Coinjar Statement re August 1st/BCC

[bitkilo]

Investigating - On 1st August 2017, the Bitcoin network will experience a User Activated Hard Fork (UAHF). From this chain split comes Bitcoin Cash (BCC), an alternative cryptocurrency to Bitcoin (BTC). Despite the similar naming, Bitcoin Cash is an altcoin, and will be an entirely seperate cryptocurrency to Bitcoin.

At this particular point in time, CoinJar is electing to not support Bitcoin Cash come August 1st. No Bitcoin Cash will be distributed by CoinJar on this date, and we cannot guarantee it will be supported on our platform in the near future. Any Bitcoin Cash payments sent to CoinJar will not be processed or returned.

For those who choose not to utilise Bitcoin Cash, no further action is required on your behalf. Your balance within CoinJar will not be impacted by the arrival of Bitcoin Cash, and any funds stored in your Cash Account or Hedged Accounts are not affected by blockchain events.

As a precaution, CoinJar will be placing a temporary pause on all trading activities and wallet services during this transitional period. This is scheduled to begin on 1 August 9:00am Melbourne time (31 July 23:00 UTC), and may last for up to 48 hours. If you’re familiar with operating private keys, you may wish to withdraw bitcoin to an external location before these changes take affect.

As always, CoinJar seeks to protect customer funds, and we’re providing CoinJar customers with the power to decide the course of action that suits them best. We will continue to monitor this situation as it develops, and will provide further updates via our Twitter, status page, and email communication.
Jul 28, 14:08 AEST

Well it look as though this could be goodbye Coinjar, we have had a good relationship over the years but now it looks like that has come to an end.
Good luck in the future!

!	Message from: bitkilo
	Any users of Coinjar who still have bitcoins in their account should move all their coins to a wallet that you control the private keys to, do not leave ANY BTC on Coinjar

[GreyWyvern]

On the one hand I understand that it's potentially a nightmare to code something in such a short time to distribute the BCC airdrop, but on the other hand, these exchanges have the private keys to these BTC and will be getting access to the BCC regardless.

Are they just going to discard it??? I can't believe they would do that based on the futures price right now. It's like setting themselves up for litigation.

[bitkilo]

On the one hand I understand that it's potentially a nightmare to code something in such a short time to distribute the BCC airdrop, but on the other hand, these exchanges have the private keys to these BTC and will be getting access to the BCC regardless.

Are they just going to discard it??? I can't believe they would do that based on the futures price right now. It's like setting themselves up for litigation.

"Are the just going to discard it" lol. I like that

I wouldn't recommend that anyone ever leave bitcoins in an online wallet for any longer than a day or 2 but what you say is very true though, if you did have BTC left on Coinjar or any online wallet during the split why shouldn't you get back what is entitled to you.