Binance

Binance Faces Ongoing SEC Investigation Despite Settlement and Leadership Changes

November 28, 2023 1 min read

Despite Binance’s CEO resigning and a hefty $4 billion settlement, the US Securities and Exchange Commission (SEC) continues its probe into whether BinanceUS, akin to FTX, had unauthorized control over customer assets, according to a recent Wall Street Journal report. The SEC filed a lawsuit in June, alleging Binance and BinanceUS sold unregistered securities, engaging in fraud and violating laws, with suspicions of unlawfully handling customer funds. argues against the

Former Binance CEO Changpeng Zhao Restricted from Leaving the US Until Sentencing, Rules Judge

November 28, 2023 1 min read

The former CEO of Binance, Changpeng Zhao (CZ), had a roadblock in his attempts to travel to the United Arab Emirates when a district judge halted a portion of his bail. CZ is currently residing in the US and intends to stay there until early 2024, when he will be sentenced. This follows Binance’s guilty plea for breaking money transfer regulations and sanctions, as well as his recent guilty plea

Binance Witnesses Significant USDT Withdrawals Amidst Spreading FUD

November 26, 2023 1 min read

Binance witnessed increased FUD (Fear, Uncertainty, Doubt) following CEO ChangPeng Zhao‘s resignation, with a substantial outflow of over $100 million in Tether (USDT). This withdrawal, the largest in three months, raises concerns about the stability of the exchange. BNB (Binance Coin) had a 10% decline in value, fighting to return to $250 and now hovering around $233. The Relative Strength Index (RSI) indicates a bearish trend, but a recent rise

Binance CEO CZ Appeals to Return to UAE Amid Flight Risk Concerns

November 26, 2023 0 mins read

Changpeng Zhao, the founder of Binance, is fighting against the government’s attempt to prevent his return to the UAE after pleading guilty to anti-money laundering charges. In a legal brief, his defense emphasizes his voluntary appearance, lack of criminal history, and substantial bail conditions as reasons to deny the flight risk claim. The defense asserts that Zhao’s citizenship and the absence of an extradition treaty don’t make him a risk.

Binance’s $4.3 Billion Settlement is a Positive Shift for Crypto, Says JPMorgan

November 23, 2023 1 min read

Binance, the world’s largest cryptocurrency exchange, has reached a $4.3 billion settlement with US regulators, bringing a lengthy legal battle to an end. This resolution, according to JPMorgan analysts led by Nikolaos Panigirtzoglou, is a positive sign for the entire cryptocurrency sector, providing clarity and reducing uncertainty for Binance and its investors. The settlement, which addresses allegations of anti-money laundering and violations of US sanctions, allows Binance to move forward

BNB drops by over 9% amidst Binance’s $4.3B settlement and CEO’s resignation

November 22, 2023 1 min read

Binance, the world’s leading crypto exchange, is facing legal and financial difficulties in an unexpected turn of events. This turbulent situation has resulted in a significant drop in the value of its native token, BNB. A massive $4.3 billion settlement with the US Department of Justice (DoJ) and a high-profile leadership change, with CEO Changpeng Zhao stepping down, are two key factors contributing to this upheaval. The announcement of a

$1.3 billion in user funds withdrawn from Binance following the US Government indictment

November 22, 2023 1 min read

Following the indictment by the US government, Binance saw a staggering $1.3 billion withdrawal of user funds. The surge in withdrawals coincides with the announcement that Changpeng “CZ” Zhao will step down as CEO as part of a $4 billion settlement with the US Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC). It is important to note that the Securities and Exchange Commission (SEC) is not a

Binance Faces $4 Billion Settlement Demand from U.S. DOJ Amid Ongoing Probe

November 21, 2023 1 min read

According to people familiar with the situation, the U.S. Department of Justice (DOJ) is allegedly looking to settle an ongoing investigation with Binance Holdings for a sizeable sum of money—more than $4 billion. The long-running investigation’s conclusion could have a big influence on investors’ perceptions of the crypto market. For Binance and the larger cryptocurrency market, the possible settlement comes at a crucial moment. The industry was disrupted last year

Binance Announces Plans for Crypto Exchange in Thailand

November 16, 2023 1 min read

Binance cryptocurrency exchange has partnered with Gulf Energy Development to launch a brand-new cryptocurrency exchange in Thailand. The collaborative venture, Gulf Binance, recently secured approval from Thailand’s Securities and Exchange Commission (SEC). This development marks a significant milestone for Gulf Binance, which obtained the necessary licenses in May and is now gearing up to kick off operations. The exchange is poised to offer various services, including digital asset exchange and

Binance Japan lists $HBAR, $NEAR, $ARB, $OP, $GRT, $IMX, $RNDR, $MANA, $EOS, $GALA, $APE, $KLAY, and $LSK

November 16, 2023 1 min read

Binance Japan has announced the inclusion of 13 new tokens on its platform for Japanese users, scheduled for November 27. This move will bring the total number of tokens on the exchange to 47, solidifying its position as a major cryptocurrency platform in the country. Among the newly added tokens are well-known protocols like Near Protocol (NEAR), Optimism (OP), and Arbitrum (ARB). The inclusion of these assets enhances the diversity

Binance and US SEC Collaborate for Mutual Legal Defense Amid Ongoing Lawsuit

November 15, 2023 1 min read

In the ongoing legal tussle between Binance and the U.S. Securities and Exchange Commission (SEC), both parties have jointly requested a protective order from the court. This move aims to maintain privacy around certain details, following disputes over document sharing and disagreements over the dismissal of the case. The decision to seek a protective order stems from a June 17 agreement intending to keep specific information confidential. The joint request

$27 Million Hacked From Crypto Wallet Connected to Binance

November 13, 2023 1 min read

A wallet associated with Binance fell victim to a $27 million cryptocurrency theft. The stolen funds mainly consisted of Tether (USDT) coins, and the incident was first uncovered by cryptocurrency investigator ZachXBT. ZachXBT’s research revealed that the stolen cryptocurrency underwent a series of conversions, including Ethereum (ETH), before ultimately being converted into Bitcoin to obscure the thief’s tracks. The wallet containing the stolen funds had just completed a withdrawal from