Binance, the world’s largest cryptocurrency exchange, continues to come to the fore both with its collaborations with important names such as Khaby Lame and Cristiano Ronaldo, as well as with allegations made about it. In the past months, the SEC launched an investigation against Binance for BNB, while Reuters claimed that Binance had allowed $2.35 billion in money laundering.
While the allegations against him and the crises in the crypto world remained fresh, a Twitter user named TezosBakingBad claimed that his institutional Binance account, which contains many cryptocurrencies such as MATIC, LINK, USDT, ETH, was frozen without any justification.
Binance’s response to the allegations was not delayed
A Twitter user, who describes himself as an active Tezos (XTZ) user, claimed that Binance froze his corporate account without giving any information and withdrew more than $1 million worth of cryptocurrencies from his account. The user, who stated that he has all the evidence to open an investigation and inform the community about this issue, did not take a long time to respond from Binance.
In its reply, Binance explained that TezosBakingBad knows very well the reason for this situation. Stating that a restriction was imposed on the account as a result of a law enforcement request, Binance also announced that the user was contacted via live chat on July 6, 12 and 22.
Claiming that he sent all the necessary documents to Binance to open Tezos accounts in the continuation of the discussion, TezosBakingBad stated that he could not get any results for months, although he should have received a response within 20 days. Binance, on the other hand, explained that the parties to the process are the executive bodies and Tezos, and that they should be discussed. In addition, the crypto exchange tweeted that they, like every other exchange, are obliged to fulfill the wishes of the executive bodies.
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