Policy changes coming this weekend
Posted: Thu Oct 26, 2017 8:46 pm
There will be a few policy changes coming this weekend, which will affect a large number of customers.
First, attempting to log into more than five accounts with invalid passwords will result in a permanent ban for that IP address. There doesn't seem to be any legitimate reason why one address would need to log into so many accounts. Even if you mistype your username, that would only result in two invalid account logins. The existing limit of 25 login attempts per day for any single account will also remain active.
Second, customers with two-factor authentication disabled will be prohibited from raising the payout threshold on their accounts, meaning that they will be forced payouts at $1 (except for some coins.) The change will be applied retroactively to existing accounts, so there will be a large number of payouts the first day when we get this enabled. You can avoid this new restriction entirely by enabling two-factor authentication.
In the future, we are also considering banning payouts in bitcoins for accounts without two-factor authentication, since we can't lower the payout threshold for that coin low enough for accounts that are weakly protected. If that is implemented, it will occur at a later time and be announced in advance.
Thanks for your understanding as we continue to add additional security measures to prevent crime and make it easier to report criminals to the police. Enabling two-factor authentication is simple and will exempt you from these and future restrictions.
First, attempting to log into more than five accounts with invalid passwords will result in a permanent ban for that IP address. There doesn't seem to be any legitimate reason why one address would need to log into so many accounts. Even if you mistype your username, that would only result in two invalid account logins. The existing limit of 25 login attempts per day for any single account will also remain active.
Second, customers with two-factor authentication disabled will be prohibited from raising the payout threshold on their accounts, meaning that they will be forced payouts at $1 (except for some coins.) The change will be applied retroactively to existing accounts, so there will be a large number of payouts the first day when we get this enabled. You can avoid this new restriction entirely by enabling two-factor authentication.
In the future, we are also considering banning payouts in bitcoins for accounts without two-factor authentication, since we can't lower the payout threshold for that coin low enough for accounts that are weakly protected. If that is implemented, it will occur at a later time and be announced in advance.
Thanks for your understanding as we continue to add additional security measures to prevent crime and make it easier to report criminals to the police. Enabling two-factor authentication is simple and will exempt you from these and future restrictions.