to bullshit terms and conditions

Asking me to send my ID and Screenshots the conversations with is totally illegal for me to do

Bestchange is a middle man covering this AML SCAM SHit!!! which is the subject of the topic

Unfortunatley i am not the 1st one to get fucked by Bestchange and Co
check this out https://asktom.cf/index.php?topic=5523844
https://asktom.cf/index.php?topic=5404706

The accusation is too emotional, taking into account that its details are still unclear. Who and for what transactions were found guilty? Do you already know this? In the eyes of law enforcement bodies, almost any exchanger will conduct insufficiently strict AML/KYC procedures, this is their advantage.

BestChange used to be legit, i trusted it. If exchanger blocked my money than bestchange used to remove it from its monitoring until i got my money back
NOT ANYMORE, BestChange became scam promoter and has to be winded down ASAP.

BestChange is a parasite on crypto industry, yes i am pissed of becasue i got scammed for 19700 USDT by Bestchange and Company

That is exactly what Bestchange plays on, right now, everything seems to be unclear:
- whipping negative feedback
- covering AML Scammers
- Sending traffic to scam exchanges and getting a share out off scam
- protecting scam exchanges by
- acting like a middle man but in reality getting paid from scammers for traffic

[Best_Change]

If your money is legal there is nothing to be afraid off. You have to pass verification and etc.....bullshit
How about You prove that my money is illegal 1st, ok?
SO, what Bestchange saying that i have to send my document to illegal anonymous exchanger and not be afraid, seriously?
You and your anonymous exchanger friends blocked my 100 XMR without any reason and prooff and playing KYC ping pong with me referring to bullshit terms and conditions
Asking me to send my ID and Screenshots the conversations with is totally illegal for me to do
Bestchange is a middle man covering this AML SCAM SHit!!! which is the subject of the topic

Hello,

We duplicate the reasons for the AML case previously voiced in the exchanger thread. According to the information received from the exchanger, you created and paid for 7 orders. On the exchange service website, in the rules that you agreed to when making the order, and on the order page, there is a warning that you should not split the deposit into several parts.

Also, according to the exchanger's rules, the user undertakes to provide the exchanger with information for verification if necessary. The user agrees to the rules of the service when creating an order.

Creating several orders in one direction in one exchanger while sending several transactions can be considered a suspicious activity in splitting the deposit. Such patterns are deemed high-risk regarding AML/CFT procedures aimed at combating money laundering and may be grounds for freezing funds and passing KYC. The exchanger has requested that your data be passed the verification procedure in connection with the above. It is worth noting that AML/CFT requirements apply to any exchanger providing financial services.

@brett6934, your actions seem manipulative. You are trying to put pressure on the exchanger and the monitor administration in the public space. To resolve the situation, you need to pass KYC. You can contact the exchanger for this.

[examplens]

...

Please pay attention to the quote, it looks like you're accusing me of something I didn't say and had nothing to do with.

@brett6934, your actions seem manipulative. You are trying to put pressure on the exchanger and the monitor administration in the public space. To resolve the situation, you need to pass KYC. You can contact the exchanger for this.

Can you confirm whether in his case it was a single transaction of 100 XMR or several?
@brett6934 claims it is one of 100 XMR, while you claim that there are multiple (7) transactions on one order. What is true here?

[Best_Change]

Can you confirm whether in his case it was a single transaction of 100 XMR or several?
@brett6934 claims it is one of 100 XMR, while you claim that there are multiple (7) transactions on one order. What is true here?

Hello,

We received evidence from the exchanger that the client created and paid for seven orders during the day. However, these data are confidential and not subject to public disclosure.

[EarnOnVictor]

-snip-
Many legitimate users were using those exchanges because they are listed on BestChange and were actually performing AML and KYC procedures in cases of suspicious transactions.

Legitimate users with online services are relative, so I do not think much about that. And they've always been the collateral damage and will remain so if care is not taken. On the internet these days, you are using services at your own risk and I wonder why they left the well-known and reputable services for such that could be shut down easily.

As for the German government, I wonder why they would shutdown a business and still selfishly steal people's money with it. They've stepped up the thieving ways of the US.

[CreepyUncleJoe]

Can you confirm whether in his case it was a single transaction of 100 XMR or several?
@brett6934 claims it is one of 100 XMR, while you claim that there are multiple (7) transactions on one order. What is true here?

Hello,

We received evidence from the exchanger that the client created and paid for seven orders during the day. However, these data are confidential and not subject to public disclosure.

There is nothing wrong with placing multiple orders in one day. Why is that an issue? And what exactly is this need for KYC, especially when dealing with Monero, a cryptocurrency that can’t be “dirty”? What’s suspicious about that? Who gave this anonymous Whitebit proxy exchanger the right to demand anything from anyone? Their Terms of Service mean nothing because this is not a legitimate company, and what is happening here is illegal. You can claim in your TOS that you have the right to hold onto all coins, but that doesn’t make it legal, and it doesn’t change the fact that this situation is theft.

@brett6934, your actions seem manipulative. You are trying to put pressure on the exchanger and the monitor administration in the public space. To resolve the situation, you need to pass KYC. You can contact the exchanger for this.

Public pressure should be applied to both you and the shady exchanger.

The real mistake was trusting you in the first place, and if anyone continues to trust you, they’ll only end up making the same mistake.

[Best_Change]

There is nothing wrong with placing multiple orders in one day. Why is that an issue? And what exactly is this need for KYC, especially when dealing with Monero, a cryptocurrency that can’t be “dirty”? What’s suspicious about that? Who gave this anonymous Whitebit proxy exchanger the right to demand anything from anyone? Their Terms of Service mean nothing because this is not a legitimate company, and what is happening here is illegal. You can claim in your TOS that you have the right to hold onto all coins, but that doesn’t make it legal, and it doesn’t change the fact that this situation is theft.

Hello,

Creating and paying seven orders in one direction in one exchanger and sending several transactions for a significant amount may be considered suspicious activity in splitting the deposit amount. Such patterns are considered high-risk regarding AML/CFT procedures aimed at combating money laundering and terrorist financing and may be grounds for freezing funds and passing KYC. The exchanger has requested that user data be passed the verification procedure in connection with the above. It is noteworthy that AML/CFT requirements apply to any financial services platform.

[Pmalek]

Who gave this anonymous Whitebit proxy exchanger the right to demand anything from anyone? Their Terms of Service mean nothing because this is not a legitimate company, and what is happening here is illegal. You can claim in your TOS that you have the right to hold onto all coins, but that doesn’t make it legal, and it doesn’t change the fact that this situation is theft.

I will never defend any exchanger or company that confiscates or freezes someone's funds using excuses and bullshit like money laundering, financing of terrorism, and other nonsense. But at the same time, I am not going to use such exchanges. Whether or not what they are doing is legal or not is not for me to say, but you have a choice to inform yourself about the service before depositing money into their custody. You can ask questions, read the terms, and understand what they mean. Doing some research and finding user feedback online can also tell you a lot.

Sadly, if you use a service, then you are bound to their Terms and Conditions. You might not like it but if you use it, it means you accepted the terms however predatory they may seem.

The real mistake was trusting you in the first place, and if anyone continues to trust you, they’ll only end up making the same mistake.

You are on the right track now. Don't send your coins to a service that has a history of shady business practices. It's better to lose a few percentages by using a trusted service than trying to save money by using something semi-good that then turns into a nightmare.

[brett6934]

We received evidence from the exchanger that the client created and paid for seven orders during the day.

So, what and is that illegal or something?

i also drink coffee and eat donuts several times a day and play PS5

I go to Starbucks 7 times a week and pay cash or crypto(they accept it) and Never have i heard from the Starbucks staff same bullshit like @Best_Change you said:

"Sir, you came to our coffee-shop for the 7th time and now we have to suspend your cash, no coffee untill you provide us with your ID and where this cash comes from"

7 different orders paid in 7 different transactions even to each order's amount

That one you and your chronies stole from one was the last one 100 XMR and paid in one go

i can share with people of bitcointalk a screenshot of all the transactions i made

each order was 50 or 100 XMR paid exactly as it has to be paid in single transaction, no splitting

@Best_Change you better come up witp better excuse

[brett6934]

Creating and paying seven orders in one direction in one exchanger and sending several transactions for a significant amount may be considered suspicious activity in splitting the deposit amount. Such patterns are considered high-risk regarding AML/CFT procedures aimed at combating money laundering and terrorist financing and may be grounds for freezing funds and passing KYC. The exchanger has requested that user data be passed the verification procedure in connection with the above. It is noteworthy that AML/CFT requirements apply to any financial services platform.

Who is talking???

Again and for the 2nd time @Best_Change contradicting himself by covering his ass with AML/CFT procedures pretending to play in legal legality toys, and still, at the same time promoting illegal exchanges. I can give a number of exchange directions(options) @Best_Change recommend in USA, Canada, UK, Japan where min deal is 10k usd cash. LOL
DO you feel where it is going and what they do?

@Best_Change recommend its clients cash to crypto an back exchanges https://asktom.cf/index.php?topic=5179115.msg64882812#msg64882812
and getting paid from this deals - can you explain what Does your AML/CFT think about this activitys? Did they issue a special permission to BestcCHange only and you have a Green Light on this activity but no others can have it? Run guys but don't foget to fuck other on AML/CFT scam

How @Best_Change is still talking about AML/CFT what are two faced cunt!!!!!!

The one(@Best_Change), who is running illegal business and covering scamers, says that my coins are money also illegal, laundering or terrorist financing, OMG!!! Look at them!!!

tell me if i am wrong

[Knight Hider]

Creating and paying seven orders in one direction in one exchanger and sending several transactions for a significant amount may be considered suspicious activity in splitting the deposit amount.

Splitting deposits to untrustworthy exchangers in several transactions is much smarter than sending all-in.

[examplens]

Creating and paying seven orders in one direction in one exchanger and sending several transactions for a significant amount may be considered suspicious activity in splitting the deposit amount.

Splitting deposits to untrustworthy exchangers in several transactions is much smarter than sending all-in.

Exactly.
However, I would also say that avoiding untrustworthy exchangers is also a smart move. Or to rephrase, exchanges in which you do not trust that at some point you will give your data and pass KYC, we should avoid them. Especially if they leave the possibility for such a thing in their TOS.

[logfiles]

Is seems easyswap.biz is still operating, now redirecting to a new domain, easyswap.me. They silently relaunched themselves in this forum without explaining what exactly happened. I wonder if this forum's admins allow this sort of thing, especially after banning mixers for similar reasons of domain seizures.

I also can seem to get this website to get me the full list of seized exchanges, any clues? ---> (https://www.finalexchange.de/en)

[coupable]

Is seems easyswap.biz is still operating, now redirecting to a new domain, easyswap.me. They silently relaunched themselves in this forum without explaining what exactly happened. I wonder if this forum's admins allow this sort of thing, especially after banning mix-ers for similar reasons of domain seizures.

The forum administration has nothing to do with the topic and moderators cannot intervene unless there is a violation of one of the forum rules. The trust system is the community's means of warning against fraud and scamming schemes.
The decision to ban mix-ers' activities does not only concern suspicious services but also includes all activities related to them. Trading platforms and mi-xing platforms cannot be compared in this regard.

I also can seem to get this website to get me the full list of seized exchanges, any clues? ---> (https://www.finalexchange.de/en)

Like you, I checked the link and didn't find any list of the platforms that were seized. I also searched for the same list using search engines online and didn't find any reference to it on any of the news sites.

[examplens]

Is seems easyswap.biz is still operating, now redirecting to a new domain, easyswap.me. They silently relaunched themselves in this forum without explaining what exactly happened. I wonder if this forum's admins allow this sort of thing, especially after banning mixers for similar reasons of domain seizures.

A similar thing is with CoinBlinker.com, which is now redirected to CoinBlinker.me

I also can seem to get this website to get me the full list of seized exchanges, any clues? ---> (https://www.finalexchange.de/en)

Like you, I checked the link and didn't find any list of the platforms that were seized. I also searched for the same list using search engines online and didn't find any reference to it on any of the news sites.

That's why the web Archive we have. 

https://web.archive.org/web/20240920063721/https://www.finalexchange.de/en

here is a list

Code:

BTCRotor.com
Monetkin.me
Royal.Cash
Wiki-Exchange.com
BlaBlaChange.com
ExchangeKey.org
Abcobmen.com
AlfaChange.net
TipTopObmen.com
BazaObmena.com
NiceChange.net
YChanger.org
24PayBank.net
TipTrone.com
CookChanges.com
WildExchanger.com
Check-Check.cash
Godofexchange.com
Cointrop.com
MajorBox.cash
Hill.Money
BitUniverse.top
BTCBoss.cc
CryptoTonna.com
EasySwap.biz
Cryptobaron.org
BitFondo.com
IceSatoshi.com
CrystalMoney.net
NitroCrypt.net
BlaBla.Money
DotSatoshi.com
Nordchange.com
BTCWorm.com
Mchange.net
Ex-Money.cc
Cryptostrike.org
GrandChange.cc
Bankcomat.com
Multichange.net
4ange.me
CoinBlinker.com
Xchange.cash
60cek.org
Baksman.com
Prostocash.com

[avp2306]

Is seems easyswap.biz is still operating, now redirecting to a new domain, easyswap.me. They silently relaunched themselves in this forum without explaining what exactly happened. I wonder if this forum's admins allow this sort of thing, especially after banning mix-ers for similar reasons of domain seizures.

The forum administration has nothing to do with the topic and moderators cannot intervene unless there is a violation of one of the forum rules. The trust system is the community's means of warning against fraud and scamming schemes.
The decision to ban mix-ers' activities does not only concern suspicious services but also includes all activities related to them. Trading platforms and mi-xing platforms cannot be compared in this regard.

If there's a large scale seizing of those exchange and threat for the platform which those illegal exchange will be promoted then provably that forum administrator would provably ban them the same as what they do to mixers.

But for now for sure that they are monitoring the scene and will do good action or decision regarding on those case. For now I agree that we cannot compare these situation to mixers also what happen to it since the situation is different. Maybe Germany is seizing those illegal or unlicensed exchange operating in their country or maybe those suspected to be involve on illegal activities.

[hugeblack]

The forum administration has nothing to do with the topic and moderators cannot intervene unless there is a violation of one of the forum rules. The trust system is the community's means of warning against fraud and scamming schemes.
The decision to ban mix-ers' activities does not only concern suspicious services but also includes all activities related to them. Trading platforms and mi-xing platforms cannot be compared in this regard.

I think they can be considered running illegal services, and advertising illegal services is against the forum rules. Why are they trying to rename the service with the same old name?

A similar thing is with CoinBlinker.com, which is now redirected to CoinBlinker.me

The strange thing is that the domain was not seized.

[coupable]

The forum administration has nothing to do with the topic and moderators cannot intervene unless there is a violation of one of the forum rules. The trust system is the community's means of warning against fraud and scamming schemes.
The decision to ban mix-ers' activities does not only concern suspicious services but also includes all activities related to them. Trading platforms and mi-xing platforms cannot be compared in this regard.

I think they can be considered running illegal services, and advertising illegal services is against the forum rules. Why are they trying to rename the service with the same old name?

A similar thing is with CoinBlinker.com, which is now redirected to CoinBlinker.me

The strange thing is that the domain was not seized.

I don't know if it is one of the forum rules not to launch prohibited services since the ban policies differ from one legislation to another. Mixer services are not illegal according to a clear legal text and their use alone does not warrant punishment unless involvement in suspicious activities is proven, but they cannot all be convicted of the same charge. The forum administration decided to ban all mi-xer content as a protective measure and not because someone asked them to do so because they are considered illegal. Mix-ers use other platforms for advertising. I will agree with the admins if they decide to take precautionary measures against any type of services that could threaten the forum's reputation, but without that limiting the freedom of users. The trust system on the forum plays an important role in balancing freedom of expression and publication, and not getting involved in promoting illegal services of any kind.