Binance Co-Founder Says User Sent 11,398.77 Tether (USDT) to Wrong UID

Binance co-founder 何一 said the exchange froze 11,398.77 Tether (USDT) after a customer sent the funds to the wrong account while trying to transfer money to Binance Thailand. On Nov. 7, 何一 said the customer entered a UID instead of using a wallet address or QR code for the transfer. Binance’s Thailand, Turkey and U.S. platforms have separate account systems, she said. The customer had alleged that Binance users could have duplicate UIDs and that the exchange refused to cooperate with law enforcement. 何一 said each Binance user has a unique UID and there was no collision. She said a second confirmation step appeared, but the customer completed the transfer without checking the recipient details.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.