> Your bias is showing...
No, I think I'd be significantly angrier if they'd collected actual money and withheld it from its originally intended recipient and instead put it into a fund that they used to grow their business. That was actually more offering them the benefit of the doubt. Crypto tends to cloud a lot of judgement and relax the definitions of 'financial fraud.' If it were done with actual dollars they might already have met with the DOJ.
> Nothing is held hostage. The only legal way that they can pay someone is if the person goes through KYC.
So what you're saying is, you can't get it unless you sign up even though they'd already solicited the donations on your behalf. Got it. So exactly what I said. This wouldn't be an issue if they had people sign up first, right? Then they wouldn't be soliciting donations on behalf of unregistered individuals and the whole point would be moot.
> This is false. Contributions were going to the user pool. Now they are returned to the original donor.
Right, the marketing budget. They stopped after they got called out for it.
Exactly what I said.
[edit] Side-note, if they'd done this on the websites of charities, it may actually be illegal in a number of countries.
> Charity fraud is the act of using deception to get money from people who believe they are making donations to a charity. [...] Charity fraud not only includes fictitious charities but also deceitful business acts. Deceitful business acts include businesses accepting donations and not using the money for its intended purposes, or soliciting funds under the pretense of need. [1]
Now I'm no lawyer but soliciting donations that people think are going to a charity and instead putting them into your 'user pool' if 'unclaimed' sounds a lot like [1].
[1] https://en.wikipedia.org/wiki/Charity_fraud