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DOGE · 5w

Will HitBTC Repeat Mt. Gox’s Fate?

Something is not right with their pushy strategy and it can be sensed. Perhaps it has something to do with the fact, that large amount of users are having problems with withdrawing they funds may be caused by the lack of money and/or an exit scam they are planning. Perhaps HitBTC is trying to desperately raise as much money as possible top safe itself from bankrupcy?

“Integration”

You don’t get listed on HitBTC, it’s called “integration”. Also there will be no agreement or any official contract between you and HitBTC. You just simple pay to them and they “integrate” your token on their exchange.

Of course even an idiot will understand that this is done solely to protect their legal interest and so that they could terminate the “integration” any time they want without any legal consequences.

KYC

In order to get listed on HitBTC half of the team is required to send a photo of them holding their ID in front of the computer screen with the email from HitBTC on it.

This could be normal, if there was an official contract and if HitBTC would also at least provide printout from company registry and ID of their director, which they don’t.

Like many other dishonest companies HitBTC does a hard work of hiding their true identity and you are in contact only with low level employees.

True Identity of HitBTC?

On HitBTC website they claim to be registered under the name of:

Hit Solution LimitedUnit 19, 7/F., One Midtown №11 Hoi Shing Road, Tsuen Wan, New Territories, Hong Kong

And to have an office in:

Av Vitacura 2969, Las Condes, Región Metropolitana, Chile

However on the invoices they have other company details:

Hit Tech Solutions Development Ltd.Suite 15, Oliaji Trade Centre, Francis RachelStreet, Victoria, Mahe, Seychelles

But if you go digging a bit deeper, more interesting information is found.

According to Digiconomist, neither the location of its headquarters nor the identity of its owner...
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