Chinese social network Weibo blocked accounts of exchanges Huobi, OKEx and BinanceIn China, as well as in other countries Binance has big problems, they hide from users and the public, but something becomes known, for example:
- Archive 2017: Chinese regulator about 60 ICOs: Investigation into illegal offering and Binance securities sales
- Chinese police closes Binance office in Shanghai while Changpeng Zhao lies about it
- China: Binance exchange continues to carry out its illegal activities in China
Chinese microblogging platform Weibo has suspended the accounts of cryptocurrency exchanges Huobi, OKEx and Binance. The problem became known on 11 March 2012.
The reason for the blocking was a violation of the laws and rules of the community Weibo. The company did not specify what violations were committed by the mentioned exchanges. In the past, Weibo has already restricted cryptocurrency-related accounts on its platform. However, the accounts of related individuals, such as Binance CEO Changpen Zhao, remain available as long as they remain accessible.
Huobi, OKEx and Binance together call "HBO" in China as the most used cryptocurrency exchange platforms in the country. Huobi Token, OKB and Binance Coin tokens are down today along with the broader cryptocurrency market, losing 8.5%, 8.8% and 2.5% in value respectively in the past 24 hours. Although, Binance's operations in China are banned by authorities and financial regulators.
On Wednesday, Twitter blocked the accounts of several well-known members of the cryptocurrency community. As the company explained, the blocking was done automatically by an algorithm used to identify fake accounts spreading spam. Most of the full accounts have since been reactivated.
In November 2019, Weibo blocked Binance and Tron accounts, citing the same grounds. More often than not, such accounts are not unblockable and their owners have to re-register.