Confusion surrounding a protest outside Binance HQ

There are mixed reports of a protest in Shanghai, China about a protest outside the Binance headquarters.

According to a report by Wu Sai Blockchain, the protesters were stopped by security guards but took photos in front of the building.

A Binance delegate told Decrypt, “This looks like a paid article from a competitor.” The exchange still maintains that it doesn’t have an office in China, and that it operates through a global, decentralized structure.

One protestor told Wu Sai Blockchain that there are several issues that are of concern. These include money lost in initial exchange offerings which were initialised by Binance and customers being unable to close trading positions and the issue of FTX leverage tokens.

FTX are tokens which are used to add leverage to trading crypto assets but if users are not able to understand how they work they can make trading riskier. When the Crypto price crashed to 5900.00 on 12th March, many users lost money and blamed the company for not explaining how to use the tokens correctly.

It is still not confirmed if the protest is real but there are some sketchy reports from twitter showing people outside the building but it is hard to verify the date the pictures were taken and if they are real.

Share: Cryptos feed

All information and content on this website, from this website or from FX daily ltd. should be viewed as educational only. Although the author, FX daily ltd. and its contributors believe the information and contents to be accurate, we neither guarantee their accuracy nor assume any liability for errors. The concepts and methods introduced should be used to stimulate intelligent trading decisions. Any mention of profits should be considered hypothetical and may not reflect slippage, liquidity and fees in live trading. Unless otherwise stated, all illustrations are made with the benefit of hindsight. There is risk of loss as well as profit in trading. It should not be presumed that the methods presented on this website or from material obtained from this website in any manner will be profitable or that they will not result in losses. Past performance is not a guarantee of future results. It is the responsibility of each trader to determine their own financial suitability. FX daily ltd. cannot be held responsible for any direct or indirect loss incurred by applying any of the information obtained here. Futures, forex, equities and options trading contains substantial risk, is not for every trader, and only risk capital should be used. Any form of trading, including forex, options, hedging and spreads, contains risk. Past performance is not indicative of future FX daily ltd. are not Registered Financial Investment Advisors, securities brokers-dealers or brokers of the U.S. Securities and Exchange Commission or with any state securities regulatory authority OR UK FCA. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest, with or without seeking advice, then any consequences resulting from your investments are your sole responsibility FX daily ltd. does not assume responsibility for any profits or losses in any stocks, options, futures or trading strategy mentioned on the website, newsletter, online trading room or trading classes. All information should be taken as educational purposes only.