This site is not affiliated with Uniswap Labs in New York. I have been unable to determine where the website is located. They only other information I was able to extract is, in reference to the website, is “Unispool is the website for the uniswap liquidity pool.” I cannot track down Unispool.
I registered on this platform in August 2022 and built up a balance through the liquidity pool and futures trading in USDT of 372,688. In late 2022 I attempted to withdraw a large sum, and I was informed that my account had been suspended for security reasons and required “verification.”
The reasons for the suspension were two, (1) the fact that I had used three different crypto platforms to build up my stake (before finally settling on the third); and (2) the fact that I was not using a personal wallet (which was due to my inexperience). I was also told that “For the security of your account, you need to verify your account by depositing 50% of the total funds in your account, i.e. $186,344.6.”
The deposit was onerous but I complied. I set up a personal wallet and got confirmation that it was satisfactory. In December 2022 and early January 2023 I deposited a grand total of $187,620.
When I inquired about lifting the suspension, I was told that “verification” had failed because I had not submitted $186,344. System verification was “automatic” and since I had not deposited $186,344 the new deposit was added to the account balance. Since the new balance was now $560,289, I had to deposit 50%, that is, $280,144 in order to verify the account and lift the suspension.
The demand for an additional deposit is absurd, and I was never explicitly told at the outset, as quoted above, that I had to deposit $186,344 to the penny to “verify” the account. The fact that I deposited more than requested was a reasonable interpretation on my part that that I had to deposit at least $186,344 to satisfy verification. That I deposited somewhat more still factually provided the requested $186,344.
To continue the suspension and to demand yet more money is out and out extortion. I have been told “this is an automatic verification by the system. I also told you to complete the account verification according to the matching account ratio.” As per the quote above, I was not told that I had to verify in the words “according to the matching amount ratio.”
The demand is blatantly unfair and suspicious, given the amount of money I have deposited on the site. Uniswap.homes is hiding behind the excuse of automatic verification by their system. I understand that such a crypto site is both decentralized and automated, however, this system was built by humans and to claim it is now beyond human intervention is flatly unbelievable.