Latest Binance Lawsuit Is Every Crypto-Exchange User’s Nightmare

Steven Cody Reynolds accuses Binance of confiscating nearly $300k in crypto following a heated disagreement. Reynolds worked for Binance from July 2017, to December 2017 and was compensated for his services in the form of Binance Coins. Reynolds left Binance on good terms and continued to use Binance to trade and store his coins. When Reynolds decided to leave Binance in December, he parted with the exchange. Reynolds was left locked away from his funds which, at the time, were worth $284,000. Reynolds regained access only to discover his account balance was zero.