![]() ![]() ![]() Accounts flagged for suspicious activity, whether it is an attempted hack or failing audits required by our AML standards, are suspended during pending investigations. We have very strict risk controls in place, firstly to secure user funds and secondly to adhere to local regulatory requirements. ![]() CEO Changpeng Zhao issued the following comment: ‘So many people locked out’īinance declined an interview with CoinDesk to discuss these issues, but the CEO issued a statement that chalked the problem up to “compliance issues” and anti-money laundering risk factors.īinance declined a phone interview with CoinDesk to discuss the locked accounts and the painstaking verification process Summers and others went through. Many of the affected Binance users flagged for “risk management” and anti-money laundering (AML) hold accounts that are fully verified given that know-your-customer (KYC) verification process is a risk management process to prevent money laundering, Binance’s stated purpose for freezing these accounts leaves unanswered questions. Clients from Binance’s primary exchange and Binance Australia have also been affected, per documents shared with CoinDesk. Hitchens was able to retrieve his cash, but a dozen or so Binance.US users who spoke with CoinDesk still have their coins stuck in limbo. Related: Thiel, Novogratz Back $10B Funding for Block.one’s New Crypto Exchange Subsidiary (And, by the way, Catherine Coley is stepping down, to be replaced by former Acting Comptroller of the Currency Brian Brooks). Out of desperation he sought information online and wound up texting the mother of Binance.US CEO Catherine Coley so he could get his funds unstuck. 8, but he received emails from Binance complaining about the chargeback still a week later, according to screenshots shared with CoinDesk. Hitchens paid the chargeback to reconcile his balance on Feb. “Then Binance informed me that the hold was because of a $20 chargeback on my account for a transfer I never made.” “I traded in some harmony tokens for and couldn’t withdraw them,” Hitchens told CoinDesk. Only a break of this level restores the minor uptrend recovery, targeting 359.4 and 388.3, in that order.But then Binance.US froze his account for what he called “little to no reason.” A break of 298.2 sends the token towards the 334.0 resistance (26 May and 11 August highs). On the other hand, the 298.2 resistance barrier becomes a new target if the bulls initiate a bounce from the current support. An additional harvest point at 214.0 (22 June and 2 July lows) becomes available on further price deterioration. The 24 June high/26 July low at 240.4 becomes a new target if the bulls fail to defend 258.4. A breakdown of this area allows the bears to chase down 258.4 (19/24 July lows). The 273.9 support level continues to hold despite several tests. Here is the Binance Coin price prediction heading into the weekend. The BNB/USDT pair had witnessed a recovery after hitting 18 June lows at 183.0 and hit a peak on 10 August at 336.8 before the correction set in. ![]() Despite trading flat on Friday ahead of the US Non-Farm Payroll report, the Binance Coin has lost nearly all its gains this week after three consecutive losses from 30 August to 1 September. ![]()
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