Regarding Binance risk control, here are some things you must know

Recently, a piece of news about "Binance conducting risk control on user accounts" has been circulating in various groups. After seeing it, many people are worried whether Binance has also handed over their own information.

But in fact, there are two main reasons why this happens:

1. You have too much hair

If you look closely at the picture, you can see that the core sentence here is: "Violation of our compliance program or our Terms of Use policy."

And if we translate this into simple terms , it means: You have stroked too many hairs.

For example, if you use an arbitrage robot on the platform to make 200,000 yuan from 1 million yuan, the platform will turn a blind eye. But if you use 1 million yuan to make 1 million yuan, then it is your fault. The platform's attitude is that you can make money, but don't make too much.

This is the first type of risk control reason .

The corresponding solution is to spit out all the blood you have lost, and then your account can be unblocked .

Because what he is targeting may be someone who uses robots to take advantage of some market conditions or platform loopholes to make huge profits .

2. Binance has received relevant scrutiny

Binance has been wanting to become legal and compliant since 2020 .

As a large exchange , it really wants to find a backer . After all, it has grown so big, but the most basic security needs cannot be guaranteed, which is actually very worrying .

Therefore, Binance has been subject to corresponding scrutiny in many aspects.

● So what impact does this have on our personal accounts?

To understand this clearly, we must first understand the concepts of risk control and confiscation .

Risk control means that the money is still yours, it just means that the exchange has frozen your account , while confiscation means that the exchange has transferred the assets in your account , and the money is no longer yours.

This also applies to our bank cards .

1. About risk control

As for risk control , although the money is still yours, everyone’s first state is definitely anxiety , feeling as if they have done something shameful. In fact, when we solve the problem , our attitude should be neither humble nor arrogant, because for individuals, the currency is your asset.

With such a mindset , what you need to do is to find a platform that controls your risks . If it is an exchange, find the exchange ; if it is a bank , find the bank . If you have made too much money, just admit your mistake.

If it is bank risk control, then it may have triggered the bank's intelligent early warning system , which will resolve itself if there is no major problem .

2. Regarding the freezing of economic investigation records

There are several reasons for the economic investigation freezing. One is touching on black money, and the other is touching on black U.

Risk control is generally divided into seven levels . If you are an OTC trader , you may be at level one or level two , and the source of the black money will buy and sell directly with you . The management within level two is very strict, and when you go to deal with it, you may end up turning yourself in .

Most people buy and sell with OTC merchants, which is basically the case outside the second level .

As long as you go to the local authorities and provide evidence to prove your innocence , there will be no problem. However, you must protect your on-chain wallet during the process to prevent yourself from being robbed.

When ordinary people encounter risk control, they can go to the bank to inquire about the reason and find out where the case is being handled. It would be best if they can contact the police officer in charge of the case . Then they can print out a transaction statement within one year and prepare the transaction receipts from the exchange .

If it is an exchange , you can go directly to their manual customer service or work order . The work order business will be more skilled. It is best to prepare all the transaction evidence in advance , which will facilitate the other party to handle it and greatly speed up your unfreezing process.

In general, we should not worry too much about risk control. As long as our operations are normal, we can just solve problems when we encounter them.