Swan Bitcoin should really make everyone whole even if they have to take out a loan against company assets in order to do so. The idea that Fortress is going to take fees of up to $175 from people under the guise that this is the cost of making a bitcoin transaction is insane. Swan made the mistake of dealing with a shitty company instead of just building their own custodial solution (or just going the Bull Bitcoin route) & they should bear the cost of that mistake & shield their customers from loss.
Discussion
Not a good look. Hopefully they reach some sort of settlement to waive the fees, but really sucks. And their new custodian might get bought by Trump Media:
Good reminder to leave as little as possible on any exchange.
I wonder what they will do with actual Bitcoiners like myself who don't have an "account" balance and have now switched to Strike?
Same : )
What's going on with swan?
Swan sucks....haven't listened to bitcoin Cafe since the news of Peter the child rapist broke
šÆ
Iām really upset by this. Fortunately I didnāt keep much on the exchange, so my āmigration feeā is only a few bucks.
But thatās not what I signed up for and will immediately stop using them. They lost my trust.
And I recommended Swan to my sister in law. I know sheās been stacking for a few years and leaving it on there.
She and her husband donāt have much money, and 1% of their stack or $175 really stings. It makes me mad.
Not sure what Iāll recommend to them. I could see her leaving but not signing up with someone else. Damn it.