Quote from: tegarp90 on October 24, 2018, 04:40:23 PM

Quote from: Erasmuss on October 24, 2018, 01:40:18 PM

Hello everyone,

I would like to share my story with the Bitcointalk community, in order to notify you that anyone may simply be scammed by Binance exchange with no access to their funds.

To begin with, Ive created a Binance account this May for arbitrage trading via their API through the bot that Ive made. Ive made a few large deposits and was trading for about 3 months using the arbitrage strategy for some time. My total balance was around 1.2K BTC (bitcoin veterans know how its possible) at the beginning of September, and everything went pretty fine until the middle September, when Ive received the message claimed that my account was blocked because of the several suspicious login attempts, which confused me a lot. My account was protected by a very complicated password, 2FA and the email that Ive never used anywhere else.

Ive contacted Binance support as soon as Ive noted the message from them, in order to clarify this issue. They have asked me to verify my account and pass a KYC (my account wasnt verified before), in order to prove my identity and show that the name that Ive provided with them matches with my real name. Ive provided them with the documents, but during our negotiation, they have changed the reason of blocking of my account to the internal investigation process. As for now, my funds are locked by Binance, and every single time when Im reaching them out they keep telling me that my account now is a subject of the investigation, and that I have to contact the local law enforcement if I conduct the reason of block unwarranted.

Surely, Ive already contacted a lawyer, in order to speed up the process of getting an access to my funds, however, I still can not find a reason of this block by Binance. Anyways, this message is a notification for every trader that one has to avoid he exchange, if they want to have an access to their funds.

P.S.: Funds are not SAFU, guys.

There must be something wrong, you should contact their support i'm sure they will help you because as long as i know binance has a really great service.

yes i think so.There is something went wrong. I got surprised cause it is huge amount of btc .I also trade on Binanace and its a great platform .I didn't occur anything like this .So i think you should contact with support welly .Hope you will find solution.