Crypto Exchange Dispute - crypto exchange froze my withdrawal

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Started by tiffany_c_33 · Jul 12, 2024 · 1,447 views · 6 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
TC
tiffany_c_33 OP

Looking for advice on a legal issue. Here's what happened.

crypto exchange froze my withdrawal. I've been dealing with this for about 5 weeks now and the situation isn't improving.

The amount being held/disputed is approximately $20,184. I have tried contacting customer support 3 times with no resolution.

Do I have a strong case? What should my next steps be?

RD
reasonable_doubt_dave_20

Following this thread — Are you me? Literally going through this rn.

SLS
plea_bargain_bob_13

Can confirm the demand letter approach works. I used a template from a legal website, customized it with my specific facts and statutory references, sent it via certified mail, and had a settlement check within 30 days. Total cost: $7 for postage.

LT
lost_tenant_54

Make sure you're tracking cost basis correctly. That's where most people mess up with yield farming.

RF
random_founder_92

Thanks for the update OP. Glad things are moving forward.

WE
worried_employee_2

This is why I just use a CEX now. DeFi tax headaches aren't worth it for me personally.

CP
confused_person_74

The Infrastructure Act reporting requirements are going to make this even more complicated.