Binance transfer error fund freeze support… No response from recipient, attempting contact
Original headline바이낸스 이체 착오 자금 동결 지원…수취인 응답 없어 접촉 중
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Binance co-founder He Yi confirmed on April 7 that a user lost funds after manually entering an incorrect UID while transferring assets from Binance's global platform to its Thai platform, despite a second confirmation step in the transfer flow. He Yi said every Binance user has a unique, non-duplicating UID, rebutting the user's claim that duplicate UIDs caused the loss. He Yi and four staff members traced the transaction, and Binance helped freeze the misdirected funds, though the recipient has not yet responded and contact efforts are ongoing. The case matters because it highlights the risks of manual UID entry in cross-platform transfers and the limits of exchange-side recovery when funds reach an unresponsive recipient. What to watch next is whether the recipient responds and the frozen funds are returned to the sender.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Binance, He Yi, Binance Thailand, PANews