After being named one of the top Bitcoin counterparties of Bitzlato, Binance has been suspending accounts in several countries like in Eastern Europe and the CIS.
Many chat members have openly admitted that they used Bitzlato, including incoming and outgoing transactions between Bitzlato and Binance accounts. Some affected users also expressed outrage and confusion about the action against Bitzlato.
“Though I haven’t been banned anywhere yet, I just lost some on BTC-e, Wex, now it’s Bitzlato, but I consider these bans to be lawlessness,” one chat member“Blockages in relation to Bitzlato are nonsense. They haven’t been proven guilty so far as there are only accusations, so how can this money be dirty?” another userA spokesperson for Binance told Cointelegraph that the recent suspensions were indeed connected to Bitzlato.
The crypto exchange also advised users to have a look at Binance’s article on multiple reasons why their Binance account might beAs previously reported, Bitzlato was a little-known cryptocurrency service allowing users to trade crypto via an exchange and peer-to-peer services. The platform is known to maintain significant operations in Russia, allegedly operating from the Federation Tower skyscraper in Moscow.
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