In November 2019 I did online trade for cryptocurrency. I sold it to person, on the website for trades. Everything was good I got my funds to my debit account. But after couple of days right before my wedding I got a call from Bank of America department. They put my account on hold and limit access to it, the reason was that person who sent money did claim on me. This brings me so much stress because it’s happens right before weeding. I provide tones of papers with proves of that how I got my money. They did investigation around a month, but they even didn’t notify my about decision only once I called them they said that claim was denied and fortunately I got my money and access back. But what happens today puts me in shock. They called me and said that they deducting 1500$ because of that case and said that decision about this case has been made and no matter if I agree on that or not. They said that money has been sent to me from person account by somebody else, that person didn’t sent those funds, like somebody hacked his/her account and did it. I lost my cryptocurrency and I lost my money, so they literally put me in debt! What the solutions?
Buying and selling cryptocurrency is risky due to the possibility of fraud. What happened to you is that your cryptocurrency was stolen from you, the good news is that you did not lose much money here. Since you did not use your bank’s platform to sell the cryptocurrency, they cannot be held accountable for the theft. The platform you used to sell the cryptocurrency might potentially be liable, but the amount of money you lost, $1,500, will come close to the cost of a litigation and hence from a financial standpoint, does not justify it. Only lesson here is that you are lucky that you only lost $1,500, and you should find a more safer platform to make your cryptocurrency trades in the future.
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