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Binance accepts demand of blocked Nigerian users after trend on twitter

“If you're a Nigerian #Binance user and you believe your account is wrongly suspended, please fill in this form and we will investigate”: Binance Africa

Frustrated Nigerian customers of the cryptocurrency exchange Binance have started a boycott campaign against it. They are accusing it of blocking client accounts without any reason. Binance is a cryptocurrency trading platform based in Nigeria. The activists are encouraging other Binance users across Africa to join them in voicing their unhappiness with the exchange by using the hashtag #Binancestopscamming.

Users’ anger at Binance appears due to modifications in its terms of service, according to a report in the Premium Times newspaper. As a result, some users have lost access to their assets. Similarly, on Twitter, disgruntled individuals detailed their experiences with the exchange. They also detailed failed efforts to resolve the situation. The #Binancestopscamming was trending on twitter. Meanwhile, Binance Africa, stated that it only disables accounts when there is a valid cause. It stated that it may block accounts proactively to protect users’ funds. Sometimes, blocking of accounts is in response to a law enforcement request.

In a tweet on January 27, the exchange informed: “If you’re a Nigerian #Binance user and you believe your account is wrongly suspended, please fill in this form and we will investigate.”

Binance further informed that it is dedicated to collaborating with law enforcement authorities to keep the community secure and to combat fraudulent conduct throughout the sector.  

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