Binance Restricts Accounts of 281 Nigerian Users

Binance, the world’s most popular cryptocurrency exchange, announced that it has restricted the accounts of 281 Nigerian users.

Binance CEO Changpeng Zhao (CZ) also said in a statement that accounts are restricted on suspicion of fraud. 38% of He said it was done on the basis of complaints from law enforcement.

January 26 some users of the Binance exchange via Twitteraccount for weeks without any feedback or reason. allegedly blocked. blamed the stock market. from 25,000 overship users who share On Twitter with the hashtag “BinanceStopScamming” first at 5 took place.

Thereupon, Binance CEO sent an e-mail to Nigerian users. In CZ’s e-mail:

We have restricted some of the accounts to ensure user security. At the moment, we have finalized the status of 79 accounts and we continue to work on the subject. In about two weeks, the case will be completely resolved.

said.

Binance; Pakistan, Canada, USA, UK, South Africa, Australia, Norway, Netherlands, Hong Kong, Germany, Italy, India, Malaysia, Singapore, Turkey and Lithuania It is thought that it will face regulations in the near term by the governments of many countries around the world.

In August 2021, Binance stated that it made regulator compliance its top priority.

source site-9