Trouble in crypto paradise: As per the latest news in cryptocurrency Binance users in Venezuela are locked out. The world’s largest crypto exchange is the latest victim of internet restrictions in the country.
The company announced on X that its users in Venezuela are struggling to reach the site, attributing the issue to access restrictions similar to those affecting other websites across various sectors in the country, including social media.
In the same post, Binance reassured its users that their funds were safe and that it was actively working to resolve the issue as swiftly as possible.
Trending crypto news reveals that the situation in Venezuela has taken a darker turn, with the human rights group VE sin Filtro revealing that the state-run telecom provider CANTV is blocking Amazon CloudFront’s service, causing widespread disruption.
This crackdown comes on the heels of President Nicolás Maduro’s decree to block access to X for 10 days, aiming to stifle what he claims are efforts to incite violence, spread hatred, and undermine the country from abroad.
This digital blackout is just one facet of the mounting tension following the July 28 presidential election. The National Electoral Council declared Maduro the winner, with 51.2% of the vote against opposition candidate Edmundo González Urrutia’s 44.2%, based on 80% of the votes counted.
However, the opposition has cried foul, insisting that their data shows González Urrutia in the lead with 67% to Maduro’s 30% after 83% of the votes were tallied.
Amidst this turmoil, the suspension of X is raising alarms, especially given reports of arrests and human rights abuses.
As a result, the United Nations has expressed concern over credible information regarding detentions, injuries, deaths, and violence inflicted by security forces. As Venezuela’s political and social unrest intensifies, the battle for control extends from the streets to the digital realm.
