Binance Hits Back at ‘Embezzlement’ Claim
Cointelegraph
Published Apr 08, 2020 11:08PM ET
Updated Apr 09, 2020 12:40AM ET
Binance has fired back at claims that it ‘embezzled’ hundreds of thousands of dollars in funds that were frozen from a user’s account in November 2018.
In a lengthy statement the exchange said the funds were frozen at the request of South Korean law enforcement agencies because the account holder had allegedly received 3,995 Ethereum (ETH) through a listing fee scam. Binance provided screenshots of correspondence with the Korean authorities to back up its claims.
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Written By: Cointelegraph
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