Wallet.tg Blocked Crypto Without Explaining the Violation

Russian political activist Daniil Chebykin reported on X that his account on wallet.tg (custodial wallet inside Telegram) was abruptly blocked, denying him access to withdraw his crypto assets.

Initially, the wallet’s support team claimed Chebykin violated their terms of service and instructed him to withdraw his funds. But a month later, they backtracked, stating withdrawals were now “restricted” - effectively freezing his assets indefinitely.

In the comments under Chebykin’s post, two other activists shared similar stories of unexplained account freezes.

This reminded me of my own experience in 2017, with Lykke Wallet (now defunct). Back then, the platform accused me of “violating rules” without specifying which ones or how. My funds were trapped, and support went silent. At the time, I thought I’d just stumbled on a scam. Turns out, this is a quite common tactic among custodial wallets: vague accusations, sudden lockouts, and zero accountability.

Many custodial services, including wallet.tg, explicitly state in their user agreements that they can freeze your assets at their sole discretion. Chebykin knew this, but the convenience of seamless transfers and swaps blinded him to the risks.

I'd like to remind you that swaps on rabbit.io are easy and convenient, too:

• Select any pair of cryptocurrencies.
• Enter the amount.
• Get an address to send to.
• Send one crypto, receive the other.

But here you can use non-custodial wallets, and nobody freezes your crypto.