Binance to Froze WEX Related Accounts

Measures were taken in response to requests from WEX users, who have not been able to withdraw their funds
31 October 2018   1705

Binance froze the accounts, which received 93k ETH from the wallets associated with the well-known WEX trading platform. It is reported by CoinDesk.

The accounts were frozen on October 25, but this became known only a few days later from a tweet from the head of Binance Changpen Zhao.

the identified accounts are frozen, please report to law enforcement and have a case number. We will work with LE. This is part of centralization we hate too, dealing with other exchange's mess (we don't even know the details). But we will do what we can.
 

Changpen Zhao at Twitter

Head, Binance

Shortly before this, Twitter-user John James wrote that funds from WEX cold wallets come to Binance, which means that the latter contributes to the laundering of money stolen from users.

Measures were taken in response to requests from WEX users, who have not been able to withdraw their funds for a long time. They managed to track the movement of funds in the Ethereum blockchain and came to the conclusion that the 25 transactions that arrived at Binance from August to October were sent from WEX-related wallets.

Users were concerned that WEX (the successor of the infamous BTC-e)does not offer the possibility of withdrawing funds since July 2018. In October, Russian users turned to law enforcement for help.

According to CoinDesk, “hundreds of WEX users” cannot get their money back, judging by the number of participants in the corresponding Telegram-chats. At the same time, funds at risk are estimated at least $ 18 million.

According to WEX users who applied to Binance, the first transaction at 485 705 ETH was performed on July 29 last year. According to Etherscan, it was produced from a previously owned BTC-e address. From September 2017 through January 2018, another 480,000 ETH were sent via 32 transactions to another WEX wallet, as well as other addresses. After that, funds from one of these addresses gradually entered the wallet of the Binance exchange.

WEX Funds
WEX Funds

Binance spokesperson said that her company always investigates user complaints and suspends access to accounts seen in suspicious activity.

In September last year, the infamous BTC-e exchange restarted on the domain WEX.nz. In April, it became known that WEX paid off 20% of the total amount of debt obligations of the BTC-e platform.

After some time, cryptocurrencies on WEX began to trade at a price much higher than average. However, anxiety among users has increased even more when it became known that the ex-militant of "DPR" Dmitry Khavchenko was going to buy the exchange.

Brave Allows to Buy Crypto at Binance Inside the App

Now a widget on the tabs in the Brave browser gives users direct access to both the Binance US
25 March 2020   1041

Decentralized browser Brave announced a partnership with the cryptocurrency exchange Binance. Now, Brave users will be able to buy cryptocurrencies on Binance simply by opening a new tab in the browser.

A widget has appeared on the tabs in the Brave browser, which gives users direct access to both the Binance main site and the site of the American division of the exchange. Users will be able to exchange cryptocurrencies, view their balance and receive addresses for depositing cryptocurrencies directly in the browser. At the same time, developers left the option to disable the widget in the settings.

The developers emphasized that the widget uses the Binance API and does not download any data from the exchange servers, so that user data is protected. The new feature is available in the desktop version of Brave Nightly, and in the main version of the program it will appear in April.

The Binance widget on Brave’s privacy-oriented browser instills a safer way to buy and sell crypto and also reduces user friction to onboard, trade and interact with the Binance ecosystem. We are looking forward to our long-term partnership with Brave to make it even easier to interact with crypto and encourage more utility in the near future.

 

Changpeng Zhao

CEO, Binance