My 1200 BTC Account Is Blocked By Binance

[kryptqnick]

I’ve 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 I’m 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, I’ve 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.

Thanks for sharing your story. Binance is a very serious and reputable exchange, so I wouldn't go that far to call them scammers. In your story you provided them with KYC, which a very good move of yours, but an account with 1200 btc is just an account with a very big amount of money. They probably have to go into investigation to make sure this money is not involved in any fraudulent activities. It's very weird that they ust say it's under investigation, but the others are right that you should provide more proofs. I saw your video, but could you also provide a proof that the support keeps answering like this?
I am sure that if you did nothing wrong, you'll get your money back. Take a look at this article: https://cryptovest.com/news/kraken-binance-gateio-under-fire-as-ny-attorney-general-suspects-unlawful-operations/. They are probably afraid of the authorities and try to show they're doing their job properly on accounts like yours. You can open a scam accusation against Binance meanwhile with some proofs of your words. This way you will make a difference by both pushing them to give more direct answers and by proving that they are scammers if they don't resolve this matter.

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[enogheghase123]

First thing I notice that how can Binance able to make deposit huge amount without getting KYC. Thread looking some fishy.

I object that without KYC Binance not offer higher deposits as well as withdrawals.

with these facts, it is obvious this post is a false claim, the author just want to cause traffic to his or her thread, this kind of post should be discouraged as this can create a bad image about binance. watch it guys.

[Dr Charles]

First thing I notice that how can Binance able to make deposit huge amount without getting KYC. Thread looking some fishy.

I object that without KYC Binance not offer higher deposits as well as withdrawals.

with these facts, it is obvious this post is a false claim, the author just want to cause traffic to his or her thread, this kind of post should be discouraged as this can create a bad image about binance. watch it guys.

I agree entirely

[cryptohunter]

Heard about this story on reddit a while back

this has happened to a person on there since I saw binance staff answering about it

if this is the same guy who can know for sure

either way if it is true they have locked down his funds even after he has proven who he is and where they came from ( all major exchanges apparently) then that is very worrying

[Slow death]

Post your issue in this section:  Scam Accusations

Scam Report Format (Use it to make scam reports properly)

you say that:

at the beginning of September, and everything went pretty fine until the middle September, when I’ve received the message claimed that my account was blocked because of the several suspicious login attempts, which confused me a lot.

and this:

I was scammed by the Binance exchange right after they blocked my 3d level verified account and as I understand, for now, will never unblocked.

It happened about 2 weeks ago when my account appeared to be “blocked for security reasons”

This post was made on September 20, 2018.

- What was the day your account was blocked?

- Why would you keep 1200BTC in an exchange? This is a very high value.

[TheBeardedBaby]

Interesting story for sure, but there's something fishy.
To many weird stuff here, buying newbie account only to post this is ringing the bell...
Why???

[mahibul49]

1200 btc??i cant believe on my eyes but if binance blocked your account then its really sad.you can take help from john mcafee .mcafee can mention themselve your issue or wait for binance authority to solve it.
and yes exchange is not safe to hold fund.

[hubballi]

The very main point of this story is This is a fake Story build up by OP to troll his postings for his thread.

Today opening account in any exchange you need to fullfil the KYC requirement and their is limit of transaction on each account according to the level they are enrolled.

Op is giving details that without KYC he was operating Arbitrage trading with 1200 btc, Which is highly impossible as everyone is aware that their is trading limit to all exchange trades.

Even if OP is true but he is not able to give his innocence proof. So i think now it is waste of time to troll this thread.

[Ozero]

This situation just indicates how fragile and unreliable cryptocurrency. Dangers to our wallets and accounts exist everywhere, and just keeping our cryptocurrency in cold storage does not always make sense.
It seems that here the employees of this exchange are trying to force the holder of 1200 bitcoins to abandon them, once sent to law enforcement agencies. Practically, they have no reason to block the account. Hopefully this misunderstanding will clear up.

[muncuss]

2 possibilities:
- this is fake
- OP is dumb person for keeping 1200 btc (currently $7,680,000) in exchange.
Give us your deposit tx id

[Pasaway2701]

If I have that much of bitcoin earned from trading, I won't  keep it on exchange because that large amount has big possible to big risk and everyone are looking. That is worst experience of yours, you put all your time for it to earn and now you cannot get it. I can say that exchange, even how secured you make, there still people who will do everything to get passed on it. Hopefully the exchange support can do everything to unblock it.

[dewildance]

Wooww. You own 1200 BTCs and you sent all of it to Binance? What were you thinking about doing this? Didn't you know about the paper wallet? Or the hardware wallets.

[jimskiy]

Are you joke, why binance want to block your account, I am not sure you have 1200 btc in your binance account, maybe you want take many reputation and make Binance exchange will be lower interested by investor to exchange and listed coin at there.

[hunnykaushal]

If this is true then talk to binance support, they will resolve it.

[Spider A4]

Why you deposit 1200 BTC without passing KYC? In binance 24 hours withdrawal limit only 2 BTC if you passing KYC than 24h withdrawal limit will be increased 100 BTC even they mentioned for higher limit you will must be contact binance support.

[ralle14]

you can take help from john mcafee .mcafee can mention themselve your issue or wait for binance authority to solve it.

Asking help from McAfee won't increase the chances of getting his BTC back. Waiting is the only choice OP has.

If this is true then talk to binance support, they will resolve it.

He already did. After reading the comments on reddit, he surely got scammed since he doesn't want to show the full details(header) of the email that was shown in the video. OP should be grateful that Binance didn't gave away the 1200 BTC to the scammers now that they have the necessary proof to claim ownership of the account.

Reddit threads for reference

https://www.reddit.com/r/binance/comments/9ksb3n/continuation_my_binance_account_was_blocked_4/

https://www.reddit.com/r/Bitcoin/comments/9j27r2/my_binance_account_was_blocked_3_weeks_ago_and/

[Eraldo Coil]

There's something wrong in your scenario it is either it's your fault or the system of binance. it is really weird that you didn't do any KYC security before entering that big amount of bitcoin. What you are doing right now is correct, get some advice or ask some lawyers how can you solve this problem.

[pat4cryptoreal]

First thing I notice that how can Binance able to make deposit huge amount without getting KYC. Thread looking some fishy.

I object that without KYC Binance not offer higher deposits as well as withdrawals.

May be He did not deposit all at the same time or He got it through trading. The funny thing some exchangers does is to allow you to deposit but it is when you want to withdraw all the rules will pop up. Though there is no exchanger the will allow such massive withdrawal.

[qiman]

Maybe it is because you have a large amount there and not filled in the relevant KYC documents to be playing with such a great amount? I have traded on Binance, although my account is very small and I have never had any problems. I do hope you manage to unblock your account but having such a large amount of Bitcoins on any given exchange seems to me to be extremely risky in the first place personally speaking.

[Jordens]

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, I’ve created a Binance account this May for arbitrage trading via their API through the bot that I’ve made. I’ve 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 it’s possible) at the beginning of September, and everything went pretty fine until the middle September, when I’ve 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 I’ve never used anywhere else.

I’ve contacted Binance support as soon as I’ve 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 wasn’t verified before), in order to prove my identity and show that the name that I’ve provided with them matches with my real name. I’ve 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 I’m 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, I’ve 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.

I don't know where you young people are in my environment not all addicts and fans of marijuana... A lot of guys are active, involved in sports, many in school, some business independent.