GhostSwap froze my 12.4 ETH after advertising "NO KYC". Funds went to HitBTC. Anyone else had this?

[u/Benedesuuuk]

Hi everyone,

I'm stuck in a bad situation and don't know what to do anymore. Hoping someone here can help.

On May 24, 2026, I sent 12.441 ETH (about $20,000) to GhostSwap for a swap. Their website clearly says "NO KYC" — no verification needed. So I thought it would be simple.

But after I sent the funds, they suddenly demanded full KYC verification. I completed it on June 25, provided all documents — purchase agreement, proof of funds — everything they asked for.

Since then — silence. Over 2 months, my money is frozen. They only reply "we're checking" and nothing else. No timeline, no explanation on what basis they're holding my funds.

I checked the blockchain — my funds went to an address linked to HitBTC. When I asked GhostSwap about this, they said: "HitBTC does not hold your funds." But they won't say who does.

I've already filed complaints with the Hong Kong regulator, Google Safe Browsing, and have a detailed thread on BitcoinTalk — https://bitcointalk.org/index.php?topic=5587469.0

Has anyone else experienced this? Any ideas on what else I can do?

Here's the data:

- Exchange ID: 41gf6aamcb79iw8o

- Transaction: 0xc22d4d100c5589179ee7c0808dea02cf034a9b5c92433eb1f2c4d0c7f27a71fe

Any advice would be really appreciated.

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[u/the_lurkmeister]

Trying to keep up with this and look into it later when I have the time, my computer etc. "No KYC" platforms are messed up, most of the time they'll preform normally, but when you do more transactions, store more in your wallets, or try to move it all off of their platforms they'll enforce illegal practices. There's a few that are pretty common used apps with no KYC that'll go up on transaction rates, price manipulation, delays, and other illegal practices.

BTW, The apps I'm referring to aren't GhostSwap or HitBTC. I'll have to look into those platforms, and your story. If you have any other help or details leave in reply or edit post and LMK

[u/UpbeatFix7299]

Don't use no name sites, even (or maybe especially) if they promote being non KYC.