Binance stole my funds

It isn't information that Binance operates in shady ways, and is all the time changing their coverage and phrases with little to no notice. But because they've massive buyers behind them, a lot of the liquidity out there, and quite a bit market and mind-share, their wrong-doings have been let slide.

Final yr, my father passed away. This yr, our family tried withdrawing funds from his account, but the funds received locked. Binance required Facial Verification (one thing we never needed to do prior), which is now, on account of our father's dying, unattainable. (to not mention, goes utterly towards the Cypherpunk rules of decentralization, privateness, dis-intermediation that CZ and Binance preach to defend).

Binance informed me that, to be able to get our a refund, we needed to begin an Inheritance Claim course of, which we did. I had to offer numerous documents, from many relations, with certifications, translations, copies, and so on. A whole lot of charges payed, lots of time consumed.. (driving around, gathering documents, signatures, certifications, and so on, and so forth.)

Months later, after a number of help tickets, emails sent, conversations with help... they nonetheless gained't return our funds. They all the time say that "subsequent week" will probably be solved and they'll contact me by way of e mail. We at the moment are hiring legal professionals and beginning the due authorized proceedings to persecute Binance and get well our funds.

TLDR: Might this be a warning to all users who maintain funds in Binance. The moment they determine to lock your funds for whatever cause, it is going to be a nightmare for you and your loved ones. Your funds can be seized away behind a bureaucratic wall with no due date of return, no interest payed, no reimbursement for fees, gasoline, tickets, and so forth. NOT YOUR KEYS, NOT YOUR COINS.