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"Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange - Investment - Nairaland

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"Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by KINGofHELL: 2:21pm On Jan 26
If you are an African cryptocurrency trader or hodler and you use Binance, you should consider moving your cryptocurrency assets out of the exchange to a cold wallet until the exchange explains why it's targeting Nigerians' accounts for freezing.

Meanwhile, #BinanceStopScamming is currently trending on Twitter.

See tweets below.

12 Likes

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by KINGofHELL: 2:21pm On Jan 26
It's Okay when you liquidate my portfolio in a bad trade, it

when I give access to scammers and they steal my wallet that's my fault.

But don't tell me shit that my account is locked and I can't access my funds for no reason
#binancestopscamming

2 Shares

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by KINGofHELL: 2:22pm On Jan 26
More.

1 Share

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by KINGofHELL: 2:22pm On Jan 26
More...

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by Kriss216: 2:39pm On Jan 26
The first 2 monikers below me should be ignored like used diapers.

60 Likes 6 Shares

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by FreeStuffsNG: 2:42pm On Jan 26
Cunny man die, cunny man bury am.
Cryptocurrency itself is a fraud, ponzi and financial mania.


In case you do not know what Monkey Business is all about; Now read this so you will know that Cryptocurrency is a monkey business fraud :
************
A lot of monkeys lived near a village.

One day a merchant came to the village to buy the monkeys.

He announced that he would buy the monkeys for £100 each.

The villagers thought he was mad.

They thought how can somebody buy stray monkeys for £100 each?

Still, some people caught a few monkeys and gave them to the merchant and he gave them £100 for each monkey.

This news spread like wildfire and more people caught more monkeys to sell to the merchant.

After a few days, the merchant announced that he would buy monkeys for £200 each.

Even the lazy villagers now ran around to catch the remaining monkeys and sold them for £200 each.

Then the merchant announced that he will buy monkeys for £500 each.

The villagers started to lose sleep! They caught six or seven monkeys, which was all that was left, and got £500 for each one.

The villagers were waiting anxiously for the next announcement.

Then the merchant said he was going home for a week and when he returned he would buy monkeys for £1,000 each.

He asked his employee to take care of the monkeys he bought.

The merchant went home and the villagers were very sad as there were no more monkeys left for them to sell at £1,000 each.

Then the employee told them he will secretly sell them monkeys for £700 each.

This news spread like wildfire. Since the merchant will buy monkeys for £1,000 each, there is a £300 profit for each monkey.

The next day the villagers made a queue near the monkey cage.

The employee sold all the monkeys for £700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys.

The villagers took care of the monkeys and waited for the merchant to return.

But nobody came.
They ran to the employee, but he had already left too.

The villagers then realised that they had bought the valueless stray monkeys for £700 each and were unable to sell them.

Beware of Monkey Businesses

Real Businesses are always based on Real Products and Services; any profit that comes cheap has a question mark. For instance, invest #2m today and get #4m in 30days. You will get the first month, second month, with the urge to make more money, you invest both the interest and principal into the 3rd month. That's when they vacate.

No more monkeys business this year....

Nice and sweet promises are calculated for u which look wonderful on paper but a mirage in reality.

invest wisely

Again never engage in any form of Monkey Business in "2022".

Remain blessed and shine your eyes!!!

#copied.

141 Likes 18 Shares

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by helinues: 2:42pm On Jan 26
Nigerians always like to form victim. Why should Binance target Nigerian clients? Would that increase their profit or decrease it.

24 Likes 3 Shares

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by excellence44(m): 2:56pm On Jan 26
Ignore the 2 rodents above with all alacrity. They are so bitter because boys are making legit money from crypto which far outweigh their 30k BMC allowance.

178 Likes 13 Shares

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by Nyanmiridunce: 2:56pm On Jan 26
Binance has destroyed many lives in the last 48 hrs.

24 Likes 1 Share

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by Goldbw122: 3:28pm On Jan 26
So painful

5 Likes

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by slimanyd: 4:34pm On Jan 26
Lol. Nexo did same for me as well about 2 months ago. My 1k$ was locked up in there system. Chatted and chatted there rep , Send multiple mails, No response. After about 2 months. Those fools later send me a mail that I should transfer out my coin within 7 days that they are closing down my account. I quickly zeh my funds to my blockchain account instantly.

Guess there excuse , They said have gone against there terms and condition. Like wtf , Nexo wallet wey I dey use buy and sell crypto for people for the past 1 year. Nah when 1k$ enter from Instant naira where I dey always buy my bitcoin, Them sabi say I don go against one foolish T and C. I was even happy I did not buy bitcoin from a 3rd party person maybe they would have changed the story for me.

But binnace no dey show love sha. Since u don't want them to use ur wallet again. Release there coins to them and let them go somewhere else. This shit . they can't do it with all those white niggas . They will sue there ass off. Awon ole

32 Likes

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by Essenza01: 5:14pm On Jan 26
Binance is discouraging crypto bureau de changers... if you have fund in Binance, then it should be attached to a coin and not just storage that increases inflation globally.

Someone having $500k in USDT and not attached to a coin is totally wrong. As you you have deprived your nation of capital rotation thereby increasing borrowings and inflation.

25 Likes

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by neuf(m): 5:40pm On Jan 26
not to be the devil's advocate. mtcheeww nso ntang sef
being the devil's advocate.

This new trend of posting a thread on nairaland about a twitter trend then proceeding to post 200 screenshots of twitter app page should stop...

2 - 5 is enough. Who wants to know more, knows where twitter is

151 Likes 6 Shares

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by TheGreatIYANU: 5:59pm On Jan 26
Hopefully, most are not bearing the brunt of what SOME have done
Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by blamingthedevil: 6:03pm On Jan 26
I beg, why are you guys disturbing the peace of nairaland?


When you guys are investing, did you informed us?

26 Likes 2 Shares

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by obiekunie01: 6:55pm On Jan 26
Essenza01:
The proverbial adage of the "The baby cried last night, the witch died this morning"..

Got an E-mail yesterday from Binance about Log-in IP Address change. The NIGERIANESS in me refused to open the mail to review any security thing. undecided ...and today everyone is crying..

stay dey form badass no go withdraw all you asset now untill they do u strong thing!

4 Likes 1 Share

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by NairalandMD: 9:04pm On Jan 26

Binance keh...
Paxful All The Way wink

5 Likes 1 Share

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by ogawisdom(m): 9:40pm On Jan 26
Part of reasons FG banned crypo

Most Nigerians use crypto to receive proceeds of international fraud.

An account suddenly receives 50k USD - 500k USD but have never had 1k USD for long and it's not from crypto market investment.

Na them. Yahoo boys claiming crypto traders grin grin G boys cool

Most Nigerians are fraudsters n into money laundering.


Binance will never block your account for no reason, the problem is that most people do not realise that these exchanges work with Law Enforcement agencies. There is a reason they are called "Centralized" and require "KYC" to operate.

Binance deserves commendation

66 Likes 8 Shares

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by walemoney007(m): 9:57pm On Jan 26
Person wey dey paxful suppose dey watchful p

But OP, the screenshot too many o

14 Likes

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by jaxxy(m): 11:22pm On Jan 26
Hmmm
Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by ThunderStrike: 11:42pm On Jan 26
Binance is seriously defrauding Nigerians. Binance is a sham and a scam

3 Likes

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by Cholls(m): 11:44pm On Jan 26
My brother you guys are actually playing to their agenda... first, they want to frustrate you and then introduce you to a new monetary system that will enslave you

8 Likes

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by PapaNnamdi: 12:11am On Jan 27
Nigerians are so dumb,
Especially the youths
Bunch of dumb lazy useles brainless kids who want to drive cars and all squat in a 2bedroom flat,

There is no future for this country,
These youths can't be teachers doctors or lawyers in the next 15years..
Dumb pieces of shit

Binance will shut down your wallet if a fraudulent transaction is traced to you,
Binance can trace transactions, and recently fraudulent transactions by our leaders of tumoro Is all over the Blockchain, they steal alt coins through phishing, send it to separate wallets and sell to you wey de trade crypto, u buy and sell to make profit,
If u still have traces of the stolen coins or you bought them unknowingly, you are on your own..

Everybody everywhere In the country is into fraud, what rubbish..

98 Likes 10 Shares

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by kenny714433(m): 12:51am On Jan 27
I am indifferent towards this trend.

Assuming I have like 5M, honestly I wouldn't want to save it in naira, rather I'd buy a coin even if its stable coin. Imagine buying 5M worth of coins and Binance freezing my account...


There's also no doubt that more than 50% of those complaining are into fraudulent activities. Imagine wiping someone's life savings without having any remorse

I blame it on the poor customer service of Binance, they should have communicated the offence before suspending any account. That would have shut up the mouth of fraudsters.

Eg. Dear user, a transaction has been traced to your account which has been reported by the user with CA 0x261AC.......4927...as a result your account has been permanently suspended.

43 Likes 5 Shares

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by NaMe4: 12:52am On Jan 27
This has nothing to do with fraud/money laundering by Nigerians or any of the crypto-trading platforms or wallets trying to defraud Nigerians.

Since February 2021, this administration through the CBN banned the facilitation of any transaction involving cryptocurrency with Nigerian banks.
This was one of their disingenuous ways of attempting to debilitate the Nigerian youth financially following the End SARS Protest in the late part of the previous year.

Using a Nigerian bank, you can't access your funds in your crypto trading account; not just at Binance, but Luno and other crypto wallets.

Some of us protested and condemned such move, but it seemed we were just 'making noise' at that time.

We pray our youth get sense before the next elections.

5 Likes 1 Share

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by FreeStuffsNG: 1:05am On Jan 27
NaMe4:
This has nothing to do with fraud/money laundering by Nigerians or any of the crypto-trading platforms or wallets trying to defraud Nigerians.

Since February 2021, this administration through the CBN banned the facilitation of any transaction involving cryptocurrency with Nigerian banks.
This was one of their disingenuous ways of attempting to debilitate the Nigerian youth financially following the End SARS Protest in the late part of the previous year.

Using a Nigerian bank, you can't access your funds in your crypto trading account; not just at Binance, but Luno and other crypto wallets .

Some of us protested and condemned such move, but it seemed we were just 'making noise' at that time.

We pray our youth get sense before the next elections.




If the bolded is the case, all those lamenting above won't be regarded as scammers by their co-travellers.

You just dragged politics into it yet has no solution beyond talking down on the youths who are the same ones calling out the scammers among them. If you don't see anything good in the Nigerian youths you sounded as if they deserve to be so treated.

As for me o, I know cryptocurrency is a fraud, ponzi and financial mania. It's all a matter of time. All those looking for free money will soon realise that they are the victims in the monkey business called cryptocurrency.

14 Likes 2 Shares

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by NaMe4: 1:08am On Jan 27
PapaNnamdi:
Nigerians are so dumb,
Especially the youths
Bunch of dumb lazy useles brainless kids who want to drive cars and all squat in a 2bedroom flat,

There is no future for this country,
These youths can't be teachers doctors or lawyers in the next 15years..
Dumb pieces of shit

Binance will shut down your wallet if a fraudulent transaction is traced to you,
Binance can trace transactions, and recently fraudulent transactions by our leaders of tumoro Is all over the Blockchain, they steal alt coins through phishing, send it to separate wallets and sell to you wey de trade crypto, u buy and sell to make profit,
If u still have traces of the stolen coins or you bought them unknowingly, you are on your own..

Everybody everywhere In the country is into fraud, what rubbish..

Wow.

Nigeria has a looming social disaster, taking into consideration the growing crime rate by the average helpless youth.


FreeStuffsNG:


If the bolded is the case, all those lamenting above won't be regarded as scammers by their co-travellers.

You just dragged politics into it yet has no solution beyond talking down on the youths who are the same ones calling out the scammers among them. If you don't see anything good in the Nigerian youths you sounded as if they deserve to be so treated.

As for me o, I know cryptocurrency is a fraud, ponzi and financial mania. It's all a matter of time. All those looking for free money will soon realise that they are the victims in the monkey business called cryptocurrency.

Just noticed the complaints by those users. Really unfortunate.

I just hope when this trend of various cybercrimes gets curtailed, Nigerians won't experience a shift of these activities from the cyber world into the real world.

Politics/governance/failed leadership cannot be removed as a major causative factor when discussing these societal anomalies in Nigeria.

This is just one of the 'normal' failures of the Nigerian society in the headlines today:

https://www.nairaland.com/6958245/kwara-govt-begins-secret-employment

2 Likes

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by beezyblaze(m): 4:23am On Jan 27
This is crazy.
Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by MikeMicheal(m): 4:38am On Jan 27
Criminals complaining about freezing their stolen funds.
THIEVES!!!!

Binance keep it up.
Please Continue the freezing

37 Likes 1 Share

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by joinnow: 6:50am On Jan 27
MikeMicheal:
Criminals complaining about freezing their solen funds.
THIEVES.

Binance keep it up.
Please Continue the freezing
Exactly karma is catching up with them.
Do not scam.
Edited

18 Likes 1 Share

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by Timekeeper: 10:58am On Jan 27
grin angry


Majority of them are scammers and I hope binance keep blocking their acct


Only genuine people have right to speak..... U can't defraud someone of his hard earned money and cry foul to binance....

Binance stop scamming genuine ones

31 Likes 3 Shares

Re: "Binance Stop Scamming Us!" - Nigerian/African Traders Lament, Blast Exchange by Iamajala: 10:58am On Jan 27
IMO: Na person wey dey find free money dey trade crypto undecided

10 Likes 2 Shares

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