Saturday, 2 February 2019

How I Lost My Home in An Earthquake And All My Life-savings on a Cryptocurrency Exchange Called Bittrex Due To U.S. Sanctioning Normal Iranian Citizens

TL;DR: I lost my house in an earthquake and also all my crypto on an exchange because U.S. government sanctioned normal Iranian citizens like me and now I'm homeless.

You can read the full story here on my blog:

LINK TO FULL STORY ON MY MEDIUM BLOG

For those who might say you shouldn't have held your Bitcoin on an American exchange: we couldn't buy hardware wallets back then because Iran was and still is sanctioned. Online wallets were mostly following U.S. laws too. We contacted Bittrex (evidence is posted in my blog post) a few times and they said they have no problem with Iranians using their exchange and they didn't have any lines prohibiting Iranians from using their exchange in their TOS. So Bittrex appeared to be the safest option for us since it was reputable back in 2017, but alas!

submitted by /u/CDaemon
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source https://www.reddit.com/r/btc/comments/ame81n/how_i_lost_my_home_in_an_earthquake_and_all_my/

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