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Home » Binance’s indecision to freeze BNB wallets drew controversy in this $11M rug pull – Cointelegraph

Binance’s indecision to freeze BNB wallets drew controversy in this $11M rug pull – Cointelegraph

Binance’s indecision to freeze BNB wallets drew controversy in this $11M rug pull – Cointelegraph

As it turns out, Binance does, in fact, have the power to freeze private wallet addresses on BNB Chain — albeit only with the consensus of all its validators. 9749 Total views 11 Total shares Listen to article Follow up Join us on social networksA BNB Chain rug pull scammed users out of $2 million worth of BNB ($11 million at today’s prices). Users asked Binance for help, and Binance said it had frozen the funds but then retracted the statement. The funds sat in the address for nearly two years until Binance suddenly took action to freeze the scammer’s wallet,… 

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