A recent report from CNBC claims that Chinese users have been circumventing Binance's KYC controls with help from the inside.
The report points to Binance’s official Chinese-language chat rooms, in which more than 220,000 users were registered. There, users are reportedly able to access shared messages with techniques to bypass the exchange’s KYC, residency and verification protocols.
These messages allegedly stemmed from accounts that were identified as employees of Binance or trained volunteers who go by the title “Angels.” Techniques shared included forging bank papers, attesting false addresses and other simple system manipulations. A Binance spokesperson is reported saying: “We have taken action against employees who may have violated our internal policies, including wrongly soliciting or making recommendations that are not allowed or in line with our standards.”
The co-founder of Binance, Changpeng Zhao, who is usually active on social media, has made no comment at the time of writing. Zhao previously took to Twitter toBinance did not immediately respond to Cointelegraph's request for comment.
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