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.

 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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