Steve Sokolowski wrote:The policy is that in the case that an exchange goes bankrupt or refuses to pay us money that we owe to customers, we reserve the right to declare the exchange's balance a loss.
OK, you declare it a loss. So, hypothetically, If say you claim all your LTC and BTC wallets get frozen, then technically you never have to pay out either of those coins ever again? If the wallets those coins were kept in disappear, you do not have to pay us? You would just declare it a loss and tell everyone the coins we owed you are frozen and then the exchange went offline, you worked for free. I'm not sure that works for me, sorry.
So you have a policy that denies people payment for work previously done in the case the place holding SOME of your money denies you access while you still have access to other funds that could be paid out for work already performed. That's interesting.
I'm not sure as a legal U.S. company you are allowed to withhold payment just because a bank puts a freeze on one bank account, If you still have access to another unfrozen account don't you still owe people for work already done? I'm not sure you can just write off paying them what is owed.
If you owe $12,000 USD and all you have is $8,000€, it seems pretty easy, trade one in for the other and payout what is owed.
You are saying that we just have to wait until the bank releases the 12,000 USD and in the meantime we get 0 and you get to keep holding on to the 8,000€?
