Twitter users are up in arms against Coindelta's high withdrawal fees for forced withdrawals owing to the closure of the business. I've written about the shutdown here.
The high withdrawals seems to have triggered many users as it is indeed unethical for a company to be doing this instead of maintaining normal withdrawal fees while shutting down their services.
Competitors WazirX and Bitbns have come to the aid of users and are lapping up any users of Coindelta willing to switch over by refunding any withdrawal fees incurred by the users of Coindelta.
Steemian @xyzashu has created a petition that's worth looking into here and I've tweeted it out today asking for a comment from some exchange owners and stakeholders here although I'm not expecting any response to come in for now.
But as you can see from the first picture on this post, the withdrawal fees feels like day light robbery by Coindelta. It's a really bad and shady way of exiting all things considered.
This is why we could do with some regulations or it would be great if exchanges self-regulated themselves to avoid these issues that gives a poor name to the industry as well as leaving the users feeling betrayed.
Now as far as claiming if this exit strategy used by Coindelta is a scam or not is left upto the users to decide. However, many are saying that it is an exit scam on twitter.
This is another reason why I suggest everyone to keep minimal or preferably no crypto with Indian exchanges.
Don't forget to read @xyzashu's post on the same and incase you want to sign his petition you can check out it out here.
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