CoinJelly Exchange to Close Customer Bitcoin Accounts Within 24 Hours

CoinJelly Exchange to Close Customer Bitcoin Accounts Within 24 Hours

CoinJelly has announced via Twitter that customer accounts will remain open for a further seven days. The company said 98% of users had already withdrawn their bitcoin and confirmed that it had a "small fund" for those who miss the deadline. Bitcoin exchange and wallet service CoinJelly has announced it is to close all user accounts within 24 hours. CoinJelly's founder and director Ash King said the closures have come about because ownership of his company has changed hands. However, he declined to make further comment about this claimed acquisition, other than "we were not purchased for....


Related News

CoinJelly Exchange to Offer Debit Cards, 'Bank-Level' Services

A new exchange and wallet service based in Australia and Hong Kong says it is building 'bank-level' services around bitcoin, designed to appeal to both serious traders and everyday travelers. CoinJelly will launch two exchanges for high-volume traders, initially for the Southern Hemisphere and then soon after, the Northern. Notably, its consumer wallet option features an ATM/debit card network for use worldwide. In perhaps its most novel approach, though, the company claims it has insured its bitcoin ecosystem against loss for up to AUD$20m ($18.7m), or 20 BTC per customer. Accounts will....

Bitstamp to Stamp Out Unverified Customers' Accounts in Three Days

Customers who do not verify their Bitstamp accounts by November 13 could have their funds seized by regulatory authorities. On Monday, bitcoin exchange Bitstamp issued a reminder to customers that they have three days to verify their accounts. Following that deadline, the company will close the accounts, and government regulatory agencies can seize any remaining funds. Also Read: Bitstamp Provides Proof Of Bitcoin Solvency As First Step Towards A Real Financial Audit. Unverified Bitstamp Accounts Have Three Days to Comply. Nearly four weeks ago, Bitstamp announced customers had until....

AT&T Sued by Customer After Security Breach Led to Theft of Cryptocurrency

An AT&T customer filed a lawsuit against the company last week accusing it of failing to provide “reasonable and appropriate security to prevent unauthorized access to its customer wireless accounts.” This has led to the theft of cryptocurrency from the plaintiff’s crypto exchange account. AT&T Sued by Crypto Investor An AT&T customer, Jamarquis Etheridge, filed a lawsuit in the district court for the Southern District of Texas against AT&T Inc. and AT&T Mobility LLC Wednesday. Etheridge, a resident of the U.S. state of Texas, has been a customer....

Bitstamp Reminds Users That Unverified Accounts Will Be Closed

Bitstamp users are being warned that if their accounts are unverified, they won't be active for much longer. The exchange took to their news page recently to remind users of a change in the company's Verification Policy that took effect on the 4th of September, 2013 in which accounts that are not verified violate Bitstamp's AML/KYC (anti-money laundering/know-your-customer) policies. "Bitstamp cannot allow unverified accounts to trade or offer any other services, as doing so would violate our AML and KYC policies," the company writes. Users will have a total of 28 days in order to get....

Commonwealth Bank closes CoinJar's business and founders' personal accounts

Commonwealth Bank in Australia has closed the personal accounts of the co-founders of bitcoin wallet CoinJar after freezing the company's business account. On Friday (August 9th), the bank stopped processing the company's automatic payouts. Asher Tan, co-founder of CoinJar, contacted Commonwealth Bank numerous times and received "mixed messages", with one customer service member revealing the account was being closed, while another claimed there was simply a lock on the payout facility. Tan tried to close the account on Wednesday, but was told this wouldn't be possible. He then found his....