Can’t withdraw from KuCoin without complying with their ridiculous requests!

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Can’t withdraw from KuCoin without complying with their ridiculous requests!

I made the mistake of keeping some funds in some centralized exchanges some years ago, one of them being KuCoin. Recently I've got an email saying they're going to start charging "Dormancy Fees on Inactive Non-KYC and Non-KYB Accounts" very soon, so I decided to withdraw everything and close the account…

I would have done it, but I forgot my trading password so I chose to reset it.

In order to reset that password, first I needed to send a selfie with my ID and a note, like it's usual for KYC.

After having done that, I'm asked this:

  1. A video documenting the external transfer record from another platform. This video should capture the entire process of logging into the other platform and must clearly display the URL or wallet address, the name of the coin, the quantity, the date, and the TXID of the transfer record.

This video will walk you through a step-by-step guide on how to provide the correct screenshot to us.

  1. You are obliged to provide a video footage via the link (link removed).

In the video, please hold your ID and a handwritten paper note with “Today's Date/6-Digit dynamic code/Your name/Unbind Google 2FA(Reset trading password/Change phone number)” and repeat the following statement “I hereby voluntarily apply for this account to XXXXX at KuCoin, and I am willing to take all the corresponding legal responsibilities.”

This is really outrageous. I don't want to lose my funds, but I don't understand how this can be legal. Has anyone gone through these steps successfully? I guess I don't have a choice? Is it ethical? How hard can they fuck me after this?

submitted by /u/_cyb3r_
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