Golden Finance reported that Chagri Poyraz, Binance’s head of global sanctions, said in an interview with The Block that while some critics claimed that the company did not do enough in compliance, the exchange may have gone too far in other directions. , "thousands" of customer accounts were mistakenly frozen. Poyraz said that while his company has made strides in improving compliance protocols, particularly since last year, the trading platform's efforts to eliminate its database of sanctioned clients often resulted in clients' accounts being blocked in error. It took us up to six months to clear all the backlog of accounts that were blocked that shouldn't have been blocked, and that issue is being resolved.
