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by COINS NEWS 75 Views

Years ago, I purchased a small bit of KIN for shits and giggles. Freewallet at the time was the only place I could find that could store them (had to get them off the exchange where I purchased since it was closing down). Anyway, at some point I think KIN did a migration and during that process my KIN was locked up by Freewallet for literally years. They kept telling me it'd be back where I could move it at some point. I checked my Freewallet account a couple days ago just because I hadn't been in there for a while and noticed a transaction where all of my KIN was sold. Turns out, Freewallet charges an inactivity fee if you don't use your account and they sold all my KIN to take it as their "inactivity fee" basically as soon as they made it available to trade again.

So... nice scheme they have. Lock it up where I can't trade/move the crypto; force me to basically give up and lose interest; don't notify me when it's available to trade again; sell it as a part of a bullshit policy to charge users for inactivity.

Anyway... I know KIN is worthless. I didn't have much of it anyway so I'm not even mad about losing it. This is just a PSA that if you've got crypto on Freewallet, be aware that this can happen.

submitted by /u/size0618
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