Crypto platform BeeFund is suspected of freezing funds and charging withdrawal fees, causing a crisis of trust

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PANews
11-07
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According to a report by Portal Do Bitcoin, the cryptocurrency platform BeeFund has faced a large number of complaints from users due to the freezing of user deposits, and has been the subject of customer complaints on the Reclame Aqui website since early October. BeeFund recently announced on Telegram that it will convert customer balances into a new token called BEEB 2.0, and requires users to deposit $10 in stablecoins by November 6th in order to withdraw. Users who do not meet this condition will have to pay 10% of their frozen balance in order to withdraw starting today.

Additionally, there are reports that BEEB 2.0 will be listed on the SuperEx exchange on November 7th, but Binance has denied any involvement with this project. These measures taken by BeeFund have raised market doubts, including the platform's lack of transparency, the deactivation of the official website, and the unclear information about the project team, which has seriously undermined its credibility.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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