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Is this Theft? BANKS won't give us our money
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Two years ago, BitChute became the target of an activist group that attempted to shut us down by pressuring our suppliers. As a result, we lost some server hosting, our office space, and other suppliers. We also lost our bank account with HSBC. A bank account we had held in good standing and without any issues since we launched in 2017.
We initially tried to open a new account with a different bank and transfer our money. However, the new bank rejected us just as the funds had reached them. Our money was returned to HSBC, but we could no longer access it, and even today, we still have not retrieved our money from HSBC.
In August 2021, after failing to get a resolution through the HSBC complaints process, we requested arbitration through the UK's banking Ombudsman. We were informed of a long wait due to Covid, which had resulted in many bank-related problems for businesses. It wouldn't be until November 2022 that our case would be assigned.
Since arbitration started we have provided many details including the bank account where HSBC could send our money. Within a week of handing over that information, that new bank account was suspended without notice. We informed the Ombudsman that we do not want to give HSBC additional bank accounts and prefer any transfer from HSBC use a third party such as escrow, even a bag of cash would do. A necessary action that will likely lengthen the process.
It's happening again...
That happened 19 days ago, and we still have not been able to get our money from that bank even though we have informed them that we need it urgently to pay bills. It's not clear for what reason they are keeping it.
Now, nearly at the end of 2022, two different banks have our money, HSBC has held it for almost two years.
About us
BitChute is a politically neutral company that has a diverse community in interests and backgrounds. We require that users only upload legal content that complies with our terms and community guidelines, and we have a team of support staff that ensure that is the case.
BitChute is pro freedom of expression, a universal human right. Furthermore, censorship and deplatforming are poor ways to tackle societal problems as they merely create echo chambers that can lead to bigger problems in the long run. It is important to allow people to express all ideas as this exposes them to immediate opposition and allows for a public deconstruction of any flaws they may contain. If you are against bigotry or racism or hateful ideologies, you should be for freedom of expression.
"Reputational risk"
In recent years financial institutions have been using "reputational risk" to stealthily engage in political discrimination. If a financial institution takes action against a lawful company for its commitment to freedom of expression, that should be a very real reputational and material risk for the financial institution.
The idea that people or companies can be excluded from the monetary system and have their assets frozen over an opinion or lawful actions is despicable. This discrimination must be wholeheartedly rejected if we are to keep free and open societies.
Please spread the word about the unfairness of this, and share this anywhere you can. Let content creators know this is a worthy topic for a video. If you would like to contact HSBC about this or for any reason you can find their contact details here: https://www.hsbc.co.uk/contact/
I wish you all and your loved ones a very Merry Christmas and a Happy New Year and any other holiday you might celebrate.
Ray Vahey - BitChute Founder and Chief Executive
UPDATES
Update #7 Shout out by Charlie Ward
December 16, 2022 facebook twitter
We just received a should out from Charlie Ward, thanks to him and his assistant Lee.
Best Wishes,
Ray
https://www.bitchute.com/video/Qw2h06Jl6FVi/
Update #6 Max Igan - The Crowhouse
December 15, 2022 facebook twitter
Today Max Igan, a veteran of alternative media and a friend of mine gave us a shout out in his walk-and-talk, you may already be familiar with Max but if not he is well worth checking out.
https://www.bitchute.com/video/7pq7krolg4ZP/
Update #5 This story was covered by Health Impact News & David Knight
December 15, 2022 facebook twitter
Thanks to Health Impact News for covering this, I would encourage you to read their article which you can find here: https://healthimpactnews.com/2022/banks-freeze-funds-of-pro-free-speech-video-platform-bitchute/
Also thanks to David Knight who covered this at the start of his show earlier today. I was introduced to David years ago and I was previously on his show. I encourage you to check it out: https://www.bitchute.com/video/A6C3ce6EFURr/
Best Wishes
Ray
Update #4 Dan Dicks - Press For Truth
December 14, 2022 facebook twitter
I went on press for truth earlier to help spread the word about the insidious nature of this deplatforming, and how supporters of freedom of expression need to start doing more legal and peaceful activism to hold banks like HSBC to account. HBCS doesn't seem to have respect for the law but maybe they can learn respect when it starts to hit them in the pocket and more people learn how evil they are.
https://www.bitchute.com/video/cMRsZfj0tOAq/
Also we have had some great messages from you guys about how you have taken time out of your day, sometimes upwards of an hour to call HSBC and explain to them the importance of free speech. Thank you so much that is very important.
Best Wishes
Ray
Update #3 Thanks to Styx for reporting on this clank
December 13, 2022 facebook twitter
A huge thanks to Styx for making a video, he's absolutely right that more people need to call this out or it will happen again and again, and each time the bar is moved further towards totalitarianism.
Check out his video below:
https://www.bitchute.com/video/f_yRx_icwas/
Best Wishes
Ray
Crypto Addresses
December 13, 2022 facebook twitter
I've been reading your Prayer messages and I've been overwhelmed by your kindness and support. Thank you all, I will try to reply to as many as I can as soon as I can. I feel so much optimism seeing how the community has responded to this. Thank you all.
Some people have asked do we have any crypto addresses and yes we do. I've included a bunch below.
BTC: 1NBnU2r5X4iKaaWdz6gmC1Efrq1bSubfuZ
ETH: 0x31fc1af96fa931e128834f9aa61d3364885a85b6
LTC: LSK2kfztAhcjiB5Sptp6KcPDgwGgWCu1A1
Dogecoin: DM9WwpUWPSA4ChE342i8qxt5LMDrUCBX7f
BCH: 14xZLjPJpDLdKfjoeVmMiKnEB6ntca8cQd
XRP: rwU8rAiE2eyEPz3sikfbHuqCuiAtdXqa2v
Best Wishes
Ray
BitChutes' banking problem covered on World Alternative Media
December 13, 2022 facebook twitter
A big shout out to Josh Sigurdson for reporting on this news - that we have had our money frozen by multiple banks.
https://www.bitchute.com/video/a81VSg6OzQyk/
PRAYER REQUESTS
Click the Pray Now button to let the campaign owner know you are praying for them.
Campaign Created by: Ray Vahey - BitChute Founder & Chief Executive
The funds from this campaign will be received by BitChute.
Goal: GBP £100
Raised:GBP £ 36,048
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Support going out to Ray and Bitchute team...
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We love Bitchute
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Anonymous Donor
8 hrs ago
Thanks to all you do to fight conspiracy and promote free speech. God bless you for fighting evil!
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Joseph Di Frances
9 hrs ago
Thank you for your work.
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Mike Madrid
9 hrs ago
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Av1611 BibleBeliever
9 hrs ago
When facing such a horrible foe, one especially above all should seek guidance and protection from God. We should fight against the totalitarian and evil efforts of subversion and state enforced degeneracy and censorship of all goodness. Psalm 23:4 KJV Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me.
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Crimson Lillies
9 hrs ago
I fully support bitchute and its owner under the Law of Intent, which gives all the freedom of choice to not participate in their evil game, without interference.
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Standing For Humanity
10 hrs ago
Under the Law of Intent, I call for the inteference to bitchute and its respective owner/s to be removed and their money released forthwith. There is no allownace for intimidation and harassment. In the Creator's name, I call for this to be done. Thank you.
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Free Speech Advocate
10 hrs ago
I fully support free speech. Keep up the good work!
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Anders Groth
10 hrs ago
Keep up the good work. I find bitchute very valuable.
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11 hrs ago
keep up the good work you're invaluable
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