Changelly Denies Stealing Monero From Its Customers

  • Alex Dovbnya
    📰 News

    Changelly s reportedly putting controversial privacy coins in the likes of Monero (XMR) under intense scrutiny. Reddit users complain about Changelly quarantining Monero


Changelly Denies Stealing Monero From Its Customers

Changelly, a Prague-headquartered cryptocurrency exchange, is reportedly putting controversial privacy coins in the likes of Monero (XMR) under intense scrutiny. Reddit users overwhelmingly complain about Changelly quarantining Monero due to alleged KYC non-compliance. The funds are being withheld indefinitely until things lighten up, which prompted many Monero holders to accuse the exchange of basically stealing their money under the veil of regulatory hurdles.

A Changelly representative confirms the reports but insists that they do not discriminate against Monero, which has been listed on the exchange for months. It just takes more time to process transactions that involve privacy coins.

 

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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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