About $850M leaves Binance prior to CFTC charge
Before Binance and its CEO Changpeng Zhao were charged with regulatory infractions by the United States Commodities Futures Trading Commission (CFTC), about a billion dollars in cryptocurrency left the platform’s wallets. Several hours before the Binance-CFTC indictment, which occurred at 3 p.m. UTC on Monday, March 27 according to Thanefield Capital’s data investigation, an unusually […]
CFTC sue Binance, CZ over alleged regulatory violations
The Commodities Futures Trading Commission is suing Binance and its founder Changpeng Zhao for a number of alleged infractions. Samuel Lim, the former chief compliance officer of Binance, was also accused of encouraging the company’s illegal activities. Binance “apparently opted to willfully disregard applicable provisions of the CEA while engaging in a determined strategy of […]
Binance exchange launches new blockchain hub in Georgia
Binance is establishing a new blockchain hub in crypto-friendly Georgia as it continues to expand its worldwide presence and creation of job opportunities for people. On March 26, Binance announced the inauguration of its brand-new blockchain hub in Georgia, with the purpose of fostering the country’s crypto adoption. Binance, which refers to the center as […]
Binance Resumes Spot Trading After Glitch
The cryptocurrency exchange Binance claims to be operational again after being forced to halt all spot trading on its site as a result of a fault. Binance, a leading cryptocurrency exchange, announced that all trading has resumed after brief system maintenance was finished. The exchange announced earlier on Friday that it had momentarily stopped all […]
Binance insiders allegedly help customers bypass KYC controls
A new investigation in China shows that employees of cryptocurrency exchange Binance are allegedly aiding users in circumventing security protocols mainly the Know-Your-Customer (KYC) system. Since the FTX crisis, Binance, the largest cryptocurrency exchange in the world, has made great steps to be an industry leader in terms of openness. Yet, a fresh study suggests […]