Binance Spain is denounced after a Spanish businessman reported the freezing of his digital wallet, which had a value of €85,000 in cryptocurrencies.
**image credit: Unplash/ Kanchana
On October 17, a Spanish court decided to accept the complaint accusing Binance of appropriating the funds deposited in the exchange service.
Now, the complainant mentions that he feels "victim" of a scam, since on January 22 the cryptocurrency entity proceeded to freeze without prior notice and without specifying the reason the complainant's 2 purses. Of which, one was registered in his name and the other was registered in the name of his company.
On the other hand, Changpeng Zhao was called to declare Binance CEO and the legal representative of the Spanish agency Moon Tech Spain. The case to be treated is the "Possible existence of computer fraud and misappropriation." At the time of writing this post, there is still no official date when the formal declaration would be made.
The complainant mentions that in the first instances binances informed him that the blocking and freezing of his funds was due to the fact that there was a police investigation in India, which concluded by saying that it was a phishing type fraud.
Binance later mentioned that the freezing of assets was due to a possible case of money laundering
The affected person mentions that his company does not break the law at a national and international level, they also mention that those involved in "phishing" used his account to be able to launder money.