The offer of money for the accounts happens on social media platforms such as Facebook. Binance profiles could serve to receive funds from thefts and kidnappings.
In social networks such as Facebook and Telegram groups, offers have been increasing for the purchase of verified accounts of the bitcoin exchange and Binance digital assets in Latin America, according to the specialist lawyer in the area of Fintech and digital assets, Ana Ojeda.
Although the acquisition of verified profiles on Binance became usual practice for at least a couple of years in Latin America, the frequency of this kind of illicit offer on social networks has increased exponentially.
Among the reasons that could encourage the purchase of verified accounts is that some people have problems verifying their identity. A more dangerous problem, according to Ojeda, would be the use of verified Binance accounts to carry out illicit activities.
In some ads presented by the lawyer on Twitter, users can offer even USD 1,000 to more than USD 2,000 for Binance accounts.
Why Users Should not sell Binance Accounts
Among the reasons why it is not advisable to sell Binance verified accounts is that the Terms and Conditions of the exchange would suffer a violation. Because of this action, people could get permanently banned from the network.
In addition to the above, attorney Ojeda mentions another, more dangerous activity, especially for the account holder. The platform account might become a tool to launder money with digital assets or receive payments from robberies, kidnappings, and extortion.
On this subject, Binance explained that Binance accounts are personal and non-transferable, so selling them or giving them to third parties is a flagrant violation of the terms and conditions, in addition to the risks and damages they imply for the owner.
Binance is Popular in Venezuela
This illegal market would be gaining a field in countries like Venezuela because Binance has become a popular option for making payments using digital assets. Above all, this is given the population’s distrust of its national currency; the bolivar.
Additionally, through the exchange, you can acquire bitcoin, ether (ETH), Binance coin (BNB), tether (USDT), and Binance USD (BUSD) with Venezuelan bolivars. All these actions happen through its peer-to-peer trading feature.
By: Jenson Nuñez
