PANews reported on November 7 that according to Portal Do Bitcoin, the crypto platform BeeFund has caused a large number of complaints due to the freezing of user deposits, and has been complained by customers on the Reclame Aqui website since early October. BeeFund recently announced in Telegram that it will convert customer balances into a new token called BEEB 2.0, and requires users to deposit $10 in stablecoins before November 6 for withdrawals. Users who do not meet the conditions will have to pay 10% of the frozen balance to withdraw from today.

In addition, there are reports that BEEB 2.0 will be launched on the SuperEx exchange on November 7, but Binance denies any relationship with the project. This series of measures by BeeFund has aroused market doubts, including the lack of transparency of the platform, the suspension of the official website, and unclear project party information, which seriously questioned its credibility.