2026-01-13 11:34:54

A few years ago, participating in new coin issuance on a major platform and getting banned from the account, losing the qualification to participate in new offerings, was a common occurrence. The more troublesome issue was the subsequent second KYC requirement—if you encountered a situation where withdrawals were restricted, there was essentially no effective channel for appeal.

Most users I’ve interacted with adopt a mindset of accepting their losses and not complaining. When email appeals go unanswered and losses become irreversible, most choose to remain silent rather than go to social media to cause trouble, which in itself speaks volumes. This reflects an imbalance of power when users face platform policies and a lack of an effective appeal mechanism during compliance reviews. For those who want to participate in the on-chain ecosystem long-term, such risks cannot be ignored.

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OffchainOracle

· 8h ago

The second KYC process is really outrageous; emails go unanswered as a basic operation. --- Basically, the platform is controlling us, what’s the point of appealing? --- So now everyone is making small, dispersed withdrawals. Who still dares to keep coins on exchanges? --- That’s why you need to manage your private keys yourself; platform risks are really not to be taken lightly. --- The silent majority is the most terrifying; it’s high time for everyone to speak out collectively. --- My account has been frozen for half a year, I’ve submitted KYC documents five times, and no one is paying attention. --- Compliance is compliance, don’t fall for this appeal illusion. --- Long-term holders have long understood that exchanges are just leasing services, not banks.

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ClassicDumpster

· 8h ago

That's why no one dares to go all-in on big platforms now. If they ban you, there's no way to appeal, it's truly hopeless.

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DefiPlaybook

· 8h ago

According to data, about 78% of users choose to remain silent after being banned from the platform. This ratio itself is a quantitative proof of the imbalance of dialogue power—silence is not approval, but powerlessness. The lack of an appeal mechanism indeed needs to be emphasized. From three perspectives: first is the time cost, second is information asymmetry, and third is the platform's ultimate authority. It is recommended that friends participating in new token offerings prepare for the worst and incorporate KYC risk factors into the profit model calculations. Back to the point, this phenomenon reflects not just individual case risks but also the governance loopholes of the entire on-chain ecosystem—lack of an effective third-party arbitration mechanism. The odds of platform跑路 (runaway or exit scam) are even higher. It’s better to diversify across multiple chains to reduce single-point risks. That’s why I never go all-in on a single platform. The premise of betting and accepting the outcome is that you must be able to afford it. The key is to choose platforms that support on-chain custody, at least so that assets are not in the platform’s hands and you can sleep peacefully.

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BetterLuckyThanSmart

· 8h ago

Getting banned and still having to go through a second KYC, isn't this clearly bullying people? The feeling of emails sinking into the ocean is truly the worst. --- Honestly, the platform's appeal process is a joke; users never have a say. --- The silent majority is the most terrifying. When everyone tolerates it, no one makes a fuss, and the platform becomes even more unscrupulous. --- Losing the qualification to participate in new listings is one thing, but being unable to appeal when withdrawals are frozen—who can stand that? --- To play the chain long-term, you have to survive first. You have to step on these pitfalls one by one. --- Freezing user assets under the guise of compliance review—that's the most disgusting part. --- Those who say "accept the loss and move on" probably have no choice; there’s simply no channel to sue. --- There should have been industry standards long ago to regulate these top platforms, or it will continue to deteriorate. --- Account banned, coins frozen, email responses take months—that's their level of service.

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Hash_Bandit