Binance Confirms Terrorist Accounts Were Frozen On Exchange

The biggest cryptocurrency exchange in the world by volume, Binance, has announced that it has suspended accounts belonging to terrorists.

Binance said in a tweet on January 30 that all terrorist accounts on our exchange have been frozen.

The news follows a recent flurry of tweets from people claiming they lost bitcoin money due to hacking.

Later, Binance made it clear that since it is a private issue between specific consumers and their banks, it would not be able to disclose the number of persons impacted.

The biggest cryptocurrency exchange in the world by trading volume, Binance, said today that it had blocked accounts belonging to terrorists on its platform. The action was taken in reaction to a recent upsurge in dubious trading activity on the platform.

All accounts that have tried to conduct transactions with terrorists or terrorist-related groups will have their funds blocked until further notice, according to a statement released by Binance on Tuesday, marking the beginning of this procedure.

The announcement was made just a few days after a significant attack on the exchange allowed thieves to steal $40 million worth of cryptocurrency. In reaction, Binance briefly stopped accepting deposits and withdrawals from any user before starting up again.