Silk Road forums

Discussion => Security => Topic started by: rise_against on November 15, 2011, 05:14 am

Title: heads up for MTGOX and Tradehill users
Post by: rise_against on November 15, 2011, 05:14 am
i know this has come up on this forum before, but for those in the dark -  it seems that Tradehill will ask you to send them photo ID and a proof of ID if you withdraw total exceeds $10,000 USD.  The fucking asshole part of it is that they don't tell you this until you try to withdraw the funds. So your money basically gets held hostage until you identify yourself. They will send you an email requesting identification for AML (anti money laundering).  AML might even be triggered for large deposits and withdrawals, so always break up your deposits / withdrawals into smaller chunks and create new account(s) before you reach $5000 in withdrawals / deposits to be safe. You can thank G.W's  "Patriot Act" when tradehill / mtgox send the government your personal information.
Title: Re: heads up for MTGOX and Tradehill users
Post by: g4bb3r on November 15, 2011, 07:23 am
This is normal, anyone who didn't know of this or expect it didn't do their research beforehand. Keep transactions under $1k if possible.