Multiple Binance accounts in Kenya have been blocked, leaving users unable to access their funds or complete transactions.
This action comes after the Directorate of Criminal Investigations (DCI) made an official request to freeze these accounts as part of intensified efforts to regulate cryptocurrency activities.
Sources indicate that the accounts were reportedly frozen without formal court orders or any charges filed against the affected individuals.
Some reports suggest the funds were frozen at the DCI’s request by the National Police Service.
When users sought clarification, Binance directed them to contact the police service for additional information.
This incident occurs amid a tightening regulatory climate, with Binance working to comply with international standards.
Many Binance users in Kenya have expressed strong criticism of what they perceive as a lack of transparency from both the platform and the National Police Service.
“No complainant identified. No formal charges. No timeline given. Funds remain inaccessible. Meanwhile, real life doesn’t pause. Bills are piling up. Debt is growing,” stated one affected Binance user.
Frustration has grown on social media, with affected users creating the digital movement #BinanceUnmasked while demanding clarity on the situation.
The latest developments coincide with the 2025 regulatory framework.
This legislation establishes the legal basis for regulating cryptocurrencies, tokens, and digital assets, with the draft Virtual Asset Service Providers Regulations of 2026 outlining specific licensing and compliance requirements.
Binance has observed that while the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA) supervise the sector, coordination with the DCI seems to emphasize surveillance over user protection.