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Axler Goldich is investigating claims that users of a number of cryptocurrency exchanges, including Binance and Coinbase, have been denied access to their accounts and/or have otherwise had their property wrongfully confiscated.

A recent report published by Coindesk, detailing the experiences of numerous cryptocurrency exchange customers that have been locked out of their accounts, states that “since at least late 2020 Binance users from the U.S. and around the globe have had their accounts frozen for unconventional reasons.”

While cryptocurrency exchanges have an obligation to have in place and follow strict know-your-customer (“KYC”) and anti-money laundering (“AML”) policies and procedures and to employ various methods of “risk management”, they are not entitled to convert the assets of their customers and, rather, have an obligation to give their customers an opportunity to withdrawal their funds.

We represent cryptocurrency investors, users, and companies and fight for our clients’ rights in many areas, including:

  • Forced Liquidations
  • Improper Confiscations
  • Improper Account Freezes/Lockdowns
  • Anti-Money Laundering / Know-Your-Customer Safeguards and Procedures
  • Financial Crimes Enforcement Network (“FinCEN”) Compliance
  • ICO Compliance

If you are a cryptocurrency user and have been victimized in any of the above-listed areas, call us at 866-207-2920 or contact us online with the form on this page to schedule a consultation with one of our experienced cryptocurrency lawyers. We serve clients nationwide.