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/biz/ - Business & Finance

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20267426 No.20267426 [Reply] [Original]

>Sent $8000 from bank to exchange
>Receive instant funds for trading
>Immediately spend it on stinky linkies
>Unbeknownst to me, my checking account was low and went negative (overdraft) by $2000
>Quickly borrow money from my dad to go back positive
>Bank credits me $8000 the next day ("Return of posted check/item"), which I assume is the exchange deposit bouncing
>Have not heard anything from the exchange yet

What's going to happen? Will the exchange:
>A) Take my stinky linkies away
>B) Ask me to re-pay $8000
>C) Do nothing and let me get away with free linkies (God I hope so)
?

>> No.20267446

Can I have some LINK

>> No.20267449

If you have done no KYC and you have used a VPN get those linkies into a cold wallet NOW before they notice.

>> No.20267452

Withdraw Linkies instantly of course

What exchange are you using?

>> No.20267464

>>20267449
>>20267452
Gemini. I don't think the stinkies have "settled" yet though

>> No.20267477

>>20267449
I'm afraid I have done kyc. It is linked directly to my bank account. It's gemini

>> No.20267485
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20267485

>>20267464
Watch them like a hawk and try to get them off ASAP. PIC RELATED.

>> No.20267505

>>20267477
Oh. That changes things. Read their user agreement, they might have fucked up, but maybe not. They could find and sue you. I'm not sure though. I don't use them. If they're not retarded they will have thought about this and have safeguards in place.
I hope for your sake they are retarded.

>> No.20267547

theyll 100% take the linkies away if the payment for them doesnt go through, thats the whole point of them disabling withdraws until they actually get paid

>> No.20267572

>>20267547
but they could just ask me to pay the amount I owe them. that seems fairer than taking the linkies away, since the linkies fluctuate in price, but the amount i owe them is static

>> No.20267573

>>20267547
This. If you want to keep them at the price you purchased, contact support and redeposit

>> No.20267575

>>20267464
They won't touch linkies but neither can you. Your USD balance will be negative $8000 until you deposit the money again. You can watch your linkies grow but will never be able to withdraw until you've settled the debt.

>> No.20267599

>>20267575
Ah. Perfect. That's what I was hoping would be the case (>>20267572). I have no problem paying what I owe. I just don't want them touching my stinkers. Thanks, fren. I feel better now.