There 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.
a shocked Twitter user screenshot a chat with Binance.
Binance Africa said that they’re investigating wrongly suspended accounts and have 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.”