Trader Report: Binance 🟠 Freezes Some Egyptian Accounts Without Explanation—Have You Experienced This?

Several Egyptian cryptocurrency traders have recently reported that Binance, one of the world's largest cryptocurrency exchanges, has unexpectedly frozen their accounts. According to affected users, the platform provided no prior warning or clear reason for the account restrictions. This has raised concerns within the Egyptian crypto community, with many questioning the platform's transparency and reliability.

While Binance has faced similar issues in various regions due to regulatory compliance or suspicion of illicit activity, users in Egypt are particularly frustrated by the lack of communication. Some speculate that the move could be linked to tightened global anti-money laundering (AML) measures or sanctions enforcement.

If you're an Egyptian trader, have you encountered this issue? How has Binance addressed (or failed to address) your concerns? This situation highlights the importance of decentralized solutions and self-custody in the volatile world of crypto.