{"id":2778,"date":"2022-02-02T08:00:00","date_gmt":"2022-02-02T07:00:00","guid":{"rendered":"https:\/\/ancstockinvestments.com\/blog\/?p=2778"},"modified":"2022-02-01T12:12:47","modified_gmt":"2022-02-01T11:12:47","slug":"why-binance-has-restricted-some-nigerian-accounts","status":"publish","type":"post","link":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/02\/why-binance-has-restricted-some-nigerian-accounts\/","title":{"rendered":"Why Binance has Restricted Some Nigerian Accounts"},"content":{"rendered":"\n
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Binance, the world\u2019s largest cryptocurrency exchange by volume<\/a>, has restricted 281 Nigerian personal accounts to ensure the platform\u2019s security and prevent fraud, its founder and CEO has said.<\/p>\n

In a statement<\/a>, Changpeng Zhao said that about 38% of the accounts were restricted at the request of international law enforcement.<\/p>\n

\u201cUser security remains our top priority,\u201d he said. \u201cWe love and are devoted to our Nigerian community, but we must ensure that our users are safe.\u201d<\/p>\n

Zhao\u2019s statement comes after complaints by Nigerian<\/a> users who say they have lost access to their accounts and funds without a valid reason. Using the hashtags such as #BinanceStopScamming, #BinanceStealingCrypto, they called for a boycott of the exchange, with many expressing frustration for allegedly failing to get customer care support from Binance.<\/p>\n