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Topic: Binance is accused of providing users data to Russia - page 5. (Read 870 times)

legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
When you are using a centralized exchange, you are trading your privacy for convenience. Assume that everything that you share with them - your ID, your address, your photo, all your transactions and trading data, will be shared with third parties. It can be your own government, foreign government, private companies and so on. And you never know what consequences it can have, maybe someone will decide to "cancel" or prosecute you over a transaction you did 10 years ago?
It can also be to terrorists, theives and illicit online criminals or sold to third parties. Data hack is also very common, it happens several times in just every year on different exchanges.

Fuck Binance. Handing over the data of anti-corruption activists and politicians to Putin's party, so they can be allowed to keep operating in the country. The actions of real cypherpunks. Roll Eyes Navalny has been poisoned by Putin's government, and is now being tortured in jail after various sham trials. Binance literally putting their own profits ahead of actual human lives. Absolutely disgusting behavior. I think its time for a #deletebinance campaign.
This is shocking, I wanted to post how Binance has said it is a false claim before but it would be wrong this time with the OP, I thought the exchange would have integrity but now this shows us how no integrity is involved. I am very confused about this, the best that can be done is to never provide personal documents on exchanges or others that are requesting for it, this would be a peace of mind by not giving your data out to avoid any doubt that may come up like this. If no data was given, nothing like this would happen, but people will always be people, they like to go the wrong way by providing their person details to politics and selling. If Binance truly did that, that means they sold the data which can be in multi million dollars.
legendary
Activity: 3024
Merit: 2148
So, what benefit would they get in providing data to Russia? Unless there's something more underneath it all.

Russian government would have banned Binance in Russia if they refused to cooperate.

This is alarming because I know that Binance also donated funds to Ukraine to help those in need and recover.

The fact that Binance is not banned in Russia after donating to Ukraine and helping with NFTs for Ukraine could be viewed as circumstantial evidence that they indeed work with Russian government. Because Russian government have closed "extremist" sites like Instagram and Facebook over their support for Ukraine and refusal to fully comply with Russia. With this logic they should have banned Binance for donating to Ukraine, which according to Russia is a Nazi country that kills Russians.
legendary
Activity: 2268
Merit: 18748
Binance made a statement where they denied all allegations
Binance also made a statement denying they had been hacked for KYC data, shortly before thousands of their customer's KYC data appeared on darknet markets.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
This is alarming because I know that Binance also donated funds to Ukraine to help those in need and recover. But the facts that Binance put forward are convincing because they did help analyze data towards cybercriminal rings, and they did do good on that. So, what benefit would they get in providing data to Russia? Unless there's something more underneath it all.
legendary
Activity: 3024
Merit: 2148
Reuters has published an investigation where they claim that Binance worked tightly with Russian government, including helping them track donations to opposition politicians

Binance made a statement where they denied all allegations


When you are using a centralized exchange, you are trading your privacy for convenience. Assume that everything that you share with them - your ID, your address, your photo, all your transactions and trading data, will be shared with third parties. It can be your own government, foreign government, private companies and so on. And you never know what consequences it can have, maybe someone will decide to "cancel" or prosecute you over a transaction you did 10 years ago?
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