Binance Stuck My withdrawal | Bitcointalksearch.org

shasan

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Quote from: BitcoinGirl.Club on March 20, 2022, 05:36:51 AM

Quote from: shasan on March 16, 2022, 11:41:51 AM

It is not too small and base on my country it is a huge amount.

Only Binance know what will be their final decision but I hope this amount was not such huge amount for you that you can not afford to lose. I wonder why it's taking so long too. Looking at the topic creation date it's been around 4 months. If it's about cancelling a transaction or being stuck in the network for lower fees then should it really take ages?

The amount I will lose is not affordable but nothing to do as they will claim once upon a time I have used that wallet but they will deny that the wallet wasn't mine. Also, though the amount is not affordable for me but it is obviously a small amount for binance. So, I am optimistic that I will get all of my fund today or tomorrow. Just I have to be patient, nothing else.

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Quote from: shasan on March 16, 2022, 11:41:51 AM

It is not too small and base on my country it is a huge amount.

Only Binance know what will be their final decision but I hope this amount was not such huge amount for you that you can not afford to lose. I wonder why it's taking so long too. Looking at the topic creation date it's been around 4 months. If it's about cancelling a transaction or being stuck in the network for lower fees then should it really take ages?

shasan

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Quote from: BitcoinGirl.Club on March 16, 2022, 04:26:40 AM

If they make a mistake they are responsible to make it right.

You are right and I agree with you.

Quote from: BitcoinGirl.Club on March 16, 2022, 04:26:40 AM

In-fact they were liable to compensate you for the security breach in your account instead they are punishing you as it was your fault.

It has not security breached. It sent automatically from their hot wallet which was stuck for their low fee and they resent that on that time. But they had not cancelled those transaction which was stuck for low fee.

Quote from: BitcoinGirl.Club on March 16, 2022, 04:26:40 AM

To resolve this issue what are you going to do? Will you really deposit the money they are asking to make it level or you are going to leave the account for good or you are going to take legal actions against them.

I have just contacted with them and not trying to do anything more for now. I have not deposited any and I will not do that as it was not my fault and those address is not mine.

Quote from: LoyceV on March 16, 2022, 04:43:24 AM

He got scammed for the amount he had in his account (hopefully a lot less than $80k).

Yes, you are right that the amount is less than 80k. It is not too small and base on my country it is a huge amount.

Quote from: LoyceV on March 16, 2022, 04:43:24 AM

If Binance would really have a case against shasan, they would have been the one taking legal action.

They will not do that as that was their fault.

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Quote from: BitcoinGirl.Club on March 16, 2022, 02:46:14 AM

In other words, you got scammed $80k by Binance. Sorry to hear your lose brother.

He got scammed for the amount he had in his account (hopefully a lot less than $80k).

Quote from: BitcoinGirl.Club on March 16, 2022, 04:26:40 AM

In-fact they were liable to compensate you for the security breach in your account

There was no security breach. Just a dumb mistake of broadcasting a low-fee transaction for 19 months, so lack of internal wallet maintenance.

Quote

or you are going to take legal actions against them.

There's of course a reason Binance is hiding in the Caymen Islands.
If Binance would really have a case against shasan, they would have been the one taking legal action.

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Quote from: shasan on March 16, 2022, 02:56:21 AM

Centralized exchange do not want to take any loses even if the fault occured by the exchange like this case.

I think the customers do not care if they are in lose or profit, the same applies to Binance itself. Clearly in this case things were wrong from Binance side as it happened with several other users too. If they make a mistake they are responsible to make it right. In-fact they were liable to compensate you for the security breach in your account instead they are punishing you as it was your fault.

To resolve this issue what are you going to do? Will you really deposit the money they are asking to make it level or you are going to leave the account for good or you are going to take legal actions against them.

shasan

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Quote from: BitcoinGirl.Club on March 16, 2022, 02:46:14 AM

Quote from: shasan on March 13, 2022, 01:36:26 PM

I have not received any update till now. Last update was I will be able to withdraw the fund if the balance is more than the arrears amount.

All BS. These centralized exchanges are keeping it's clients hostage to recover their lose. How in the earth it's a customer's fault?

I think we need some other options:
1. Having many centralized exchanges so that a small group do not play monopoly game. Binance is playing monopoly game in my opinion.
2. As we become strong, we need to find a way to avoid centralized exchanges and focus on P2P trades and it's better if we have decentralized exchanges where crypto users can spot trade like they do in those centralized exchanges.

Quote

It was approximate amount at that time. Though it should be about 1/3 of that as the price dropped.

In other words, you got scammed $80k by Binance. Sorry to hear your lose brother.

You are right that binance playing monopoly game with its user. And we have to try to avaoid centralized exchange but before that there should have enough decentralized exchange. Centralized exchange do not want to take any loses even if the fault occured by the exchange like this case.

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Quote from: shasan on March 13, 2022, 01:36:26 PM

I have not received any update till now. Last update was I will be able to withdraw the fund if the balance is more than the arrears amount.

All BS. These centralized exchanges are keeping it's clients hostage to recover their lose. How in the earth it's a customer's fault?

I think we need some other options:
1. Having many centralized exchanges so that a small group do not play monopoly game. Binance is playing monopoly game in my opinion.
2. As we become strong, we need to find a way to avoid centralized exchanges and focus on P2P trades and it's better if we have decentralized exchanges where crypto users can spot trade like they do in those centralized exchanges.

Quote

It was approximate amount at that time. Though it should be about 1/3 of that as the price dropped.

In other words, you got scammed $80k by Binance. Sorry to hear your lose brother.

shasan

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Quote from: LoyceV on March 13, 2022, 05:05:43 AM

Any updates on this? I get that it didn't hit too many people, but I'd love to see how a lawsuit against Binance ends.

I have not received any update till now. Last update was I will be able to withdraw the fund if the balance is more than the arrears amount.

Quote from: BitcoinGirl.Club on March 13, 2022, 05:27:31 AM

hasan used $80k as an example

It was approximate amount at that time. Though it should be about 1/3 of that as the price dropped.

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Quote from: naim027 on March 13, 2022, 12:37:23 PM

Still, better to not lose hope since they have said they were working with the doge network team. I don't think those transactions can be reversed.

Reversing transactions after several months would mean the end of Doge. Or more likely: a fork, after which it continues the way it should and Binance's own Doge fork becomes worthless.

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Quote from: LoyceV on March 13, 2022, 05:05:43 AM

Any updates on this? I get that it didn't hit too many people, but I'd love to see how a lawsuit against Binance ends.

I guess no. we had a conversation on our local thread. I know a few more members who had the same issue and the last update is the fund on their account is locked. They can withdraw if only they deposit those doges. I don't think everyone can afford it. Binance doing shitty business there. Still, better to not lose hope since they have said they were working with the doge network team. I don't think those transactions can be reversed.

BitcoinGirl.Club

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Man! just read the whole case. shasan used $80k as an example, not sure if that's what in question but it's a lot of money.

It's seems the mistake came from Binance end or something wrong with Dogecoin network. Why would a user will suffer for it. And CZ seems very good at his PR, donating million dollars everywhere. Is this how me is making his money and doing charity with others money.

I am too looking forward to learn the update. I hope your account got back to normal.

LoyceV

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Any updates on this? I get that it didn't hit too many people, but I'd love to see how a lawsuit against Binance ends.

shasan

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Quote from: cashfairy on January 16, 2022, 07:49:20 AM

is it sorted out?

Till now I have been notified that I can only withdraw the fund if the fund exceed the Arrears amount. And only the exceed amount and rest of the fund will be on held on their site until the issue resolved. I have not yet received any update after that notification.

cashfairy

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is it sorted out?

shasan

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Quote from: naim027 on December 18, 2021, 12:59:26 PM

So why people should pay for your mistakes? if this is the case, You should pay for users' mistakes.

If we have to pay for each others mistakes then we will have nothing on our balance. Users as well as exchanges balance will have to 0 to make loss of each other. It cant be a solution. Hence we should be careful while we made any transaction and exchanges should do accordingly. And users should pay attention at the time of deposit/withdrawal and if there is any mistake made from the side of exchanges then they should take that responsibility. But binance are trying to not taking any liability and which making us confused wither they are turning into scam or not.

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Quote from: LoyceV on December 18, 2021, 12:00:00 PM

I realized something that kinda pisses me off. Allow me to quote myself from another topic:

Quote from: LoyceV on December 18, 2021, 11:51:30 AM

Allow me to combine those 2 posts:

Quote from: jeremyanalytics on December 18, 2021, 10:01:47 AM

they sent the BTC on the wrong network and Binance cannot recover the coins.

Quote from: DaveF on December 18, 2021, 11:40:11 AM

But if they did not send it on the BTC network then the coins are probably lost forever.

If that's the excuse Binance uses, it's utter BS! Binance made up their own tokens that they sell as "equivalent" for real Bitcoin. Binance owns the real Bitcoin, and they can do as they please with it. If coins are "lost" on their own chain, that doesn't mean the real Bitcoin is lost, it means Binance takes ownership of the equivalent amount of real Bitcoin!

Quote from: Charles-Tim on December 18, 2021, 11:08:43 AM

I wonder why binance put BEP2 and BEP20 above Bitcoin Chain.

I'd say the scenario above explains it. Did I mention it's an exit scam waiting to happen?

What this means is that if a user accidentally withdraws to Binance's own fake chain instead of the real Bitcoin, Binance says your Bitcoins are lost. In reality, Binance takes ownership of your Bitcoin because they own the real Bitcoin they "wrapped".
Meanwhile, if Binance fucks up and sends a Doge withdrawal again a year later, they expect the account owner to pay back 200 times the dollar value of the original withdrawal.
What pisses me off is that their stance on the matter takes a complete 180-degree turn whenever it's profitable for them. That's as close to scamming people as it gets!

Huh, Complete Scammy. What I just understand from your post, They putting rules or whatever in their favor. As Much I understand, They don't have any explorer or chain for those chains. I guess they are right about losing Bitcoin. Because I guess their system cannot detect if you are sending to the wrong chain. The withdrawal is instant. If you send your bitcoin or whatever coin to the wrong chain, They are lost. In this case, What can do is, They Should create their wrapped BTC wallet address in such a way so that their system can detect that this is the wrong chain And Pop up warning messages to users that you sending to the wrong chai or they can disable withdrawal to the wrong chain. About the 180-degree turn, they are in favor. You keeping your money there. So they have the advantage of doing that shit. If they had a Lending system like Fiverr (Fiverr offers up to $2-3K loan to their Freelancers and they deduct a % as an installment from their income). They would not dare to do that shit. The main Scam thing is they expect lost coins from its users while they say your coins are lost if you withdraw to the wrong chain. So why people should pay for your mistakes? if this is the case, You should pay for users' mistakes.

LoyceV

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I realized something that kinda pisses me off. Allow me to quote myself from another topic:

Quote from: LoyceV on December 18, 2021, 11:51:30 AM

Allow me to combine those 2 posts:

Quote from: jeremyanalytics on December 18, 2021, 10:01:47 AM

they sent the BTC on the wrong network and Binance cannot recover the coins.

Quote from: DaveF on December 18, 2021, 11:40:11 AM

But if they did not send it on the BTC network then the coins are probably lost forever.

If that's the excuse Binance uses, it's utter BS! Binance made up their own tokens that they sell as "equivalent" for real Bitcoin. Binance owns the real Bitcoin, and they can do as they please with it. If coins are "lost" on their own chain, that doesn't mean the real Bitcoin it lost, it means Binance takes ownership of the equivalent amount of real Bitcoin!

Quote from: Charles-Tim on December 18, 2021, 11:08:43 AM

I wonder why binance put BEP2 and BEP20 above Bitcoin Chain.

I'd say the scenario above explains it. Did I mention it's an exit scam waiting to happen?

What this means is that if a user accidentally withdraws to Binance's own fake chain instead of the real Bitcoin, Binance says your Bitcoins are lost. In reality, Binance takes ownership of your Bitcoin because they own the real Bitcoin they "wrapped".
Meanwhile, if Binance fucks up and sends a Doge withdrawal again a year later, they expect the account owner to pay back 200 times the dollar value of the original withdrawal.
What pisses me off is that their stance on the matter takes a complete 180 degree turn whenever it's profitable for them. That's as close to scamming people as it gets!

shasan

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Quote from: hoiantuan on December 06, 2021, 10:14:40 PM

I got the same problem.Why i have to pay for their fault ?

Your account is in arrears. The withdraw function is disabled. Click the “Deduct Now” button if sufficient assets are available for the amount in arrears. Alternatively, top up your Spot account balance to proceed.
Arrears amount
77950 DOGE

If you have own the dogecoin wallet then refund that to binance by depositing to your binance account then they will activate your withdrawal. But if you have not the access of the account then wait for them to make active. Also, if you have more fund than this amount then contact with them if you do so you will be able to withdraw the rest of the fund. I mean the above amount of the dogecoin price.

hoiantuan

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I got the same problem.Why i have to pay for their fault ?

Your account is in arrears. The withdraw function is disabled. Click the “Deduct Now” button if sufficient assets are available for the amount in arrears. Alternatively, top up your Spot account balance to proceed.
Arrears amount
77950 DOGE

shasan

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Quote from: noorman0 on November 29, 2021, 11:15:40 AM

On the other hand, CZ will giveaway $50k doge to the community and mention "Tesla". https://twitter.com/cz_binance/status/1465309845012287490

I think binance was initially short on $doge stock due to unresolved customer withdrawal issues. Is this just CZ's attempt to cool off his feud with Musk recently? $50k i think is actually enough value to solve a client's problem rather than spending it aimlessly.

I don't think they have shortage of fund it was deducted from them more than a year ago and on that time the price of dogecoin was not so high so they had a little loss and they should have a lot of doge on their hot/cold wallet. The offer is to promote tesla/doge as well as binance. Also, by 50k it is nothing regarding the incident happened with binance.

Topic: Binance Stuck My withdrawal (Read 931 times)