The move has raised concerns among traders and investors who rely on the platform for daily transactions and asset management.
Reports indicate that some users received an email from Binance informing them that their funds had been frozen at the request of the DCI through the National Police Service.
The communication reportedly did not specify the reasons for the action or indicate how long the restrictions would remain in place.
The freeze has sparked anxiety among local cryptocurrency users, many of whom say they have been left in the dark about the status of their funds.
Some claim they have been unable to get clear guidance on whether they are under investigation or what steps they need to take to regain access to their accounts.
The Directorate of Criminal Investigations has in recent months intensified its scrutiny of digital financial platforms amid concerns over fraud, money laundering, and other illicit activities linked to cryptocurrencies.
Authorities have repeatedly warned that unregulated platforms can be exploited for illegal transactions, prompting closer monitoring of users and service providers.
However, the reported lack of court orders or formal charges in this case has raised questions about due process and the protection of users’ rights.
Legal experts note that while law enforcement agencies have a mandate to investigate financial crimes, any restrictions on personal assets should follow established legal procedures.