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Crypto: Binance blocks 281 Nigerian accounts

The personal accounts of 281 Nigerian users have been blocked by Binance.

Binance said it decided for the need to comply with international money laundering laws, according to its CEO.

Specifically, Changpeng Zhao through a letter addressed to Nigerian customers dated January 29 added that more than a third of the affected accounts were restricted at the request of international law enforcement.

He also said that the decision to restrict some personal accounts was to ensure user safety.

Changpeng Zhao said: “Currently, we have resolved 79 cases and continue to work through others. All non-law enforcement-related cases will be resolved within two weeks.”

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