If I have done no verification processes on Bitfinex and am from the United States, will my account still get frozen on the cutoff day? I would like to continue just lending on the site, but if they disable my account, I want to make sure I am fully withdrawn by then. Also, what would happen if I still have loaned coins that are out when the cut off date hits?
Officially Bitfinex is requesting all US based customers to withdraw by 9th November. I guess if you were using a VPN then they wouldn't know where you were, but I'm not sure I would want to take that risk.
https://www.bitfinex.com/posts/227Announcements > Update: U.S. Individual Users October 16, 2017
This message is further to our announcement of August 11, 2017, with respect to terminating our business with U.S. individual customers. As indicated in the announcement, we are terminating trading, deposits, and withdrawal functionality for U.S. individual customers by no later than November 9, 2017. U.S. customers are already barred from receiving financing from other users on Bitfinexs peer-to-peer financing platform. This restriction will remain and, in addition, U.S. individual customers will no longer be able to provide financing on Bitfinex effective November 9, 2017.
All U.S. individual users must make arrangements to withdraw their Digital Tokens by November 9th.
U.S. individuals holding Recovery Right Tokens (RRTs), if any, which relate to the exchange of now-defunct BFX tokens to equity in iFinex Inc., may, starting on October 27, 2017, sell all of their RRTs on the exchange, if they so elect. This is an exception to the general terms of use for RRTs. U.S. individuals are not permitted to buy RRTs during this time period. All terms and conditions relating to the sale of any RRTs remain in full force and effect and are deemed to apply to the sale of any RRTs by U.S. individuals or otherwise. Any RRTs remaining in the hands of U.S. individual verified customers after the November 9th deadline may be sold through Bitfinex on an OTC basis through special arrangement with us.
