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Binance Incompetence Leads to Massive Loss for WBESC
1. Binance's Incompetence Leads to
Massive Loss for WBESC and Raises
Concerns of Foul Play
In a shocking turn of events, renowned cryptocurrency exchange Binance finds itself at the
center of controversy once again, this time for its apparent mishandling of a crucial listing
process. The repercussions were devastating for BeanEco SmartChain® LLC (WBESC), a
prominent blockchain company, which suffered a staggering loss of $83,950 in WBESC
coins. The incident has left WBESC questioning the integrity of Binance's customer support
team and calling for accountability.
The unfortunate series of events began when WBESC
received an email from Binance, stating that their listing
application had been approved. Eager to seize this
opportunity, WBESC diligently followed Binance's
prescribed verification process, even reaching out to their
customer support for further confirmation. On not one, but
two separate occasions, WBESC sought assurance from
Binance's support team regarding the legitimacy and safety
of the listing process.
2. With the green light from Binance's customer support, WBESC proceeded to send the
requested 10% supply of their WBESC coin to a wallet designated by Binance for the launch
pool. Everything seemed to be on track, and WBESC even signed a contract expecting an
imminent listing announcement within 24 to 48 hours.
However, WBESC's hopes were soon shattered. On May 8, team members alerted WBESC
that the wallet designated by Binance for the launch pool had initiated a sell-off of all
WBESC coins around 23,000 WBESC. This unexpected turn of events wreaked havoc on
WBESC's chart causing a massive crash in price from $3.60 to a low of just above 1 dollar
and created widespread panic within the community.
3. In a desperate bid for answers, WBESC reached out to Binance's customer support once
again, only to be met with disappointment. After reviewing the information, Binance's support
team redirected WBESC to their legal department, leaving WBESC to ponder the
authenticity of the emails and the reliability of Binance's support team.
4. The repercussions of this incident extend beyond WBESC's substantial financial loss. It
raises serious concerns about the level of trust that can be placed in Binance's customer
support and the potential foul play within the cryptocurrency market. The incident begs the
question: how many other companies have fallen victim to such practices, and is this an
attempt by Binance to stifle competition?
WBESC, now determined to seek justice, is preparing to take legal action against Binance,
citing the dissemination of falsified information and incompetence on the part of the
exchange. The lack of accountability displayed by Binance, with over two weeks passing
without a single email response, only amplifies the urgency of the situation.
As the crypto community grapples with the aftermath of this shocking incident, the damage
caused to WBESC's reputation and growth cannot be ignored. The repercussions extend far
beyond mere financial loss, raising doubts about the security and reliability of exchanges
within the crypto space.
Binance, a platform trusted by millions of users worldwide, now faces a severe credibility
crisis. The incident serves as a stark reminder that due diligence and caution are imperative
when engaging with cryptocurrency exchanges. The call for transparency and accountability
in the industry grows louder, as victims of such incidents demand justice and safeguards to
prevent similar occurrences in the future.
5. Transaction hash for the supply sent as binance told us to and confirmed official.
TXN #1: 0x0b25a982b7cb05536ab8145b191eee2a4211775aa3f9ec0b4c62a27811475f91
TXN #2: 0xe928b9edc733c0d071eaffc23f931ca23cded0128aab082b5eb870bacb9a2075
Disclaimer: The views expressed in this article are solely those of the author and do not
necessarily reflect the official position of BeanEco SmartChain® LLC or WBESC.
