Cryptocurrency

Binance: Nigerian Users Call Out Crypto Exchange for Scam

Nigerian Users Call Out Crypto Exchange for Scam

  • Some Nigerian cryptocurrency enthusiasts have called out cryptocurrency exchange Binance threatening to boycott
  • The popular exchange has been accused of freezing client accounts without giving a valid reason
  • Nigerians urged other Binance users in Africa to join the campaign by registering their displeasure using the hashtag #Binancestopscamming

Several Nigerians recently took to Twitter to launch a campaign against cryptocurrency exchange giant Binance.

The frustrated Nigerians lamented about various technical issues with the exchange which the company has failed to resolve.

One of the major complaints about the exchange was that users’ accounts were being blocked without valid reasons.

Various complaints of that sort were seen under the Twitter Nigeria hashtag, #BinanceStopScamming, which generated over 20k tweets.

One user, Ama Judy claimed that her cryptocurrency had been seized for more than 10 months and all attempts to reach the company for support have proven to be futile.

Binance

Other users complained about the quality of their customer care service and urged other Africans to boycott Binance.

Read also: Tesla Continues to Hold Bitcoin Despite Market Crash

Following the complaint, the company responded by releasing a form that users with problems could fill out to get a quick response.

Additionally, the exchange claimed that some users’ accounts were blocked to protect funds and accounts will never be restricted without good reason.

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