Last week the SEC sued Binance and Coinbase, launching a legal process that could determine the future of crypto in the United States.
On #TechWontSaveUs, I spoke to @molly0xfff to dig into why this is the “final boss fight” of the crypto industry and why it’s unlikely they could ever comply with US securities law. It’s a fascinating and very informative episode!
World’s largest #cryptocurrency exchange, #Binance, commingled customer funds with company revenue in breach of a US financial rule, reports Reuters. thttps://www.reuters.com/investigates/special-report/crypto-binance-money/
La justice américaine porte un coup d’arrêt à Binance
Accusée de fraudes et de blanchiment, #Binance a été condamnée à payer une amende record de 4,3 milliards de dollars par la #justice américaine. Changpeng Zhao, fondateur de la première plateforme de cryptomonnaies, a démissionné de ses fonctions.
🚨 Cryptocurrency users! Watch out for a sophisticated phishing attack mimicking #Binance, #Coinbase, Gemini & more. Don't fall for fake logins, emails, texts, or calls.
US leaked intelligence files contain an interesting piece on #Binance CEO correspondence in #Signal, including one with auto-delete feature enabled. This does not necessarily indicate compromise or cooperation of the Signal infrastructure, and the description very much matches the capabilities of US TAO (tailored access operations) or Israeli Pegasus. Zhao's phone could have been compromised by a zero-day exploit in #Android or any other application, which opens door to a custom, hidden app pulling messages from Signal as they arrive. Or, a backdoored Signal binary could have been installed covertly by physical intervention or the zero-day method.
Crypto giant Binance is reportedly facing US probe for violating Russian sanctions
Binance is reportedly facing investigation by the US Justice Department over possible violations of sanctions imposed against Russia. The agency is looking into whether the cryptocurrency exchange allowed Russian customers to move money as a way to go around US sanctions
#Binance, the world’s largest #cryptocurrency exchange, is being booted out of the U.S. after federal prosecutors alleged the company aided terrorist networks like #Hamas, violated sanctions and facilitated human and narcotics trafficking.
#CHINA, #RUSSIA AND SOME OTHER COUNTRIES ARE PLANING TO LEGALIZE CRYPTO #TRADING AND CRYPTO #BUSINESS SOON. MANY #BANKS OUTSIDE OF THE US HAVE ALREADY STARTED TO OPEN #BANK ACCOUNTS FOR #CRYPTO BUSINESSES AFTER US STARTED TO PUSH CRYPTO BUSINESSES OUT OF THE #COUNTRY. #RUMOUR
It looks like #Binance is telling its US customers to withdraw their USD by June 13, 2023, because their banking partners aren't going to service them any more after that.
June 13th also happens to be the hearing date on the SEC's request for an asset freeze.
What they aren't telling their customers is to withdraw their #crypto even though the SEC is requesting that their crypto assets also be frozen.
If you have anything on #BinanceUS you should think really hard about getting it off ASAP
Kryptowährungsbörse: Vier Monate Haft für Binance-Gründer
Er dürfte der reichste Insasse in einem US-Gefängnis werden: Der Gründer der Kryptowährungsbörse Binance, Zhao, soll für vier Monate in Haft. Er hatte Verstöße gegen Geldwäschegesetze zugegeben.
OC ZKasino Rug Pull: Binance Assists Arrest, Millions Recovered in Scam Takedown (cryptotale.org)
Binance's Assists investigation led to the arrest of a suspect in the $33M ZKasino scam, a classic DeFi rug pull.
OC Binance Makes Bold Move into Mexican Crypto Market (coinedition.com)
Binance expands its trading pairs and trading bots services, offering trading pairs for top cryptocurrencies, including BTC, XRP, ENS, and LDO.