HitBTC Dismisses Allegations It Froze Accounts in Reply to Proof of Keys Event

Cryptocurrency exchange HitBTC has rejected allegations by a number of the business ’s best selling figures which it had been intentionally freezing consumer account, the company informed Cointelegraph within an email Jan. 3. Mayer’s Proof of Keys event advocates a mass withdrawing of all funds from exchanges and other centralized third parties now, Jan. 3. The event was allegedly created to promote responsible use of decentralized cryptocurrency by users demonstrating their control of the very own personal keys. Adhering to a request for comment, Peter Swen, a representative from the market ’s marketing team, denied any connection between accounts freezes and Thursday’s continuing Proof of Keys event.

HitBTC is now the world’s 14th biggest crypto exchange by corrected daily exchange volumes, visiting $208.9 million in trades over the previous 24 hours to media the time. On Twitter, swap officials were also working to cancel unease expressed by users following the suspicions were also beamed. In one message Jan. 2, the exchange hinted it would publish a formal statement shortly.
Released at Thu, 03 Jan 2019 13:33:00 +0000 After consumer complaints on social networking, Proof of Keys’ organizer Trace Mayer had publicly suggested that HitBTC might be deliberately disabling withdrawals in reaction to the function. He was subsequently joined by others in his mind, including John McAfee, pocket maker Bitfi and entrepreneur Tuur Demeester. “Therefore, we don't turn off some safety tools or checks. Not on routine days, rather than on particular days; including events and flashmobs such as Proof of Key Day (January 3rd). ”
“All these temporary withdrawal freezings are a result of our global KYC and AML steps. HitBTC hasn't released a public reaction to the allegations, while Swen flatly refused to acknowledge any connection between the withdrawal freezes and Proof of Keys, which he explained as a “flashmob. ”