Cybersecurity news resource The Hacker News (THN) has become the latest PayPal user to have its accounts frozen without warning, the company has claimed.
‘At Least One Valid Reason’
In a series of tweets December 28, officials reported that funds from “all” its corporate accounts with the money transmitter were no longer accessible.
“(PayPal) has permanently banned all of our accounts without mentioning any reason and hold wallet funds wrongly for 180 days. Upon asking, (PayPal Support) also refused to share any details,” they wrote.
Describing the situation as “frustrating,” THN also accused PayPal of failing to provide “at least one valid reason” for its actions.
PayPal has often instigated funds blocking against corporate clients, including those involved in the cryptocurrency industry, without explanation.