CZ Authorizes Binance Security to Track Huobi HTX Stolen Assets
HTX took a proactive stance to mitigate potential harm by providing a “white-hat bonus” equivalent to nearly $400,000, which constituted 5% of the funds that had been drained. Shortly after HTX, the cryptocurrency exchange formerly known as Huobi reported a hacking incident resulting in an $8 million loss, Binance CEO Changpeng “CZ” Zhao offered the […]
Binance Announces Elimination of 57 Spot Trading Bots
Binance will stop offering Spot Trading Bots services for trading pairs including AAVE/BNB and ZIL/BNB as of September 29. The news is made amid stories about declining Binance trading volumes, which are attributed to legal issues and the loss of zero-fee commissions . 57 down, with possibly more to come on the Binance website, a […]
Binance Halt Support for 15 BUSD-Related Spot Trading Pairs
Binance is phasing out Binance USD (BUSD) trading pairs due to liquidity and efficiency problems to improve trading market quality and protect customers. Due to their frequent evaluation of listed spot trading pairs, low-liquidity and low-volume pairings may be delisted. In a recent announcement, Binance officially disclosed that it will discontinue several spot trading pairs […]
U.S. SEC Alleges Binance.US in $250M Suspicious Fund Transfers
The U.S. Securities and Exchange Commission (SEC) has expressed concerns about Binance’s questionable fund transfers, according to court records. In publicly released court documents , the SEC reported that on June 6, Binance CEO Changpeng Zhao withdrew $250 million from Binance.US Subsidiary BAM Management and subsequently transferred this sum to BAM Trading, the entity behind […]
U.S. Judge Disputes SEC Access To Binance.US Software
The SEC lost its lawsuit against Binance.US, the cryptocurrency trading platform. U.S. Magistrate Judge Zia Faruqui denied the SEC’s request for quick access to Binance.US’s software . Since June, the SEC has been pursuing a case against Binance.US, its international counterpart Binance Holdings Ltd., and CEO Changpeng Zhao. Throughout this period, the regulator has encountered […]