Post
Topic
Board Exchanges
Re: In what cases does Binance asks for source of funds ?
by
Darker45
on 19/04/2024, 01:55:42 UTC
I can only hope that Binance has a clear-cut policy on this. But I suspect there is none. The platform can freeze your fund or lock your account all of a sudden and without reason. When asked for an explanation, they can give as generic and shallow an answer as "we detect a suspicious activity in your account". Indeed, there are triggers. But even these aren't clearly pointed out one by one. It's not once, not twice, not thrice, but many times that accounts were frozen pending proofs of source of fund with the owner not knowing why.