Litigation with Binance - jurisdiction, regulators - page 5.

Azrieli

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Quote from: Slow death on May 14, 2019, 02:46:59 PM

Quote from: davis196 on May 13, 2019, 08:43:34 AM

I don't understand what are you trying to say with your post.

he explained here:

Quote from: Azrieli on May 13, 2019, 08:36:42 AM

On Russian language tube top - Cyдeбныe тяжбы c Binance - юpиcдикция, peгyлятopы

Quote from: Azrieli on May 13, 2019, 08:28:25 AM

Лyчшe пo юpидичecкoй чacти (юpиcдикция, пpипиcки, peгyлятopы).
Oтвeчaя нa вoпpoc: ПO биpжи тyпo нe cpaбoтaлo нa кoмaндy пoльзoвaтeля (нe пpoизoшлo cpaбaтывaния coздaниe opдepa) - a кoгдa этo пpoизoшлo (вpeмeнный пpoмeжyтoк чepeз 12-15 минyт), цeнa yжe yлeтeлa вниз. Ecли вкpaтцe и в цeлoм, бeз пoдpoбнocтeй и дeтaлeй.

translating:

" Better on the legal side (jurisdiction, registry, regulators).
Answering the question: the software of the exchange stupidly did not work for the user's command (the creation of an order did not trigger) - and when it happened (a temporary interval in 12-15 minutes), the price had already flown down. In brief and as a whole, without details and details. "

OP

get in touch with binance and explain your problem, they are the only ones who can solve your problem

At the moment, they do not want to admit their mistake, moreover, they openly manipulate the time of transactions (not paying attention to the time zone of the account). And do not forget to include a link to the rules, where black and white "We not guarantee You anything" - communication is with support, but it is... it's like talking to a deaf-mute.

Slow death

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Quote from: davis196 on May 13, 2019, 08:43:34 AM

I don't understand what are you trying to say with your post.

he explained here:

Quote from: Azrieli on May 13, 2019, 08:36:42 AM

On Russian language tube top - Cyдeбныe тяжбы c Binance - юpиcдикция, peгyлятopы

Quote from: Azrieli on May 13, 2019, 08:28:25 AM

Лyчшe пo юpидичecкoй чacти (юpиcдикция, пpипиcки, peгyлятopы).
Oтвeчaя нa вoпpoc: ПO биpжи тyпo нe cpaбoтaлo нa кoмaндy пoльзoвaтeля (нe пpoизoшлo cpaбaтывaния coздaниe opдepa) - a кoгдa этo пpoизoшлo (вpeмeнный пpoмeжyтoк чepeз 12-15 минyт), цeнa yжe yлeтeлa вниз. Ecли вкpaтцe и в цeлoм, бeз пoдpoбнocтeй и дeтaлeй.

translating:

" Better on the legal side (jurisdiction, registry, regulators).
Answering the question: the software of the exchange stupidly did not work for the user's command (the creation of an order did not trigger) - and when it happened (a temporary interval in 12-15 minutes), the price had already flown down. In brief and as a whole, without details and details. "

OP

get in touch with binance and explain your problem, they are the only ones who can solve your problem

beerlover

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Quote from: davis196 on May 13, 2019, 08:43:34 AM

I think that Binance is Hong Kong based,I don't remember.
I don't understand what are you trying to say with your post.Are you scammed by binance?Do you want to sue them?Is this case connected with the recent Binance hack?

Hahaha, he would have just looked for an English translator to do the job for him instead of using Google translator that cannot be as perfect as humans in interpreting it. I don’t think Binance scammed him because he mentioned something like 8 months, which Binance never had any issue of such or anything related to tether, could it be that its bitfinex he wants to mention and not Binance.

Binance has no relationship with tether, its bitfinex product and they alone should be responsible for that. Anyway, he has already put the original post which is in Russia and I hope we can get a Russian translator here that would help out.

Mpamaegbu

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Quote from: butka on May 13, 2019, 09:40:52 AM

Quote from: davis196 on May 13, 2019, 08:43:34 AM

I think that Binance is Hong Kong based,I don't remember.

Binance was Hong Kong based, or at least their HQ were in Hong Kong. Now, they have moved their headquarters to Malta, an European country. Malta seems to be one of the several crypto friendly countries. I don't know for sure, but it looks to me Binance should be compliant with EU laws now.

This is true and that move to Malta was made in 2017 during the wake of the Chinese ban on Bitcoin.

Quote from: CryptoBry on May 13, 2019, 09:21:04 AM

This has nothing to do with the recent hack where nobody actually money in there except Binance itself. OP is talking about an event that occurred about 8 months ago where someone lost 80,000 USDT.

This is sadly one of the reasons members of the forum don't take any post made by Newbies seriously. They are always in a haste to increase their post counts without caring if they misinform others or not.

freedomgo

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Quote from: The Sceptical Chymist on May 13, 2019, 10:21:12 AM

Binance is probably out of Hong Kong, and it's certainly somewhere in Asia. I doubt OP is mentioning legal action because of the recent hack, because I don't think any customers lost funds. Binance itself took the hit. Anyway, we'll never know what OP means unless he can get someone else to write his sentiments coherently.

Customers does not lost funds but this lose is a reduction of the income of Binance and this will affect their tax liability.
The regulators will certainly conduct an investigation to whatever jurisdiction Binance is under of, if they found this incident unjustifiable, they will surely face the consequence and that's the time we users will be affected as their operations might be suspended, that's the worse case scenario I have in my mind.

figmentofmyass

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i can't decipher how the 85,000 USDT was lost.

Quote from: davis196 on May 13, 2019, 08:43:34 AM

I think that Binance is Hong Kong based,I don't remember.

they used to be in hong kong, then japan. now they are operated from malta, although they have servers in several countries.

Quote from: The Sceptical Chymist on May 13, 2019, 10:21:12 AM

On a related note, Binance said deposits and withdrawals were going to be suspended for about a week, and it's been roughly 6 days now. I'm really hoping my funds aren't frozen for much longer, and I'm sure I'm not alone. They're going to have a lot of pissed-off customers if they don't finish whatever investigation they're doing pretty soon.

according to their update on sunday, they expect to reopen deposits and withdrawals tomorrow: https://www.binance.com/en/blog/334367288279687168/Binance-Security-Incident-Update-3

tippytoes

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Quote from: Ailmand on May 13, 2019, 07:42:46 PM

I got confused with OPs post. He just used Google translate to translate the thread that he posted on the link which was on the local Russian board. It seems that he is talking about the recent hack the occurred in Binance. Well, Binance took action on it and they made sure that users funds are safe. They are starting to work on their system to further improve their security.

Using the translator lost the meaning of what he wants to convey. But anyhow, wherever Binance is currently based. They have done their homework where to strategically position their exchange to optimize the advantages of a certain country when it comes to crypto exchange regulations. And in my opinion, BNB will protect their clients from losing their funds.

Ailmand

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I got confused with OPs post. He just used Google translate to translate the thread that he posted on the link which was on the local Russian board. It seems that he is talking about the recent hack the occurred in Binance. Well, Binance took action on it and they made sure that users funds are safe. They are starting to work on their system to further improve their security system.

OP should really clarify his post, or else it will not make any sense.

traderethereum

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Activity: 2856

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I guess we don't understand what OP wants to say in here.
OP, maybe you need to clarify what do you want so we can give the right answer.
We can only guess what you want without knowing the truth so it will be better if you can explain more details.
Binance hacking news can happen too in the other exchanges, and we should be careful.

The Sceptical Chymist

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Quote from: davis196 on May 13, 2019, 08:43:34 AM

I don't understand what are you trying to say with your post.

His post makes absolutely no sense and shouldn't have been written in English in the first place.

Binance is probably out of Hong Kong, and it's certainly somewhere in Asia. I doubt OP is mentioning legal action because of the recent hack, because I don't think any customers lost funds. Binance itself took the hit. Anyway, we'll never know what OP means unless he can get someone else to write his sentiments coherently.

On a related note, Binance said deposits and withdrawals were going to be suspended for about a week, and it's been roughly 6 days now. I'm really hoping my funds aren't frozen for much longer, and I'm sure I'm not alone. They're going to have a lot of pissed-off customers if they don't finish whatever investigation they're doing pretty soon.

butka

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Quote from: davis196 on May 13, 2019, 08:43:34 AM

I think that Binance is Hong Kong based,I don't remember.

Binance was Hong Kong based, or at least their HQ were in Hong Kong. Now, they have moved their headquarters to Malta, an European country. Malta seems to be one of the several crypto friendly countries. I don't know for sure, but it looks to me Binance should be compliant with EU laws now.

CryptoBry

sr. member

Activity: 1008

Merit: 355

Quote from: davis196 on May 13, 2019, 08:43:34 AM

I think that Binance is Hong Kong based, I don't remember. I don't understand what are you trying to say with your post. Are you scammed by binance?Do you want to sue them? Is this case connected with the recent Binance hack?

This has nothing to do with the recent hack where nobody actually money in there except Binance itself. OP is talking about an event that occurred about 8 months ago where someone lost 80,000 USDT. The details are not quite clear but as he stated there is no recourse but to go to court and the question is the jurisdiction of Binance. Isn't it already headquarter in Malta right now?

davis196

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Activity: 2912

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I think that Binance is Hong Kong based,I don't remember.
I don't understand what are you trying to say with your post.Are you scammed by binance?Do you want to sue them?Is this case connected with the recent Binance hack?

Azrieli

full member

Activity: 1316

Merit: 200

The situation is quite simple, because of the actions of the exchange about 8 months ago was lost - a little more than 85,000 USDT. Trying to come to a pre-trial solution, but alas - unsubscribe "we do not guarantee, use the service at your own risk, You do not have to." All this begins to bother and the amount is large in General to leave as is.

Under what regulators is this "Binance-abyss", under what jurisdiction? Now a lawyer assures all apostilides and will begin mailing to regulators, to start with. There will be no effect, there is only one thing - to go to court. I will be glad to any advice, tips, any useful information.

If there are still "punished" by this casino - write, all exactly will carry out a number of activities on our issue, in parallel it will be possible to send your "stories-documents-complaints".

On Russian language tube top - Cyдeбныe тяжбы c Binance - юpиcдикция, peгyлятopы

Topic: Litigation with Binance - jurisdiction, regulators - page 5. (Read 1999 times)