WARNING | $123,000 USDT Frozen by Changelly | 23 Days with No Resolution
Edited By
Fatima Al-Farsi
A user is facing a major issue with Changelly, claiming their $123,000 in USDT has been frozen for 23 days without any clear explanations. This alarming situation raises questions about transparency in the crypto industry.
Context of the Issue
On March 31, 2025, the individual, using their firm’s verified identity, attempted to swap USDT for BTC through Changelly. Despite completing all required KYC/AML requests and sending formal legal demands, they received vague responses from the platform. The user states that this incident reflects a larger trend where many people report similar experiences with frozen funds.
"This isn’t just a personal issue—this could happen to anyone using their platform," they emphasized.
Concerns from the Community
Several comments have surfaced regarding the Changelly situation:
Trustworthiness of Partners: Users are calling for reputable companies like Trezor to dissociate from Changelly, citing concerns about how funds are handled.
Safety in Storage: Many are advocating for cold wallets as a safer alternative, highlighting the risks of using platforms for trading or staking.
Rising Tensions: The frustration among users has been palpable, with one commenting, "I will not stop until I find these people and get my money back."
"I’m happy to provide all necessary proof as I have nothing to hide," the affected user stated, underlining their commitment to resolving this issue.
The State of Changelly
The lack of communication has sparked widespread concern. With BTC prices hitting around $93,000, the user’s financial loss feels even more acute. This situation prompts a critical question:
Community Reactions
Responses from others reflect a mix of concern and determination:
"Thanks for this warning. Hope you will be successful"
"This is why I strictly use cold wallets"
"You should know that you are staking with Everstake, not Trezor"
Key Insights
💰 Over $123,000 frozen in limbo, sparking user outrage.
🤔 Many users echo concerns about the safety of funds on Changelly.
🔄 "This sets a dangerous precedent," tweeted a community member.
Stay vigilant and ensure your funds are protected!