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.