Binance Suspends Accounts in Africa, #BinanceStopScamming Becomes a Popular Tweet -Breaking
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Binance Bans African Accounts, #BinanceStopScamming Popular TwitterThere have been over 130 tweets in the last hour asking Binance ‘to stop scamming,’ as the world’s largest crypto trading platform suspends or blocks accounts of African, mostly Nigerian users.
Other people posted that “scammers should stop complaining about being scammed,” and that the closed accounts are of those who committed fraud or are related to scams. Some users who retweeted the hashtag and actively accused Binance of stealing were promoting the “Crypto Africa Bet” betting website.
Binance might have been able to suspend accounts for innocent persons as well. Account suspensions can be for several reasons, including P2P Violation and TOU Violation.
“We would like to take the opportunity to remind you that by accessing Binance Services, you agree that Binance has the right to freeze your account without your consent or prior notice as per the Terms of Use,”
A shocked user of Twitter (NYSE) captured a conversation with Binance.
That is all, it’s enough. Over $500k has been taken from my account, mostly alts coins. It was frozen for approximately 4 months. Are you an African criminal? @cz_binance @binance #binancestopscamming #binancestopscamming
— Brown-Mi (@Mickey_Mickson) January 26, 2022
One Nigerian trader, who spent his entire wealth on Binance, almost committed suicide due to this. They’ve been targeting Nigerians, and Africans in general. Please save us from Binance#Binance #BinanceStopScamming #BinanceStealingCrypto
— Cynthia Chidera (@Cyndera7) January 25, 2022
Binance Stop ScammingMany Nigerians make a living from your app everyday.P2P, Staking, Futures and Spot Trading!Why cut off someone’s source of livelihood?Though Nigerians eh, we don’t read T&C’s #BinanceStopScamming #Coinbase Mistakenly, NURTW, Yinkus, Polygamy pic.twitter.com/gDBWy1QLkc
— The Only Geeflex (@Oga_geeflex) January 26, 2022
Binance Africa said that they’re investigating wrongly suspended accounts and have provided a broad explanation:
“User security is our top priority. We may restrict users’ accounts in order to safeguard their funds. We may have to close accounts when requested by law enforcement. But never will we restrict accounts without good reason.”
Flipside
- Binance, a Japanese company, released the following information two days ago: Tuesday, 25 January. blog postInformation about African educational accomplishments. Over 400,000 Africans have received free bitcoin classes from Binance since January 2020.
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