I Bought a Coin on Binance Web3 and Now I Can’t Sell or Convert It
I made a coin purchase through Binance Web3, assuming the platform provided some level of protection and oversight. But I was terribly wrong. Right after completing the transaction, I tried to sell or convert the coin, but the system wouldn’t allow it. I contacted live support and was shocked to learn that the token I purchased was a honeypot coin—meaning it was designed to be bought but not sold.
At no point during the purchase process was there any warning about the risks or restrictions of this coin. If Binance is going to promote Web3 integration, they must also take responsibility for protecting users from scam tokens like this. I trusted the Binance brand and its interface and ended up losing a significant amount of money as a result.
If you allow trading through your Web3 gateway, you are accountable for flagging tokens with known malicious behavior. I demand that Binance investigate this issue and either recover my lost funds or implement better safeguards immediately. What’s the point of a trusted exchange if users can be lured into these traps right on your platform?
