Binance were set to zero more than $1M corporate account without any explanation!

Yet one more reminder that "not your keys — not your crypto" rule was, is, and might be precise even in case you are a VIP shopper.

Binance blocked our corporate account (Baking Dangerous OÜ) at first of July with none explanations. Any attempts to break via the client help failed towards commonplace responses that there's an ongoing investigation. For the subsequent two months we have been making an attempt to succeed in out to the compliance workforce or a minimum of to someone who might deliver some mild on the case, however it was worthless.

Next thing Binance did was closing our margin positions though there was more than sufficient margin — additionally without any explanations (and even notifications). Finally, they set all our balances to zero, identical to that, greater than $1M loss. It's clearly an outrage, even when there's a supposedly "ongoing investigation", and we gained't tolerate that.

There are screenshots to verify what I wrote but I'm unsure if they can be hooked up here..

So have in mind, that even in case you assume that you're 100% compliant and doing nothing that violates the contract or regulation — your funds will not be safu.