The Debate Over Binance Account

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> It plans the route that will make the fewest hops before reaching a wired connection or a backhaul node. While this one of a kind opportunity for securing your own financial future may be very appealing, one of the greatest errors people make concerning this possibility is seen with merely investing money with conducting no research or market evaluation. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. Ethereum’s daily trading volume is over $20Bn. In early June 2018, on the cryptocurrency subreddit (/r/cryptocurrency), one user detailed a process that led an account with over $50,000 worth of cryptocurrency to be inaccessible. A crypto investor lost $50,000 on Binance, the world’s largest cryptocurrency exchange. In order to trade with cryptocurrency on Binanceyou can use US dollars, INR, euros or another fiat currency. Before you can use the Binance chat and talk with a representative from Binance, you will first need to log in to your account. Unfortunately, however, the user will never be able to get the funds back. However, BeanThe5th responded to Binance with a major concern; because the hackers have access to the email linked to the investor’s account, they could submit a support ticket to initiate the process of recovering funds, which may potentially lead to the loss of additional funds held in various digital assets. In addition to the settlement of the dispute, which is presently the top concern for those impacted about a month after it began, it is also conceivable to investigate if the assets traded on the exchange are in compliance with Colombian legislation. For many weeks, a number of Colombians have claimed that Binance exchange had blocked their accounts and frozen the funds deposited in them. By hacking into Hotmail and Binance accounts, the hackers were able to withdraw two Bitcoins, before the investor publicly released a statement on the cryptocurrency subreddit, requesting Binance Support to lock the account to prevent the leak of more funds.
A month passed since the investor filed a request to Binance to lock the account and streamline the process of recovering the funds stored within the account. Still, since Binance Support has been reluctant towards processing any support request that is not sent from the email linked to the Binance account, the investor has not been able to access the locked account. Although Suárez Venegas claimed that police from other countries, including the Netherlands and the United States, may request to investigate the source of the funds, he clarified that the Dutch authorities are unable to leave the country. This led to attorney Camilo Suárez Venegas providing an overview of the case, where he expressed his optimism that the individuals affected would reach a favorable settlement, Criptonoticias reports. Given that many of those impacted owned more than one Bitcoin (BTC), the situation caused significant anxiety among the individuals who have yet to get clear explanations from the company’s customer service depart.