Is Criminal Prosecution on the Horizon for Binance? Ripple Attorney Reveals

Major financial players Mastercard and Visa distancing themselves from Binance raises suspicions of a potential impending criminal prosecution, following ongoing speculation of a DOJ indictment.

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8/25/2023

Mastercard Ends Co-Branded Card Programs With Binance - Decrypt

Mastercard and Visa will end their partnerships with crypto exchange Binance, discontinuing their crypto card offerings in several countries by September 2022.

8/25/2023

Mastercard ends Binance card partnership in latest blow to crypto giant

Binance has lost business with Mastercard and Visa as traditional financial institutions become wary of working with the cryptocurrency exchange due to regulatory scrutiny and concerns over compliance within the crypto industry.

8/27/2023

Binance under scrutiny, increased enforcement amid growing scams, Pepe’s drama

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.

8/29/2023

Sealing docs in Binance case could suggest a criminal probe, says former SEC official

The US Justice Department may have indicted or intends to indict Binance, as suggested by a motion filed by the United States Securities and Exchange Commission (SEC) to file sealed documents in their civil case against Binance, strengthening the speculation of an ongoing criminal probe.

9/15/2023

SEC Accuses Binance.US of Not Cooperating Fully with Probe, Violating Prior Deal

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.

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Posted 8/27/2023, 7:53:26 AM

Is Criminal Prosecution on the Horizon for Binance? Ripple Attorney Reveals

Major financial players Mastercard and Visa distancing themselves from Binance raises suspicions of a potential impending criminal prosecution, following ongoing speculation of a DOJ indictment.

coinpedia.org

Relevant topic timeline:

8/25/2023

Mastercard Ends Co-Branded Card Programs With Binance - Decrypt

Mastercard and Visa will end their partnerships with crypto exchange Binance, discontinuing their crypto card offerings in several countries by September 2022.

8/25/2023

Mastercard ends Binance card partnership in latest blow to crypto giant

8/27/2023

Binance under scrutiny, increased enforcement amid growing scams, Pepe’s drama

8/29/2023

Sealing docs in Binance case could suggest a criminal probe, says former SEC official

9/15/2023

SEC Accuses Binance.US of Not Cooperating Fully with Probe, Violating Prior Deal