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Crypto Exchange Dispute — Etsy holding funds for 45 days

Started by help_me_worker_2022 · Aug 8, 2024 · 1,614 views · 11 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
HM
help_me_worker_2022 OP

I'm in a difficult situation and trying to figure out my next steps.

Etsy holding funds for 45 days. I've been dealing with this for about 4 weeks now and the situation isn't improving.

The amount being held/disputed is approximately $26,861. I have tried contacting their legal department 4 times with no resolution.

What's the typical outcome in situations like this?

TL
Mod_TermsLaw Moderator

Attorney here. Here's my take on the legal issues.

The key question is whether the applicable statute of limitations has run. Depending on your jurisdiction, you typically have the EFTA years for this type of claim.

The practical consideration here is cost vs. potential recovery. For disputes under $10K, small claims court is often the best route.

AF
asking_for_friend_seller_MA

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

CA
CorpCounsel_Amy

I've dealt with this before.

In my case, it took about 1-3 months to resolve. The key was escalating to a supervisor/manager.

CT
CryptoTrader_2023

I went through almost the exact same thing.

What worked for me was escalating to a supervisor/manager. It took 1-3 months but was worth it.

JC
just_curious_worker_2024

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

FK
FreelancerKate

I've dealt with this before.

I ended up having everything documented, which cost about $3-6 but saved me a lot more in the long run.

CA
CorpCounsel_Amy

I've dealt with this before.

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

NP
newbie_parent_CA

Have you tried reaching out to your state's labor board? They sometimes have free resources or mediation services.

AT
anon_tenant_CO

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

SB
SmallBizOwner_NYC

Not a lawyer, but I have direct experience with this.

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

AR
anon_renter_legal

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

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