🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
Attention: A Renowned Application is Accused of Seizing the Cryptocurrency of Users Who Have Not Touched Their Holdings for 1 Year!
The Alby platform, popular among Bitcoin users, is accused of withdrawing funds from some inactive Bitcoin wallets without user permission, based on community feedback.
According to claims, all balances in shared wallets belonging to the old type (legacy) Alby accounts that have not had any transactions for 12 months were reset by Alby.
In the terms of use section on Alby's official website, it is stated that if shared wallets associated with old accounts created in 2023 and before are not used for transactions for 12 months, the remaining balances can be taken by the platform. Alby states that it implements this practice to "facilitate the management of inactive accounts."
The company claims that it has been informing users about this situation for a long time, while community members argue that sufficient and clear warnings have not been made. The controversial policy only covers inactive old Alby accounts and does not affect active accounts, Alby Hubs, fee credits, or other linked wallets.
Alby is known as a browser extension used to send and receive Bitcoin payments with a regular browser on the Bitcoin Lightning Network.
*This is not investment advice.
Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data immediately! Also, start live price tracking by downloading our Android and IOS Apps right away!