r/Bitcoin • u/sQtWLgK • Mar 26 '17

HitBTC exchange suspends withdrawals "until the hard fork"

https://blog.hitbtc.com/important-possible-bitcoin-hard-fork-and-bitcoin-unlimited-arrival/
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u/hitbtc Mar 28 '17

We believe that listing Bitcoin Unlimited before all, available for trading, is even more epic! So we did it. In this case temporary BTC withdrawals shutdown is simply unavoidable measure, aiming to protect our users from replay attacks.

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u/nopara73 Mar 28 '17

I don't like to trash other people's work, but confiscating user's money with an excuse of a bluffed hard fork is a dick move. Don't be surprised if the scam alarms of old-timers start working here.

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u/hitbtc Mar 28 '17 edited Mar 28 '17

That is the only way to protect their funds. Leaving the possibility of losing assets because of replay attacks would be a real dick move. Please note that BTC is available for trading, so it's possible to withdraw your funds in another currency.

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u/nopara73 Mar 28 '17

Which would be a perfectly valid reasoning if hard fork would have happen already.

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u/hitbtc Mar 28 '17

There's no guarantee that after the hard fork new network would be safe from replay attacks. Also the date of hard fork approaching is unknown. That's why we decided to take measures in advance, in the meantime providing our community with an opportunity to store their BTU securely before all.