Binance Stuck My withdrawal

[BitcoinGirl.Club]

I have not received any update till now. Last update was I will be able to withdraw the fund if the balance is more than the arrears amount.

All BS. These centralized exchanges are keeping it's clients hostage to recover their lose. How in the earth it's a customer's fault?

I think we need some other options:
1. Having many centralized exchanges so that a small group do not play monopoly game. Binance is playing monopoly game in my opinion.
2. As we become strong, we need to find a way to avoid centralized exchanges and focus on P2P trades and it's better if we have decentralized exchanges where crypto users can spot trade like they do in those centralized exchanges.

It was approximate amount at that time. Though it should be about 1/3 of that as the price dropped.

In other words, you got scammed $80k by Binance. Sorry to hear your lose brother.

[1714918999]

1714918999

[1714918999]

1714918999

[shasan]

I have not received any update till now. Last update was I will be able to withdraw the fund if the balance is more than the arrears amount.

All BS. These centralized exchanges are keeping it's clients hostage to recover their lose. How in the earth it's a customer's fault?

I think we need some other options:
1. Having many centralized exchanges so that a small group do not play monopoly game. Binance is playing monopoly game in my opinion.
2. As we become strong, we need to find a way to avoid centralized exchanges and focus on P2P trades and it's better if we have decentralized exchanges where crypto users can spot trade like they do in those centralized exchanges.

It was approximate amount at that time. Though it should be about 1/3 of that as the price dropped.

In other words, you got scammed $80k by Binance. Sorry to hear your lose brother.

You are right that binance playing monopoly game with its user. And we have to try to avaoid centralized exchange but before that there should have enough decentralized exchange. Centralized exchange do not want to take any loses even if the fault occured by the exchange like this case.

[BitcoinGirl.Club]

Centralized exchange do not want to take any loses even if the fault occured by the exchange like this case.

I think the customers do not care if they are in lose or profit, the same applies to Binance itself. Clearly in this case things were wrong from Binance side as it happened with several other users too. If they make a mistake they are responsible to make it right. In-fact they were liable to compensate you for the security breach in your account instead they are punishing you as it was your fault.

To resolve this issue what are you going to do? Will you really deposit the money they are asking to make it level or you are going to leave the account for good or you are going to take legal actions against them.

[LoyceV]

In other words, you got scammed $80k by Binance. Sorry to hear your lose brother.

He got scammed for the amount he had in his account (hopefully a lot less than $80k).

In-fact they were liable to compensate you for the security breach in your account

There was no security breach. Just a dumb mistake of broadcasting a low-fee transaction for 19 months, so lack of internal wallet maintenance.

or you are going to take legal actions against them.

There's of course a reason Binance is hiding in the Caymen Islands.
If Binance would really have a case against shasan, they would have been the one taking legal action.

[shasan]

If they make a mistake they are responsible to make it right.

You are right and I agree with you.

In-fact they were liable to compensate you for the security breach in your account instead they are punishing you as it was your fault.

It has not security breached. It sent automatically from their hot wallet which was stuck for their low fee and they resent that on that time. But they had not cancelled those transaction which was stuck for low fee.

To resolve this issue what are you going to do? Will you really deposit the money they are asking to make it level or you are going to leave the account for good or you are going to take legal actions against them.

I have just contacted with them and not trying to do anything more for now. I have not deposited any and I will not do that as it was not my fault and those address is not mine.

He got scammed for the amount he had in his account (hopefully a lot less than $80k).

Yes, you are right that the amount is less than 80k. It is not too small and base on my country it is a huge amount.

If Binance would really have a case against shasan, they would have been the one taking legal action.

They will not do that as that was their fault.

[BitcoinGirl.Club]

It is not too small and base on my country it is a huge amount.

Only Binance know what will be their final decision but I hope this amount was not such huge amount for you that you can not afford to lose. I wonder why it's taking so long too. Looking at the topic creation date it's been around 4 months. If it's about cancelling a transaction or being stuck in the network for lower fees then should it really take ages?

[shasan]

It is not too small and base on my country it is a huge amount.

Only Binance know what will be their final decision but I hope this amount was not such huge amount for you that you can not afford to lose. I wonder why it's taking so long too. Looking at the topic creation date it's been around 4 months. If it's about cancelling a transaction or being stuck in the network for lower fees then should it really take ages?

The amount I will lose is not affordable but nothing to do as they will claim once upon a time I have used that wallet but they will deny that the wallet wasn't mine. Also, though the amount is not affordable for me but it is obviously a small amount for binance. So, I am optimistic that I will get all of my fund today or tomorrow. Just I have to be patient, nothing else.