Report: Unresolved Holding of 6,000 USDT by N.exchange
This report summarizes a dispute from Slavinn (OP) regarding 6,000 USDT deposited into N.exchange, which has remained frozen since December 16, 2022. Despite the passage of nearly four years, the funds have not been returned, nor has a legal basis for their retention been provided.
Source: https://bitcointalk.org/index.php?topic=5588808.0
Case Timeline * December 16, 2022: A deposit of 6,000 USDT was made to the N.exchange address 0xE291cc3e5b9e0C9b37c9FBDd549aBf3B5c0ad342.
This report summarizes a dispute from Slavinn (OP) regarding 6,000 USDT deposited into N.exchange, which has remained frozen since December 16, 2022. Despite the passage of nearly four years, the funds have not been returned, nor has a legal basis for their retention been provided.
Source: https://bitcointalk.org/index.php?topic=5588808.0
Case Timeline * December 16, 2022: A deposit of 6,000 USDT was made to the N.exchange address 0xE291cc3e5b9e0C9b37c9FBDd549aBf3B5c0ad342.
- Processing: Records indicate that within 17 minutes of the deposit, the funds were consolidated and transferred by N.exchange to a Binance-linked address (0x1bb9192107345e2c449b7605f1342f020786afe6).
- Verification Status: The user has complied with KYC requirements and provided a wallet video. However, the exchange continues to demand historical documentation (exchange IDs, email receipts) related to accounts the user can no longer access due to the loss of an old email address.
- Current Standing: As of July 2026, N.exchange has confirmed in writing that there is no external criminal case or law enforcement instruction governing the freeze. The hold is maintained solely under the platform's internal review policies.
Regulatory Concerns N.exchange presents a complex corporate structure, claiming registration in London while listing an address in Costa Rica. They currently operate without an FCA license, raising questions about their oversight and the accountability of their internal compliance procedures.
Formal Action The affected party has escalated this matter to the following bodies: - FCA: Case Ref: 212422640