You invested in a fake trading platform, Ponzi scheme, or 'guaranteed returns' bot — and the scammers used Binance to receive your deposits or cash out. Binance's mandatory KYC (since 2021) means every deposit address maps to a verified identity. We trace your funds on-chain, identify the Binance account that received them, and file an emergency freeze request.
Investment scammers use Binance in two ways: (1) as a deposit destination — they give you a Binance deposit address to send funds to, and (2) as a cash-out platform — they receive your funds at a non-custodial wallet, then move them to Binance to convert to fiat or stablecoins. In both cases, the Binance account is tied to a real identity through KYC.
Binance compliance: Binance's Investigations Team processes legal requests through their law enforcement portal. For investment fraud cases, Binance can: freeze the receiving account, share KYC information with law enforcement, provide transaction records, and flag associated accounts. Binance has cooperated with the FBI, Europol, and national police forces on multiple investment fraud cases.
Freeze capability: Binance can freeze accounts within 3-7 business days of receiving a properly formatted legal request with a police report. For active investment fraud where the scammer is still receiving deposits from new victims, Binance can implement emergency restrictions faster.
KYC disclosure: Binance KYC includes: government ID, facial recognition, proof of address. Since 2021, all Binance accounts require KYC — no exceptions. This means every investment scammer who used Binance has a verified identity on file.
A client was defrauded of €180,000 by a fake 'crypto arbitrage bot' that showed fake daily profits of 3%. When the client tried to withdraw, the platform demanded a €36,000 'tax clearance fee.' The client sent the fee — and the platform disappeared. We traced the deposits: €180,000 had been sent to a single Binance deposit address. We filed an emergency freeze with Binance alongside a police report. Binance froze the account (containing €142,000 in USDT) within 72 hours. The scammer's KYC revealed a resident of Nigeria. Outcome: 79% recovery (€142,000 of €180,000). The €38,000 difference had been withdrawn before the freeze.
Details anonymized to protect client confidentiality. Swiss professional secrecy applies.
The 'fee scam' within the scam: If a platform is asking you to pay 'withdrawal fees,' 'tax clearance,' or 'insurance deposits' to release your funds — these are additional scams. Do NOT send more money. Read our recovery scam warning.
Was your own Binance account also frozen after sending to the scammer? Our Binance account unlock practice can help.
Yes. Every Binance deposit address is tied to a specific user account. We trace the address on-chain to confirm it received your funds, then file a legal request with Binance to identify the account holder. Binance's KYC records include the account holder's name, government ID, and country of residence.
Yes — if the Binance address belongs to the scammer (not a victim whose address was used as an intermediary). We trace the address on-chain, confirm the flow of funds, and file a freeze request with Binance. The key challenge is proving that the Binance account belongs to the scammer, not an innocent third party. Our blockchain tracing establishes this chain of custody.
Yes. Binance uses Chainalysis KYT and internal risk scoring to flag accounts that receive deposits from known scam addresses. If the scammer's Binance account has been flagged, it may already be under review — which speeds up our freeze request. However, sophisticated scammers use intermediary wallets to break the transaction chain.
Binance P2P transactions are more complex because they involve fiat payment methods (bank transfer, Wise, etc.). If you sent fiat to a Binance P2P seller who turned out to be a scammer, we trace the P2P transaction through Binance's records. Binance P2P requires KYC for both parties, and the seller's bank account information is on file.
No legitimate investment platform uses a Binance personal account for custody. If a platform claims to hold your funds on Binance, they should provide an institutional Binance account — not a personal deposit address. Personal deposit addresses are a red flag: the 'platform' is simply sending your funds to the scammer's personal Binance account.
3-7 business days for emergency freeze requests with a police report. For KYC disclosure, 1-4 weeks through law enforcement channels. Binance's Investigations Team is one of the largest among crypto exchanges, and they have established procedures for investment fraud cases.
Describe what happened. Include the platform URL, deposit addresses, transaction hashes, and amount lost. We respond within 6 hours.