Binance chats expose sham behind Binance.US ‘independence’
Wall Street Journal recently reported on internal communications that poke larger holes in Binance’s repeated assertions that the Binance.US exchange is an independent entity.
Latest Changpeng Zhao News
Binance denies reports that other B-tokens are insufficiently backed
Voyager Digital announced that most of its creditors had voted in favor of its restructuring plan that will see Binance.US acquire around $1 billion in frozen assets.
Coinbase delisting BUSD as SEC stablecoin scrutiny mounts
BUSD trading on Coinbase will be suspended on March 13, but BUSD holders will continue to have access to their funds and make withdrawals whenever they want.
SEC joins chorus of opposition to Binance.US $1 billion Voyager deal
In a flurry of court filings, New York and federal finance regulators lodged multiple objections to the proposed billion-dollar deal, on the grounds that it could prove discriminatory and unlawful.
Paxos stops minting BUSD—is Binance stablecoin finished?
Paxos CEO Charles Cascarilla said that the decision was not linked to the NYDFS order, clarifying that "The market has evolved, and the Binance relationship no longer aligns with our current strategic priorities."
Binance boss Changpeng Zhao controls Binance.US bank accounts: Reuters
Responding to the damning report, a spokesperson from Binance.US denies that Changpeng Zhao has more control over the platform than the execs themselves, adding that Reuters has used "outdated information."
Paxos ordered to cut ties with Binance, will stop minting BUSD stablecoin
Citing "unresolved issues" tied to its relationship with Binance, the NYDFS ordered Paxos to halt the minting of BUSD while users have until February 2024 to redeem their stablecoins.
Binance ‘unbanks’ itself, crypto customers surprisingly unimpressed
Binance will ‘temporarily’ halt U.S. dollar bank transfers on February 8, in the latest sign that all is not well with the world’s largest digital asset exchange by trading volume.
Feds probe Silvergate bank’s ties to FTX, SBF vs. CZ cage-match documentary
The fraud division of Department of Justice recently began scrutinizing Silvergate Bank for its dealings with SBF's FTX exchange and its affiliated market-maker Alameda Research, according to Bloomberg.
Binance demanded WazirX ‘lie publicly’ to clear CZ’s name in leaked emails: report
Binance sent an email a week ago demanding that WazirX publicly take back all statements about its ownership, but WazirX owners refused the “unethical” order.
Bitzlato received €1B from criminals, with $346M flowing to Binance: Europol
Europol worked with the U.S., Spain, Portugal, and others to crack down on Bitzlato even as Reuters revealed that Binance processed over $346 million for the exchange.
Binance’s wings clipped by Signature Bank, insider trading
Binance issued a statement explaining that Signature Bank advised that they will no longer "process SWIFT fiat (USD) transactions for individuals of less than 100,000 USD as of February 1st, 2023."