The exchange will soon start a “fiat-to-crypto exchange” on the European island nation and is close to securing a deal with local banks that can provide access to deposits and withdrawals.
The warning supposedly came as a result of Binance operating in Japan without a license, and was announced following the March 7 hack of the exchange.
The exchange is giving a reward for the first person to provide substantial information leading to the arrest of the hackers.
After reaching nearly $20,000 in December, BTC has now lost about 50% of its value--dropping to $9,000 level at the time of writing.
The FUD includes speculations that the exchange wasn't able to fully contain the DDoS damage on their globally distributed servers.