Binance in hot water
Full Coverage
Arthur Hayes slams TradFi double standards
In a blog post, Hayes condemned the TradFi industry and the double standards he says relate to crypto, CZ and Binance. BitMEX founder Arthur Hayes has argued that the treatment of Changpeng Zhao and Binance highlights a cunning set of…
SEC continues probe into Binance.US for potential fraud similar to FTX case
The U.S. Securities and Exchange Commission (SEC) continues its investigation to uncover proof that Binance.US may have had a backdoor mechanism akin to FTX’s, allowing potential control over customer assets. According to a Nov. 27 report, the SEC is intensifying…
Richard Teng takes the helm at Binance promising a shift away from outlawed behaviour
The new head of cryptocurrency exchange Binance, Richard Teng, must find a way to ensure that the world’s largest cryptocurrency exchange can remain competitive as it navigates both crippling financial sanctions and US government oversight. According to Fortune, the new…
DOJ doc details length of Binance founder Changpeng Zhao’s possible prison sentence
The DOJ urged Judge Richard A. Jones to reconsider Zhao’s ability to travel, highlighting the risk of non-extradition from the UAE, a concern that intensifies his flight risk.
Changpeng Zhao’s legal team suggests home detention, says he is not a flight risk
Changpeng Zhao’s defense team advocates for combined home detention and community confinement, emphasizing his willingness to take responsibility for Binance’s criminal charges.Â
House GOP whip Tom Emmer sees no need to rewrite laws for crypto following Binance’s settlement
The Minnesota Republican says current laws ‘are suitable to help weed out bad actors.’ Tom Emmer, the Minnesota Republican who has been crypto pro advocate for years, says there is no need for Capitol Hill to rewrite existing laws trying…
Kraken’s Powell says crypto game ‘more fair today’ as Binance’s dominance under threat
Claiming that the crypto game is now ‘more fair,’ Kraken founder Jesse Powell adds that there are new threats to the industry’s reputation that continue to emerge. As Binance reached a $4.3 billion settlement agreement with the U.S. Department of…
DoJ urges judge to require Binance’s Zhao to stay in the U.S. before sentencing
U.S. prosecutors are trying to prevent Changpeng Zhao from returning to the United Arab Emirates before his sentencing. The Department of Justice (DOJ) has pressed a Seattle federal judge on Nov. 22 to require Binance founder Changpeng Zhao to stay…
Binance outflows reach $1.2b in past 7 days
Following the $4.3 billion fine by the U.S. Department of Justice (DoJ), Binance’s outflow has surpassed the $1 billion mark over the past week. According to data provided by DeFi Llama, Binance witnessed a negative net outflow of $1.2 billion…
JPMorgan sees Binance settlement as positive development for crypto industryÂ
JPMorgan analysts believe that Binance’s $4.3 billion settlement stabilizes the crypto market and mitigates systemic risk.
