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No theft took place there. The user made an unbelievably poor decision to wire 100k out of a business account into a personal account where the names don't matc
by Kranar 6y ago
No theft took place there. The user made an unbelievably poor decision to wire 100k out of a business account into a personal account where the names don't match up. Furthermore the person communicating with Binance is not the legal owner of the account but instead the grandchild of the legal owner.
Third, the legal owner of the account is apparently afraid of using online banking, but not afraid of cryptocurrency and this is used as a justification for not just using the simple ACH method that could have resolved this whole thing in a matter of days.
If you're Binance, everything about this looks like money laundering and Binance is absolutely in the right to have acted this way. If anything, I wouldn't be surprised if Binance reported this to the authorities.
- pinkybanana 6y agoTo me it sounds so weird, that it is quite difficult to believe that it is not money laundering. Sounds exactly like someone somehow gained access to some old, retired persons old business account and decided to cash it out via crypto.
- sjtindell 6y agoI agree completely. Particularly the part of the story where they refused to use ACH. Supposedly this person has run a business before but did not employ a lawyer or even visit one at any stage?