{"id":66346,"date":"2024-08-10T20:04:58","date_gmt":"2024-08-10T20:04:58","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=785931"},"modified":"2024-08-10T20:04:58","modified_gmt":"2024-08-10T20:04:58","slug":"venezuelans-locked-out-of-binance-how-safe-are-your-funds","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/venezuelans-locked-out-of-binance-how-safe-are-your-funds\/","title":{"rendered":"Venezuelans Locked Out of Binance: How Safe Are Your Funds?"},"content":{"rendered":"<p> <img loading=\"lazy\" width=\"1200\" height=\"747\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/03\/unnamed-2024-03-21T091538.787.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" decoding=\"async\" srcset=\"\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/03\/unnamed-2024-03-21T091538.787.jpg 1200w, \/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/03\/unnamed-2024-03-21T091538.787-300x187.jpg 300w, \/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/03\/unnamed-2024-03-21T091538.787-768x478.jpg 768w, \/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/03\/unnamed-2024-03-21T091538.787-150x93.jpg 150w, \/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/03\/unnamed-2024-03-21T091538.787-450x280.jpg 450w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<ul>\n<li aria-level=\"1\"><b>SAFU, established in 2018, is designed to safeguard assets during extreme situations like hacks or bankruptcies.<\/b><\/li>\n<li aria-level=\"1\"><b>Restrictions also affect other websites and social media platforms in Venezuela, showing increasing internet control.<\/b><\/li>\n<\/ul>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Binance is currently experiencing access restrictions in Venezuela. The company confirmed these issues through a message on social media platform X, reassuring users that their funds remain secure. Binance stated that assets are protected under the SAFU fund, which was established in 2018 to safeguard users&#8217; funds in extreme situations such as hacks or bankruptcies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The SAFU fund is designed to provide protection for user assets in case of severe disruptions. Despite the access difficulties, Binance has committed to working on restoring access as quickly as possible.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"es\" dir=\"ltr\">Estimados Binancians,<\/p>\n<p>Al igual que varios sitios web de empresas de diferentes segmentos en Venezuela, incluidas las redes sociales, las p\u00e1ginas de Binance han estado enfrentando restricciones de acceso.<\/p>\n<p>Queremos asegurarles que sus fondos est\u00e1n SAFU bajo nuestros robustos\u2026<\/p>\n<p>&mdash; Binance Latinoam\u00e9rica (@BinanceLATAM) <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BinanceLATAM\/status\/1822300144718487897?ref_src=twsrc%5Etfw\">August 10, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">In Venezuela, the access issues also affect other websites and social media platforms, including X. <\/span><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.crypto-news-flash.com\/victory-for-binance-judge-rejects-secs-securities-claim-on-bnb-sales\/\"><span style=\"font-weight: 400;\">Binance\u2019s situation<\/span><\/a><span style=\"font-weight: 400;\"> reflects a broader trend of increasing internet restrictions in the country. The Venezuelan organization VE sin Filtro first reported the Binance issue on August 9, suggesting that the restrictions may be related to the state telecommunications company CANTV.<\/span><\/p>\n<figure id=\"attachment_785951\" aria-describedby=\"caption-attachment-785951\" style=\"width: 720px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-785951\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/08\/Imagen-de-WhatsApp-2024-08-10-a-las-13.37.45_a74ec40d.jpg\" alt=\"\" width=\"720\" height=\"1258\" srcset=\"\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/08\/Imagen-de-WhatsApp-2024-08-10-a-las-13.37.45_a74ec40d.jpg 720w, \/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/08\/Imagen-de-WhatsApp-2024-08-10-a-las-13.37.45_a74ec40d-172x300.jpg 172w, \/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/08\/Imagen-de-WhatsApp-2024-08-10-a-las-13.37.45_a74ec40d-586x1024.jpg 586w, \/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/08\/Imagen-de-WhatsApp-2024-08-10-a-las-13.37.45_a74ec40d-150x262.jpg 150w, \/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/08\/Imagen-de-WhatsApp-2024-08-10-a-las-13.37.45_a74ec40d-450x786.jpg 450w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><figcaption id=\"caption-attachment-785951\" class=\"wp-caption-text\">Source: Email Binance<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">However, some users have <\/span><b>reported to Crypto News<\/b><span style=\"font-weight: 400;\"><strong> Flash<\/strong> that they can still <\/span><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.crypto-news-flash.com\/venezuelas-transition-to-cryptocurrency-usage-amid-economic-recovery-and-hyperinflation-aftermath\/\"><span style=\"font-weight: 400;\">access Binance<\/span><\/a><span style=\"font-weight: 400;\"> through private internet providers and other mobile phone companies. Binance is closely monitoring the situation and is actively seeking solutions to address the access problems its users are facing in Venezuela.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This incident highlights a rise in <\/span><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.crypto-news-flash.com\/venezuelas-continued-use-of-cryptocurrency-amid-us-sanctions\/\"><span style=\"font-weight: 400;\">internet restrictions<\/span><\/a><span style=\"font-weight: 400;\"> within the country, impacting both social media platforms and cryptocurrency exchanges. Binance assures that the security of user funds remains a top priority, and the company is focused on resolving these access challenges.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p> <img loading=\"lazy\" width=\"1200\" height=\"747\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/03\/unnamed-2024-03-21T091538.787.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" decoding=\"async\" srcset=\"\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/03\/unnamed-2024-03-21T091538.787.jpg 1200w, \/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/03\/unnamed-2024-03-21T091538.787-300x187.jpg 300w, \/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/03\/unnamed-2024-03-21T091538.787-768x478.jpg 768w, \/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/03\/unnamed-2024-03-21T091538.787-150x93.jpg 150w, \/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/03\/unnamed-2024-03-21T091538.787-450x280.jpg 450w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/>SAFU, established in 2018, is designed to safeguard assets during extreme situations like hacks or bankruptcies. Restrictions also affect other websites and social media platforms in Venezuela, showing increasing internet control. Binance is currently experiencing access restrictions in Venezuela. The company confirmed these issues through a message on social media platform X, reassuring users that [&#8230;]  <\/p>\n","protected":false},"author":5,"featured_media":66347,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,1,1,1,1,1,1,1,1],"tags":[],"class_list":["post-66346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Venezuelans Locked Out of Binance: How Safe Are Your Funds? - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/venezuelans-locked-out-of-binance-how-safe-are-your-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Venezuelans Locked Out of Binance: How Safe Are Your Funds? - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"SAFU, established in 2018, is designed to safeguard assets during extreme situations like hacks or bankruptcies. Restrictions also affect other websites and social media platforms in Venezuela, showing increasing internet control. Binance is currently experiencing access restrictions in Venezuela. 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Restrictions also affect other websites and social media platforms in Venezuela, showing increasing internet control. Binance is currently experiencing access restrictions in Venezuela. 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