- Binance founder and CEO Changpeng Zhao attempted to shut down the crypto exchange's U.S. offshoot earlier this year.
- The decision to liquidate the company was put to a vote by the Binance.US board of directors, but it did not receive unanimous support.
- Binance.US CEO Brian Shroder opposed the decision, expressing concerns about the potential negative impact on customers.
- The attempted shutdown highlights the lengths Zhao was willing to go to protect the larger global exchange amid increasing regulatory scrutiny.
- Binance.US had received a $4.5 billion valuation from investors last year.
- Binance founder and CEO Changpeng Zhao attempted to shut down the crypto exchange's U.S. offshoot earlier this year.
- The decision to liquidate the company was put to a vote by the Binance.US board of directors, but it did not receive unanimous support.
- Binance.US CEO Brian Shroder opposed the decision, expressing concerns about the potential negative impact on customers.
- The attempted shutdown highlights the lengths Zhao was willing to go to protect the larger global exchange amid increasing regulatory scrutiny.
- Binance.US had received a $4.5 billion valuation from investors last year.
The hacker who stole $570 million from Binance last year had a portion of their stolen funds liquidated after the Venus community voted in favor of a governance proposal enabling the liquidation, and the attacker's position was manually liquidated for $52.3 million when the price of Binance Coin dropped.
Binance, the world's largest cryptocurrency exchange, caused confusion by mistakenly announcing on social media that euro transactions were no longer available, but it was clarified that euro transactions will continue until September 25th with Binance's banking partner in the region. However, the exchange is currently facing legal troubles and difficulties in various countries, making it challenging to find alternatives.
Binance Pay has launched in Brazil, partnering with local businesses to accept cryptocurrencies such as SHIB, Bitcoin, and XRP, which has led to increased adoption of these major cryptocurrencies in the country's financial landscape.
The US Department of Justice (DOJ) is reportedly investigating whether cryptocurrency exchange Binance has violated US sanctions against Russia by facilitating ruble-to-crypto trades, adding to existing allegations of market manipulation and anti-money laundering violations, which could have significant implications for the broader cryptocurrency ecosystem.
Cryptocurrency exchange Binance will suspend its crypto debit card services in Latin America and the Middle East without providing a specific reason, impacting less than 1% of users in those regions.
A Hong Kong crypto exchange, HashKey, will begin retail trading on August 28, allowing residents to invest up to 30% of their net worth into cryptocurrencies with a warning if the limit is exceeded; meanwhile, China is cracking down on private blockchain firms, arresting crypto executives and seizing assets, and the FBI has traced down $41 million in Bitcoin stolen by North Korean hackers from various projects.
Binance, the largest cryptocurrency exchange, has contacted low-liquidity token projects to enhance their liquidity protection by requesting details about their market makers and asking if they would contribute tokens to Binance savings pools.
Binance experienced a rapid withdrawal of $150 million worth of Bitcoin in one minute, indicating potential factors such as security, investment strategy, or preparation for a major transaction, while also raising speculation about market moves and potential illicit activities.
Visa and Mastercard's decision to reduce their partnerships with Binance, the largest crypto exchange, amid legal challenges is expected but unlikely to impact Binance's market share due to its global reach and liquidity.
Binance, the world's largest cryptocurrency exchange, claims that its investigations team helped identify and apprehend senior members of the ISIS branch, ISKP, in Tajikistan and Turkey through intelligence gathered by monitoring a popular Telegram channel used by ISIS members and tracing the crypto wallet address of a terrorist leader.
Binance faces scrutiny over SEPA concerns, market manipulation allegations, and sanction violations, while regulators crack down on crypto-related crimes; meanwhile, scams and allegations of insider trading plague the crypto industry.
Binance, the world's largest crypto exchange, has banned Russia-based users from trading in all currencies except the ruble due to a U.S. Justice Department investigation into possible violation of financial sanctions on Russia.
Binance, the world's largest cryptocurrency exchange, is considering a complete withdrawal from the Russian market due to complications and potential violations of Western sanctions.
Binance, the world's largest cryptocurrency exchange, is considering a complete withdrawal from the Russian market due to complications and potential violations of Western sanctions.
Cryptocurrency exchange Binance is experiencing the departure of two key executives in the Russian market, raising questions about the company's future in the region amidst regulatory challenges and potential sanctions.
Crypto exchange Binance has created an automated smart contract to reimburse users affected by the Xirtam rug pull, allowing them to claim their money by connecting their wallets to Etherscan and passing a verification check.
Summary: Binance froze the wallet of a scammer involved in the PopcornSwap rug pull scam, which stole over $2 million, after nearly two years of inaction, but only with the consent of all BNB Chain validators, highlighting the risks and challenges of seeking reimbursement in decentralized blockchains.
Crypto exchange Binance is expanding its zero-fee trading promotion to include Argentine, Brazilian, and South African currency spot trading pairs, allowing users to trade bitcoin, ether, and Tether's USDT stablecoin without paying maker fees.
Binance is refunding users $1 million and implementing measures to prevent future incidents after users were unable to withdraw their CYBER Earn assets due to a cross-chain bridging issue.
Five foreign nationals linked to a fraudulent cryptocurrency investment platform were arrested in Thailand after scamming local investors out of over $27 million worth of Thai bhat.
Binance.US, the United States arm of the crypto exchange, has cut around a third of its staff and its CEO has departed amid legal action from US regulators.
Binance.US is accused by the SEC of not cooperating in a probe and violating federal securities law by using a custody provider provided by its international arm, but the exchange claims that regulators are on a "futile fishing expedition" and asserts that customer assets are safe.
Hong Kong-based cryptocurrency exchange CoinEx has confirmed that compromised private keys allowed hackers to steal over $70 million worth of tokens, and is working on rebuilding its wallet system to restore functionality and compensate affected users.
Bitcoin trading volumes on Binance, the world's largest crypto exchange, have plummeted by 57% amid lawsuits and regulatory scrutiny, while competitor Coinbase has seen a 9% increase in volumes over the same period.
Crypto exchange Binance has reopened registrations and access to its products and services for Belgian users, three months after being ordered to cease cryptocurrency-related services by Belgium's finance regulator.
Binance's liquid staking ether experienced a sudden inflow of $500 million, bringing its total locked value to $1.2 billion, as the exchange minted $502 million worth of wrapped Binance ETH tokens, following its previously announced plan to convert BETH to WBETH.
Cryptocurrency exchange Binance has reached an agreement to sell its Russia business to CommEX in order to fully withdraw from the market due to compliance concerns, with CommEX excluding customers from the US, EU, and certain other jurisdictions.
Binance, the world's largest cryptocurrency exchange, is selling its Russian operations and fully exiting the country due to potential violations of war-related sanctions and incompatibility with its compliance strategy.
Binance, the world's largest cryptocurrency exchange, is facing major staffing struggles and regulatory issues, with some calling for CEO Changpeng Zhao to step down. The company has experienced turbulence in the past, but its current challenges may indicate a dire situation.
The Hong Kong Police Force and Securities and Futures Commission have formed a working group to address illicit cryptocurrency exchange activities, particularly in response to the ongoing crypto scandal involving JPEX exchange, aiming to enhance monitoring, investigation, and collaboration on suspicious activities.
Major global cryptocurrency exchanges like Binance and OKX are working to comply with the United Kingdom's new financial promotion regulations to ensure fair and transparent crypto promotions, while some firms have been listed as "non-authorized" for promoting services without permission.
Hong Kong police have warned users of a recent Binance phishing scam that has targeted Hong Kong-based customers, resulting in over $446,000 in combined losses over the last two weeks. Hackers gain access to users' Binance accounts by tricking them into verifying their personal details through fraudulent text messages, allowing the theft of assets from their wallets.
Crypto exchange Binance has burned over $450 million worth of BNB tokens, permanently reducing the circulating supply and increasing value for holders.
Israeli law enforcement has frozen over 100 accounts on Binance, the world's largest cryptocurrency exchange, in an effort to cut off funding for Hamas following recent attacks, with authorities requesting information on an additional 200 crypto accounts.
The U.S. unit of cryptocurrency exchange Binance has temporarily suspended dollar withdrawals from its platform, prompting customers to convert their funds into stablecoin or other digital assets for withdrawal.
Binance, the world's largest crypto exchange, may face legal obligations to return over $1.2 billion in customer funds to the bankruptcy estate of FTX, as testified by an accounting professor during the trial of former FTX CEO Sam Bankman-Fried for fraud. While Binance's assets are not primarily located in the US, there are potential implications for the exchange's access to US markets and courts.
Crypto exchange Binance has onboarded new fiat service providers for euro payments, deposits, and withdrawals in Europe after its former provider halted services, offering EUR deposits and withdrawals via SEPA and EUR spot trading pairs.
Crypto exchange Binance has announced new partners to handle euro deposits and withdrawals for European users, months after losing its previous partner PaySafe in September.
Australian police have uncovered a $145 million money laundering scam involving a currency exchange business, Bitget's market share has risen in Q3, China has lifted some restrictions on NFTs, and blockchain technology is being used to improve surveillance in Huaian's court system.
