Binance’s history with Hamas, Iran looks even worse today
Binance’s historical willingness to knowingly allow both Hamas and its sponsor Iran to utilize its platform because it boosted Binance’s bottom line now looks even more short-sighted.
Binance’s historical willingness to knowingly allow both Hamas and its sponsor Iran to utilize its platform because it boosted Binance’s bottom line now looks even more short-sighted.
Apart from the departure of another of its execs, CEO Brian Shroder, Binance.US slashed one-third of its staff, stressing that the move will give it over seven years of financial runway.
Binance remains a key conduit for Russian entities looking to convert rubles into digital assets that can then be exchanged for mainstream fiat currencies, according to a Wall Street Journal report.
Regulatory hurdles and concerns over its alleged illegal acts led to a fallout between Binance and its partners—the most recent being Checkout.com, whose ties with the exchange date back to 2020.
Hong Kong-based First Digital Group celebrated the debut of the new FDUSD stablecoin on Binance, but little do they know that the U.S. dollar-backed FDUSD appears to have tripped down the red carpet.
Binance’s layoffs could top 3,000 by year’s end, according to an exchange staff who claimed that the U.S. Department of Justice probe would likely end in a consent decree or settlement.
U.S. District Judge Amy Berman Jackson has given the parties until 5 p.m. on June 15 to report back on their progress before she makes any final decision regarding the SEC’s request to freeze funds.
The summons to Changpeng Zhao and his Cayman-based Binance Holdings Ltd formally alerts the defendants that they have 21 days following service to respond to the SEC's complaint.
Former DoJ prosecutor John Ghose said Binance "did not have a reputation of being a responsible exchange" as authorities look into hedge funds tied to the controversial exchange.
Changpeng Zhao leverages FTX's downfall to paint a picture of Binance as a savior of fallen digital asset projects in a bold attempt to wash away the reputational stains of the 'crypto' industry.
BNB, also known informally as Binance Coin or Binance Token, is the native token of Binance Chain, a blockchain the company uses to perform contract functions.