Binance Freezes WEX Exchange Accounts Caught Moving Customer’s Funds

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Changpeang Zhao, the co-founder, and CEO of Binance, the biggest cryptocurrency exchange platforms by trading volume announced via a tweet that they had frozen all accounts belonging to Wex cryptocurrency exchange, citing money laundering concerns.

The decision was made in response to an alert made by Twitter user RedDragon, who warned the public about the suspicious activities happening in the Wex exchange.

Leah Li, the global PR manager at Binance, confirmed on October 25th that the accounts were under investigation as WEX users had informed Binance’s management team that they had been unable to make withdrawals from WEX.

Leah Li announced that accounts which received 93,000 ETH from August 2018, have been frozen on Binance exchange on October 25th.

Read More: https://news.bitzamp.com/binance-freezes-wex-exchange-accounts-caught-moving-customers-funds/