A growing number of users on Binance’s P2P marketplace are alleging that the exchange is restricting their accounts and preventing them from accessing their funds.
The users claim that despite being verified, the Binance customer support team has canceled their transactions, claiming that the “buyer’s funds were stolen.”
This has led to frustration and anger among the affected P2P traders, who rely on the platform to facilitate quick and easy transactions with other individuals.
Binance, which is the largest crypto exchange by volume, has faced several challenges this year, including criticism for contributing to the collapse of the FTX exchange, a ban on withdrawals under $100,000 via the SWIFT network, and shutting down accounts related to illegal fund funneling.
