A poster on Reddit’s cryptocurrency subreddit is claiming that Binance has blocked access to an account containing 1200 bitcoins – or about $7.8 million USD.
According to /u/skilledguyfx, Binance “blocked my old, active account that was 3d [third] level verified and full of 1.2K BTC.”
The user created the account for arbitrage trading. According to the user, “everything was good for a long time before Binance decided to block it.”
“Since then I’ve had a long conversation with their representative where I provided all my documents (even more than it was necessary), passed video verification and fund verification as well.”