LocalBitcoins Suddenly Closes Client Accounts Without Prior Notice

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LocalBitcoins Suddenly Closes Client Accounts Without Prior NoticeLocalBitcoins, a cryptocurrency platform, is closing long-term customer accounts in three regions - Africa, the Middle East and Asia - without any prior notice.

reported by Forbes mentions that The targets are spread in countries such as Afghanistan, Iraq, Nigeria, Syria and Pakistan.

Platform users in the three regions receive messages urging them to “withdraw bitcoins by deleting the account,” however, many claimed that they could not withdraw their belongings because their accounts had already been “deactivated.”

“One of my clients was due to travel out of the country and had to sell some of his bitcoin so he could only go on his way to the airport when he found out he had no access to his money,” one LocalBitcoins user said.

Although there is no official notification, the campaign likely started early last week as several users noticed their accounts suspended on January 20th.


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