According to news on March 24, the media saw hundreds of messages from Discord servers and Telegram groups controlled and operated by Binance, where the accounts of Binance employees or Binance-trained volunteers (called “angels”) Techniques that can be used to circumvent Binance’s KYC, registration and verification systems were shared in the group.
Some of the techniques shared by staff and volunteers involved falsifying bank documents or providing false addresses. Others involve simple manipulation of the Binance system.
Employees, volunteers, and customers also shared video guides and documents showing how to fake residency to obtain Binance’s debit card, which would effectively turn their Binance cryptocurrency into a traditional checking account. The technology shared with customers also calls into question the effectiveness of Binance’s anti-money laundering efforts.
A Binance spokesperson said: “We have taken action against employees who may have violated our internal policies, including falsely soliciting or making suggestions that are not permitted or do not meet our standards. We have strict policies that require all users to submit to We provide country of residence and other personally identifiable information to pass KYC. Binance employees are expressly prohibited from advising or supporting users to circumvent local laws and regulatory policies, and will be immediately terminated or audited if found violating these policies.”