Most cryptocurrency users are concerned over the USDT issue. With so many new tokens in circulation and no independent audit, things have become very dubious. TO make matters worse, it now seems HitBTC users can no longer move USDT either. Withdrawing is impossible and trading with this “altcoin” is very spotty. This is not a good development by any means. Moreover, the exchange’s support team seemingly has no explanation for this development either.
There have been quite a few oddities with Tether in recent months. Their issuance of USDT tokens has been documented multiple times. It seems new tokens are brought into circulation every time the Bitcoin price takes a big hit. This may still be a big coincidence, but few people seemingly believe that. It is evident things aren’t adding up and speculation will run wild until we see official clarification regarding this matter.
More USDT Woes to Deal With
To make things worse, it seems HitBTC users can no longer use or withdraw USDT. That is a rather worrisome development, even though it is one of the smaller exchanges. People have reported issues with this site for a few days now, most of which seems to be related to USDT trading. It is uncanny how this “asset” can effectively cause so many problems in quick succession. How all of these issues will be resolved, remains to be seen.
Adding to the list of oddities are the growing number of unconfirmed transactions from one of Tether’s wallets. More specifically, Omnichest shows several dozen unconfirmed outgoing transactions. Unlike previous transactions, these are not for big amounts per se. Some transactions are as small as 600 USDT. Nor are they labeled as “Grant Tokens” either. Something isn’t adding up in this regard, that much is rather evident. How this will affect HitBTC and possibly other exchanges moving forward, remains to be seen.
For now, it remains unclear if this is a Tether or HitBTC issue. We do know the Omni developers added a feature for centralized issuers to freeze specific wallets. It is highly doubtful Tether would do something like that for HitBTC, though. At the same time, one can’t deny the possibility exists, even though it would serve no real purpose. A lot of frustrating things are going on with HitBTC and USDT, that much is evident. The “currency operations not available” error is certainly worrisome.
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I havent been able to trade or withdraw any of my coins on hitbtc since 4th december 2017, says “currency operation not available” no response from support
worst thing is the transaction hash they posted in withdrawal payment history can not be found anywhere on the blockchain.
usdt is going to be responsible for a bear market if it isnt stopped soon
Continuity and progress are indispensable in our works.
I HAVE LOST 500.000 USD
BITCOIN AND ALL CRIPTOCURRENCIES WILL GO TO ZERO…RUN NOW !
how did you exactly loose that?
I’ve lost 17k sending tether from hitbtc to binance over 3 days is it gone?
HitBTC is not only having problems with USDT withdrawals but also dozens of other coins
Thanks for the heads up
Most likely we are looking at cryptsy 2.0 with much bigger scale
Not only usdt, stratis, neo , xrp , xem all waiting for a long time now
Yes, and there own forum, twitter, subreddit, bitcointalk are all filled up with complaints.
Transferred 150k worth of LTC from hitbtc and the transaction went nowhere. Coins are locked in a never ending pending transaction. The transaction hash is not original, there are duplicates still being given out when I search for it on google.
I just don’t know what they would gain from that? I mean what are they hoping to accomplish if they are sending LTC into the limbo. I also got a wrong tx id. Does that mean it has been sent. Sent to no where? If yes then that’s fucking horrible. Especially for you. Are those 150k gains from the past months or you invested so much?
Lol, mine are just fine, i’ve received my 500k perfectly on my bank account, stop saying bs
I have posted many times about this on my twitter @DigiTALcoinz adn on facebook !!! i have blown them up wanting answers and i have tags many cryptonews organizations and i dont see much being done to figure out whats going on !!!! We need answers and we need some way to go after these so called credible exchanges
WHO KNOWS WHAT CURRENCIES ARE GETTING OUT ?
Also DENT
Locked out of my account for a month now.
Yesterday I sold BCC for BTC and I ended up with USDT. How the hell did that happen. Now I can’t sell the USDT. How does this happen? So far, I have submitted 3 tickets and I get no response from HitBTC support. Unreal!
That’s alright with trading operations and functionality on HITBTC. The interface is simple, easy to understand it. There are many tools for trading not limited with the top currencies. A symbolic fee for deposit/withdrawal.
Exchange hitbtc has the highest level of service from check in, facilities of trading and ending with the withdrawal. Everything is so perfect that there is not even the slightest question about the technical options. The simplicity and ease of control of the personal account is amazing. The functionality of the exchange is made skillfully, the developers know their business perfectly
I didn’t wait for somebody and bought some IOTA in 500$ amount. I did it on Hitbtc and i think this ecxange is not greedy and quite popular aomg traders. I hope the price increasing will be a long-term and all possible corrections have already finished. The price bottom have been found. What’s your opinion,friends?
Hitbtc platform is extremely simple, both in development and in trade. For me, the main thing is that there are no problems with security, my money is protected through the encryption, the exchange feature is multiwallets, and the account is protected by Google-authenticator. Also, what is important to me is the capture of a good market share: the administration of the exchange monitors trading instruments adding perspective and removing unnecessary tokens
i acme across some issues on this exchange but solved them fast cauz the helpdesk can work. Hitbtc is a nice trading soltion and adds bunch of new tokens each month. No financial trubles
HITBTC has always had the edge over other exchanges of the competitors. The interface is nice and userfriendly, the liquidity of trades is very high, that makes the spread inside the glass scanty. Withdrawal of BTC is instant.
I didn’t have any errors. This is such an excellent exchange for trading. And, by the way, if you are a beginner, then hitbtc will go perfectly, everything is very simple to understanding.
i believe I’ll be supported by many traders, Hitbtc is the excellent place where you can trade. Low fees and good liquidity would be a pleasant thing for you. Along with that, you wont have to wait for long when your profit is withdrawn, I proved that by my own experience.
I think it was just a temporary problem, because now there are no problems with this
Many people who write that they have “stolen” their money. And then support solves the problem, and a bad comment remains. I mean that this is an ordinary exchange, which I have been using for some time. There were no serious problems.
This happens sometimes. But I don’t think this is critical. My money was stuck on other exchanges too. This is normal for crypto.
HitBTC have recovered my money and I got the refund. They solved the issue Great job. Good customer service, very efficient!
I bought Ripple on HITbtc and weeks later, it magically transformed into Tether. Something’s fishy. I tried to sell or exchange, and they say it’s not allowed because of technical difficulties. Anyone out there with a solution, or the address of HITbtc so I can HIT btc? What’s up with all the posters here saying what an easy, simple, wonderful exchange. Is HITbtc hiring people to lie? Even without the Tether crap, HITbtc is the worst exchange, and hard… did I sad hard?… yes very hard to navigate.
Hitbtc is a huge company. I think they do the best they can.
By the number of different coins, hitbtc has no competitors for sure!
Hi yes problem was solved with my hitbtc account,reason was i hadnt finished the KYC.So it was 85 % my fault.
i think they were just too busy around that time to answer all their emails,with over a hundred thousand people wanting to sign up,
it was like a Crazy Time,looking back.still made a heap thou
only have XLC,WTT & MRV which i bought as ICO,s in november left on hitbtc whos wallets are all offline.which ill probably never retrieve
Good exchange, I have been trading for 3 months. I recommend!