Binance has frozen over $4.2 million worth of the looted XRP coins connected to the recent account hack on Ripple. Binance CEO Richard Teng announced this development in a post on X and noted the the prompt action was possible due to early detection when the suspicious transactions were flagged ...
Binance is pursuing legal action against the GitHub user who posted the code and has submitted a takedown request to have the code removed from GitHub. The exchange has noted that it is taking steps to prevent further unauthorized access to its systems. While a spokesperson for Binance reportedly confirmed ...
Binance has officially listed Solana-based decentralised exchange Jupiter's native token, JUP, on its platform. According to an official statement, the token was scheduled to be listed on January 31, 2024, by 15.30 hours (UTC), with a "seed tag", which is used to identify tokens of projects in their initial stages ...
Binance appears to be yielding to the pressure from its users who desire to store their assets with independent custodians. According to a Financial Times report on Tuesday, January 30, 2024, the crypto exchange will soon start allowing its users to store their assets in independent storage options. The report ...
A lot has been going on at Binance in the last two weeks. The exchange pleaded guilty to multiple federal charges, including anti-money laundering, unlicensed money transmission, and sanctions violations; consequently reaching a settlement deal with the Department of the Treasury and the U.S. Commodity Futures Trading Commission (CFTC) to ...
The Philippines's Securities and Exchange Commission (SEC) has accused Binance of operating in the country without the necessary approval or license. In a notice issued to the public on November 28, 2023, the regulator warned citizens to exercise caution before using the platform as it violates crucial rules guiding securities ...
Richard Teng, the new CEO of Binance, is trying to alleviate concerns among investors and customers in the aftermath of the exchange's legal troubles with U.S. authorities. In a post on X (formerly Twitter), Teng emphasized the exchange's business fundamentals are "very strong." According to him, Binance is debt-free and ...
Changpeng Zhao, Binance’co-founder, has announced his resignation as the CEO of the prominent cryptocurrency exchange. In a lengthy statement on X (formerly Twitter), Zhao acknowledged the difficulty of the decision but noted that it was "the right thing to do." Today, I stepped down as CEO of Binance. Admittedly, it ...
Binance has pleaded guilty to multiple charges brought against it by the United States Department of Justice and has agreed to pay a staggering $4.3 billion penalty as part of a settlement deal. The US DOJ announced this development in an official statement published on Tuesday, November 21, 2023. The ...
Binance may reportedly shell out a settlement fine of over $4 billion to the United States Department of Justice (DOJ) to resolve a lengthy investigation into its alleged violation of American anti-money laundering laws and involvement in evading US sanctions against Iran and Russia. This potential settlement, if reached, would ...
