Binance Suspends Accounts in Africa, #BinanceStopScamming Trends on Twitter
There have been over 130 tweets in the last hour calling for Binance to “stop scamming,” as the world’s largest crypto trading platform has been suspending or even blocking accounts of African, largely Nigerian, users.
Other users posted that “scammers should stop complaining about being scammed,” and that the closed accounts belonged those who committed fraud or had relation to scam activities. Some of the users tweeting and retweeting the hashtag, actively accused Binance of stealing, were promoting the “Crypto Africa Bet” betting website.
Despite how it looks however, it does seem that Binance could have suspended the accounts of some innocent users as well. The most common reasons for account suspension on the platform include risk control, P2P violations, and ToU (terms of use) violations.
One shocked twitter user shared a screenshot of their chat with a Binance representative, which read:
“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.”
It is enough, I am a victim. My account has been frozen for about 4 months now with over $500k, mostly comprises of alts coins. Is it a crime to be an African? @cz_binance @binance #binancestopscamming #binancestopscamming
— Brown-Mi (@Mickey_Mickson) January 26, 2022
A Nigerian trader who had his entire assets on binance nearly comitetd suicide because of this. I have $400,000+ in my disabled account.They've been targeting Nigerians and Africans as a whole. Please save us from Binance#Binance #BinanceStopScamming #BinanceStealingCrypto
— Cynthia Chidera (@Cyndera7) January 25, 2022
Binance Stop Scamming
— The Only Geeflex (@Oga_geeflex) January 26, 2022
Many 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
Binance Africa have claimed that they’re investigating reports of wrongly suspended accounts, and provided a broad explanation:
“User security is our top priority. At times, we proactively restrict accounts to protect users' funds. Other times, we have to restrict accounts at the request of law enforcement. But never will we restrict accounts without good reason.”
On the Flipside
- Only two days ago, on Tuesday, January 25th, Binance released a blog post about their educational achievements in Africa. Binance has provided free crypto classes to over 400,000 Africans since January 2020.
Text source: DailyCoin.com
