Binance freezes accounts of a suspicious cryptoexchange

Victoria SavchukNovember 1, 201817

Binance has freezed several accounts connected to Wex exchange, referring to the suspicions about money laundering.

Recently the Binance CEO has written in his Twitter about freezing of several Wex accounts. He added that Binance will in any way collaborate with law enforcement if a court case is opened.

Wex, known as a Russian cryprtocurrency exchange, has tough history. Firstly introduced under the name ‘Btc-e’, the company evoked a wave of social outrage, when its assumed operator Aleksandr Vinnik had been arrested.

Users of this exchange informed the public that they cannot use their funds, commenting on their stories on the website.

According to the words of the Binance CEO the vast majority of this money was run through the exchange. At the moment Binance claims that it is ready to work with law enforcement authorities.

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Victoria Savchuk