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.
One shocked twitter user shared a screenshot of their chat with a Binance representative, which read:
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.