Binance users prepare to file a class action lawsuit, accusing their employees of misappropriating funds

According to BeInCrypto, Binance was accused of embezzling customers' crypto assets worth close to $ 1 million. A representative of HackControl, a cybersecurity consulting firm investigating the case, said Binance allegedly froze an account containing nearly $ 1 million in encrypted assets. The account owner accused employees of the exchange of embezzling public funds for no reason. According to the user, Binance Exchange has frozen assets worth US $ 858,999, including BTC, ETH, LTC, IOTA, ZEC, EOS and other assets. The user stated that Binance has maintained continuous communication with them since November 21, 2018, and the funds have not yet been returned. According to reports, Binance suspected that the funds were obtained illegally, and said the South Korean police demanded that the funds be locked. However, the South Korean user has contacted the police and there seems to be no such request. The user also claimed that the lawyer confirmed his claim. HackControl claims to have found other similar cases, with an estimated total loss of approximately US $ 3 million. It is suspected that Binance employees allegedly misappropriated funds to get rich in a potential manner. The victim is preparing to file a class action and bring criminal charges against the exchange.