Crypto Bridge, a popular decentralized exchange has announced that it will soon be shut down. Crypto Bridge runs on bitshares platform which is quite popular among decentralized exchanges. We think its downfall started the day it enforced KYC for doing withdrawals.
Crypto Bridge last day for withdrawals
All services and servers will cease to work after December
15 and deposits will be closed after December 3 23:59 GMT with withdrawals
following after December 15 23:59 GMT.
In other words, you have very little time to get KYC done
and get your funds out.
Say good-bye to my 500 sats stuck there.
One of my favorite exchange scams was theirs.
I had to buy some $BTS scam token to pay fees on a masternode scam coin $APER.
This was also a preferred exchange for many projects that didn’t
have enough funds for listing on a big exchange like binance and huobi.
Many saw it coming
Many users actually saw this coming the day they announced that they will need you to do KYC for withdrawals which was odd for a decentralized crypto currency exchange. Many decentralized exchanges like stellarport, Idex need KYC for certain withdrawals.
It was the best of times… It was the worst of times… it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair… Glad I got out and didn’t KYC