What a disgrace. A flat 5% withdrawal fee? Insane minimum withdrawal amounts (0.1 BTC, 5 ETH, 40XMR, ...)?? Are they crazy or is that their own form of an exit scam? As they are properly registered as a company in denmark I hope someone takes this case to the appropriate authorities.
I have reported them to the Danish FSA but the more people who do the same the better, I encourage everyone with trapped funds or not to report them.
Stop fudding or at least read the defenition of exit scam.
Raising withdraw cost is no exit scam which proof you are in person as you received your coins.
How is suddenly charging a 100x higher fee when withdrawing just 1 Bitcoin and preventing the majority of users to withdraw their funds due to crazy minimum withdrawal amounts not a form of a scam? Both these actions are even illegal as customers need to be informed before such drastic changes are done by EU law. And what if they charged a withdrawal fee of 99.9%, how would you call that?
Don't get me wrong but do you ever read TOS when using a "financial" service ?
No court speaks in favour of people who do not read TOS
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I expect OpenLedger to shut down in the next 1-2 weeks. Clearly their fee and withdrawal "changes" serve no reason other than ripping people off, earning a ton from withdrawals and keeping a ton of assets below the minimum withdrawal amounts - they obviously cannot stay competitive like this. Also, by EU and danish law they would need to introduce KYC and AML stuff by early january 2020 which they most likely don't plan to do.
Still it's clearly no exit scam.There seems to be another reason for these drastic changes.Would it be an exit scam OL would have implemented KYC already to even increase the burden for withdrawing funds like CB did.
Don't get me wrong but OL's new project would be instantly dead would they run an exit scam.
Nobody would invest so much money into a new project run by the same company when having bad intentions in mind.