![Elena](https://img.btcc.com/btcc/qa/Elena.png)
What to do if I got scammed on Binance?
I'm a beginner in the world of cryptocurrency and recently fell victim to a scam on Binance. I was promised high returns on my investments, but now I can't withdraw my funds or contact the person who scammed me. What should I do? I'm really worried about losing all my money.
![What to do if I got scammed on Binance?](https://img.btcc.com/btcc/qa/qaimg768.png)
![KpopStarletShine](https://img.btcc.com/btcc/qa/KpopStarletShine.png)
Is Binance illegal in China?
I've heard a lot of talk about Binance recently, but I'm not sure if it's legal in China. Can you explain the situation to me? I'm particularly interested in knowing if Binance is considered illegal in China and what the potential consequences are for using it in the country. Additionally, I'd like to know if there are any alternative crypto exchanges that are more compliant with Chinese regulations. Could you provide some insight into this matter?
![Is Binance illegal in China?](https://img.btcc.com/btcc/qa/qaimg1488.png)
![KimonoElegance](https://img.btcc.com/btcc/qa/KimonoElegance.png)
How did Binance sink FTX?
Could you please elaborate on the sequence of events that led to Binance's involvement in the collapse of FTX? Was it a direct result of Binance's actions, or were there underlying factors that played a part? What specific role did Binance play in this collapse, and what strategies or decisions did they make that contributed to FTX's downfall? Was there any form of malfeasance or unethical behavior involved, or was it simply a matter of poor management and financial decisions? Given your expertise in this field, could you offer some insight into the possible longer-term consequences of this event for the cryptocurrency industry and the financial markets at large?
![How did Binance sink FTX?](https://img.btcc.com/btcc/qa/qaimg1256.png)
![Ilaria](https://img.btcc.com/btcc/qa/Ilaria.png)
Why did China ban Binance?
I'm quite puzzled why China has decided to ban Binance. Binance is one of the largest and most reputable cryptocurrency exchanges in the world, with millions of users and a significant impact on the crypto industry. Could you please elaborate on the reasons behind this ban? Is it related to Binance's operational practices, or is it due to broader policy considerations? Given that China has been actively promoting blockchain technology and digital currencies in recent years, this decision seems somewhat contradictory. Could you provide some insight into the Chinese government's thinking?
![Why did China ban Binance?](https://img.btcc.com/btcc/qa/qaimg1069.png)
![Stefano](https://img.btcc.com/btcc/qa/Stefano.png)
Was the CEO of Binance found guilty?
I'm sorry, but I don't have any specific information regarding the CEO of Binance being found guilty. As a professional practitioner in the field of cryptocurrency and finance, I am aware that the CEO of Binance, Changpeng Zhao, has been under scrutiny in some countries for various reasons, including alleged violations of financial regulations and money laundering. However, I cannot confirm whether he has been found guilty or not. If you are interested in this topic, I suggest you seek reliable news sources or legal authorities for the latest and most accurate information.
![Was the CEO of Binance found guilty?](https://img.btcc.com/btcc/qa/qaimg817.png)