{"id":60940,"date":"2022-05-03T17:58:38","date_gmt":"2022-05-03T14:58:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60940"},"modified":"2025-09-05T09:12:30","modified_gmt":"2025-09-05T06:12:30","slug":"bankoff-suspends-operations-client-funds-frozen","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bankoff-suspends-operations-client-funds-frozen\/","title":{"rendered":"Bankoff suspends operations. Client funds frozen."},"content":{"rendered":"<p>On May 3, Bankoff said that Visa and Stripe had suspended servicing its virtual cards. ForkLog has confirmed this with company representatives.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/russia?src=hash&#038;ref_src=twsrc%5Etfw\">#russia<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/payments?src=hash&#038;ref_src=twsrc%5Etfw\">#payments<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/sanctions?src=hash&#038;ref_src=twsrc%5Etfw\">#sanctions<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/cryptonews?src=hash&#038;ref_src=twsrc%5Etfw\">#cryptonews<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/btc?src=hash&#038;ref_src=twsrc%5Etfw\">#btc<\/a><a href=\"https:\/\/twitter.com\/hashtag\/Bankoff?src=hash&#038;ref_src=twsrc%5Etfw\">#Bankoff<\/a> stopped working\u2026 due to an influx of users from Russia.<\/p>\n<p>Through the service, it was possible to issue a virtual <a href=\"https:\/\/twitter.com\/hashtag\/Visa?src=hash&#038;ref_src=twsrc%5Etfw\">#Visa<\/a> card, top up in USDT and then freely make purchases and pay for services abroad. <a href=\"https:\/\/t.co\/1Wwr3E55s9\">pic.twitter.com\/1Wwr3E55s9<\/a><\/p>\n<p>\u2014 Followback_Crypto_NFT_news (@Crypto_NFT_news) <a href=\"https:\/\/twitter.com\/Crypto_NFT_news\/status\/1521473812663087107?ref_src=twsrc%5Etfw\">May 3, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>In a letter, company representatives said that the decision by Visa and Stripe was prompted by a large volume of active users and transactions from Russia.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Bankoff cards are temporarily not supporting online and offline transfers, and customers&#8217; funds are frozen on an American account,&#8221; the company said.<\/p>\n<\/blockquote>\n<p>Some users <a href=\"https:\/\/vc.ru\/finance\/414969-bankoff-zakrylsya-bez-vozmozhnosti-vyvoda-sredstv\">say<\/a> that clients who funded accounts with cryptocurrencies also cannot withdraw funds.<\/p>\n<p>Bankoff representatives told ForkLog that they are seeking ways to resolve the issue.<\/p>\n<p>Russians began opening Bankoff virtual cards to make payments abroad after Visa and Mastercard suspended operations in Russia. <a href=\"https:\/\/forklog.io\/western-union-priostanovila-rabotu-v-rossii-i-belarusi\/\">Western Union<\/a> and <a href=\"https:\/\/forklog.io\/wirex-prekratil-obsluzhivat-grazhdan-rf\/\">Wirex<\/a>.<\/p>\n<p>Binance stopped supporting transactions with Visa and Mastercard cards issued in Russia as of March 9. <a href=\"https:\/\/forklog.io\/binance-zablokiruet-tranzaktsii-s-kartami-visa-i-mastercard-iz-rossii\/\">\u043f\u0440\u0435\u043a\u0440\u0430\u0442\u0438\u043b\u0430 \u043f\u043e\u0434\u0434\u0435\u0440\u0436\u043a\u0443 \u0442\u0440\u0430\u043d\u0437\u0430\u043a\u0446\u0438\u0439<\/a>.<\/p>\n<p><a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 3, Bankoff said that Visa and Stripe had suspended servicing its virtual cards by Visa and Stripe.<\/p>\n","protected":false},"author":1,"featured_media":60941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1412,27,1519,26,157],"class_list":["post-60940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-bans-and-restrictions","tag-russia","tag-stripe","tag-usa","tag-visa"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=60940"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60940\/revisions"}],"predecessor-version":[{"id":60942,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60940\/revisions\/60942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/60941"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=60940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=60940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=60940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}