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by COINS NEWS 217 Views

If you support crypto, please read.

I know many of us disagree on many things. We all have our favorite pet projects and argue about everything from proof of work versus proof of stake, to store of value versus medium of exchange. Some of us are into defi, for others its NFTs; maybe it's meme tokens that float your boat, or just plain old electronic cash.

But I like to believe we also all share something in common. We believe in the power of crypto. We believe in what it represents and what it can one day make possible. But it's not just going to happen on its own. The future isn't going to be handed to us on a silver platter and it's going to take as many of us as possible to fight the powers that be and make our voices heard.

I'm not proposing we take down the fed tomorrow, but what I am talking about is something much smaller, something I'm hoping you can help me set right.

The other day I posted here about the exchange Kucoin. I explained how they've been holding ~$50K of my BCHA (aka XEC on every other exchange) for over six months without letting me withdraw. I shared emails showing how they've given me nothing but the runaround since May, and how Kucoin themselves had announced their support of this project 3 months ago, causing me and others to buy even more.

People's exchange my ass.

But they've failed to live up to their word.

While I was thankful to see so many kind and supportive comments, giving me hope for the crypto community at large, I'm sorry to say Kucoin still has yet to tell me when I'll be able to withdraw my coins.

To those who suggested I just sell my BCHA and withdraw in USDT, the fact is I can't because there is no liquidity left. Who wants to buy a coin on an exchange if you can't withdraw, and I hold enough coins that I would have to sell for cents on the dollar if I did. Not to mention I'd just be passing off the problem to some other poor soul.

But what's most important is that I shouldn't have to do any of that. And giving up would just be letting Kucoin off the hook, which I'm not about to do.

So I'm asking for help from the wider cryptocurrency community. I want to believe that people in this community, more than any other, understand the difference between right and wrong and believe in a sense of justice in this world.

I'm asking you to help me right this wrong, and share this post with as many people as possible. My goal is to reach the top of this subreddit and send a loud message to u/Johnny_Kucoin (Johnny Lyu, CEO of Kucoin) that his exchange can't get away with this.

At this point I know that ~$50K of my money is probably gone, but I want everyone in crypto to hear about this so they understand the type of exchange Kucoin is. Because if they can steal my money, there's nothing stopping them from doing the same to you.

I for one am tired of industry players who give crypto a bad name. It's time to call out bad actors and send a message to these companies that they must treat their customers right or we'll simply move our business elsewhere.

I know this is a longshot, but I'm asking you to spread the word, because I am confident that this space is full of amazing people who believe in supporting each other and holding bad actors accountable.

I'm not a vindictive person. I don't want Kucoin to go out of business. I just want them to do the right thing and make sure others aren't cheated out of their money like I was.

Thank you for reading and best of luck to everyone.

submitted by /u/BCHcain
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