281 Nigerian Cryptocurrency Accounts Under Binance Probe

About 281 personal accounts of Nigerians are currently being probed by Binance, the world’s largest cryptocurrency exchange by volume,  for possible regulatory breach.
According to the Chief Executive Officer (CEO) of the Company, Changpeng Zhao, the accounts were restricted to prevent fraud, and ensure security.
Zhao said that about 38 per cent of the accounts were restricted at the request of international law enforcement.
“User security remains our top priority,” he said. “We love and are devoted to our Nigerian community but we must ensure that our users are safe”, he said.
The CEO’s  statement is sequel to complaints by Nigerian users who said they have lost access to their accounts and funds without a valid reason.
Using the hashtags such as #BinanceStopScamming, #BinanceStealingCrypto, they called for a boycott of the exchange, with many expressing frustration for allegedly failing to get customer care support from Binance.
However, Zhao said the Company has resolved 79 cases connected to account restrictions and will work towards speedy resolution of such cases.