Binance is facing criticism over its handling of a 2021 rug pull scam and lack of communication regarding frozen BNB.
Binance is facing criticism over its handling of a 2021 rug pull scam and lack of communication regarding BNB frozen since the attack.
It's now been two and a half years since the crypto exchange froze the stolen funds, with community members criticizing Binance over a lack of communication on what's happened to it. While Binance was able to freeze users’ assets on the BNB Chain mid-rug pull, temporarily stopping the damage, some two and a half years later, “the aftermath revealed an alarming lack of remediation for the affected users,” a community member known as “Neonmatrixbot”Neonmatrix suggested the absence of communication and action to address the situation raises concerns about Binance's “customer first” ethos and centralized interference with the BNB Chain without resolution for users.
However, despite attempts by the community to engage Binance directly through various channels, including DMs, support tickets, tweets to Binance’s CEO Changpeng “CZ” Zhao and reaching out to reputable lawyers, they have been met with silence, Neonmatrixbot said., with members expressing frustration at their attempts to engage with Binance being ignored.
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