{"id":213312,"date":"2022-01-28T10:00:51","date_gmt":"2022-01-28T10:00:51","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=213312"},"modified":"2024-03-01T16:29:44","modified_gmt":"2024-03-01T16:29:44","slug":"nigerians-attack-binance-trends-binancestopscamming","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/nigerians-attack-binance-trends-binancestopscamming\/","title":{"rendered":"Nigerians attack Binance, trends #BinanceStopScamming"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The largest crypto exchange by trading volume, Binance, is under fire from its <a href=\"https:\/\/cryptoslate.com\/nigeria-ranks-ahead-of-u-s-others-in-crypto-ownership\">users in Nigeria<\/a> over the \u201cunreasonable\u201d closure of their accounts amidst other inappropriate activities carried out by the platform.<\/span><\/p>\n<h2><b>Nigerians lash out at Binance<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">According to a trending Twitter Nigeria hashtag, #BinanceStopScamming, which has generated over 20k tweets within the last 24 hours, several users have alleged that Binance closed their accounts or froze their crypto holdings without offering any explanation for their actions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Binance is one of the most used exchanges in the country due to its <a href=\"https:\/\/cryptoslate.com\/nigeria-moved-40-million-via-peer-to-peer-bitcoin-btc-trades-last-month\">peer-to-peer (P2P) feature<\/a>, allowing crypto traders to bypass the government's hardline stance towards the industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One user, Ama Judy, wrote that the exchange had seized her crypto holdings for ten months. She stated that her attempts at reaching out to the firm\u2019s customer service unit had not gotten any positive response.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">It\u2019s been 10 months now that Binance held my hard earned crypto, I have reached out to customer care severally, till now I have not been given any tangible reason for this act <a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@binance<\/a> <a href=\"https:\/\/twitter.com\/BinanceAfrica?ref_src=twsrc%5Etfw\">@BinanceAfrica<\/a> <a href=\"https:\/\/twitter.com\/cz_binance?ref_src=twsrc%5Etfw\">@cz_binance<\/a> <a href=\"https:\/\/twitter.com\/BinanceHelpDesk?ref_src=twsrc%5Etfw\">@BinanceHelpDesk<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BinanceStopScamming?src=hash&ref_src=twsrc%5Etfw\">#BinanceStopScamming<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BinanceStealingCrypto?src=hash&ref_src=twsrc%5Etfw\">#BinanceStealingCrypto<\/a><\/p>\n<p>&mdash; Ama Judy (@AmaJudy_) <a href=\"https:\/\/twitter.com\/AmaJudy_\/status\/1486104979844866056?ref_src=twsrc%5Etfw\">January 25, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>When she was contacted for further information, she revealed that the exchange first blocked her ability to withdraw her crypto assets in March 2021 because of \u201crisk control.\u201d Fast forward to January this year, the exchange disabled her account because she violated their terms and conditions.<\/p>\n<p><span style=\"font-weight: 400;\">In her words:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cI found out they had disabled my account and the reason given was I violated their terms and conditions by having more than one account; this is a big lie because I do not have another Binance account apart from one, which is the one I am having an issue with.\u201d<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Other users also <\/span><a href=\"https:\/\/twitter.com\/JoshuaNwogodo\/status\/1486274939648884742?s=20\"><span style=\"font-weight: 400;\">complained<\/span><\/a><span style=\"font-weight: 400;\"> about the quality of responses the customer service of the exchange gave them.<br \/>\n<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Are you still using binance? Many people coin have been locked for years, months and days now without any reason and to make the matter worst some of the account have been closed STOP USING BINANCE FOR UR OWN Interests.. <a href=\"https:\/\/twitter.com\/hashtag\/binancestopscamming?src=hash&ref_src=twsrc%5Etfw\">#binancestopscamming<\/a><\/p>\n<p>&mdash; Bu_kng (@FX_bitcoin4) <a href=\"https:\/\/twitter.com\/FX_bitcoin4\/status\/1486234419681710082?ref_src=twsrc%5Etfw\">January 26, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><b style=\"color: #333333; font-family: heebo, sans-serif; font-size: 22px;\">Binance terms and conditions under spotlight<\/b><\/p>\n<p><span style=\"font-weight: 400;\">A look at a number of the responses given by the customer service agent of the exchange would reveal that they were quoting a part of Binance terms and conditions, which gave them the right to freeze users\u2019 accounts without their consent or notice.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The said terms and conditions in screenshots seen read in part, \u201cBinance and Binance Chain community reserves the right to refuse service of the Site, or to bar transactions from or to, or terminate any relationship with, any user for any reason (or for no reason) at any time.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Binance Terms and Conditions. The first sentence contains a clause, and that&#39;s insane. <a href=\"https:\/\/twitter.com\/hashtag\/BinanceStopScamming?src=hash&ref_src=twsrc%5Etfw\">#BinanceStopScamming<\/a> <a href=\"https:\/\/t.co\/StReqKDEwg\">pic.twitter.com\/StReqKDEwg<\/a><\/p>\n<p>&mdash; \u00aePlug (@pureviberplug) <a href=\"https:\/\/twitter.com\/pureviberplug\/status\/1486314283818532869?ref_src=twsrc%5Etfw\">January 26, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">This clause has generated criticism on Twitter as some users have labeled it \u201ccrazy.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Binance's official site <\/span><a href=\"https:\/\/www.binance.com\/en\/terms\"><span style=\"font-weight: 400;\">shows<\/span><\/a><span style=\"font-weight: 400;\"> that the exchange says it could suspend users' accounts if it suspects that any account is in violation of its terms, privacy policy, and any applicable laws and regulations.<\/span><\/p>\n<h2><b>Binance reacts<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In response to the wave of allegations, the company released a statement calling for calm, and that it was working on the issues.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Binance also asked users who believe their accounts have been wrongly suspended to fill out a form where they could properly investigate the matter.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">(1\/4) If you&#39;re a Nigerian <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&ref_src=twsrc%5Etfw\">#Binance<\/a> user and you believe your account is wrongly suspended, please fill in this form and we will investigate.<\/p>\n<p>\ud83d\udc49 <a href=\"https:\/\/t.co\/u8uNfYegNQ\">https:\/\/t.co\/u8uNfYegNQ<\/a><\/p>\n<p>Open this thread for an explanation of what&#39;s happening\ud83d\udc47 <a href=\"https:\/\/t.co\/1M1D3ojdOu\">pic.twitter.com\/1M1D3ojdOu<\/a><\/p>\n<p>&mdash; Binance Africa (@BinanceAfrica) <a href=\"https:\/\/twitter.com\/BinanceAfrica\/status\/1486435037545472006?ref_src=twsrc%5Etfw\">January 26, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Additionally, the exchange said it \u201cproactively 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.\u201d<\/p>\n<p><span style=\"font-weight: 400;\">To further address the issues, it has set up an AMA session slated for 11 AM today.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest crypto exchange by trading volume, Binance, is under fire from its users in Nigeria over the \u201cunreasonable\u201d closure of their accounts amidst other inappropriate activities carried out by the platform. Nigerians lash out at Binance According to a trending Twitter Nigeria hashtag, #BinanceStopScamming, which has generated over 20k tweets within the last 24 [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":213381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nigerians attack Binance, trends #BinanceStopScamming<\/title>\n<meta name=\"description\" content=\"Binance users in Nigeria are trending a hashtag on Twitter to call the attention of the exchange to the quality of its services.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/nigerians-attack-binance-trends-binancestopscamming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigerians attack Binance, trends #BinanceStopScamming\" \/>\n<meta property=\"og:description\" content=\"Binance users in Nigeria are trending a hashtag on Twitter to call the attention of the exchange to the quality of its services.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/nigerians-attack-binance-trends-binancestopscamming\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-28T10:00:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-01T16:29:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/01\/nigeria-binance.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/nigerians-attack-binance-trends-binancestopscamming\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/nigerians-attack-binance-trends-binancestopscamming\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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