Burned Crypto Investor Claims Bittrex Keeping $100K in BCH/BSV Mixup

Published:

17/06/2019 21:20

EST. Journalist:


By CCN Markets: Imagine you sent $100,000 worth of Bitcoin Cash (BCH) somewhere. Then you opened up Bitcoin SV (BSV) and accidentally sent another $100,000 SV to that same address. Then you find it is locked up. That’s alright. You know the holder – an exchange. Surely an exchange won’t just hijack that amount of funds?

All of the above is very close to what happened, according to a source writing to CCN and elsewhere. The exchange in question is not a Russian backwater operation or something you’ve never heard of – it is Bittrex.

A $100,000 Crypto Mistake

Here’s what the user says happened:

“Just lost 100k with Bittrex sending BCH together with BSV. Somehow half of BCH been transferred together with BSV. Bittrex doesn’t want to return my funds. They have private keys and can do, but say that will not do. Does anyone have contacts of higher managers or their financial support to fix this issue directly? All I get is typical replies like from a robot. It is ok if it were 100 USD but this was 100K on Bittrex account which they don’t want to return.”

To CCN, he wrote:

“I’ve been messaging to support regarding this for many days and no one tried to help me. Created many support tickets. They all just replying like robots and that will not refund any cent. I believe that someone of workers can even steal that money after some time without notifying their chiefs. This amount is very big for me and my family.”

No good seems to have come of the situation yet.

The Bitcoins Speak the Same Language, but They’re Not Talking to Each Other

For those that don’t understand, here’s how it works — every “fork” of Bitcoin shares a block history, and thus addresses, with each other.

Bitcoin SV forked away from Bitcoin Cash and included the addressing scheme used in Bitcoin Cash. On both, you can still use the traditional Bitcoin addresses that begin with 1. If you broadcast such a transaction

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