Binance Nigeria ordered to stop operations as CZ’s global exchange denies links
Nigeria’s SEC ordered Binance Nigeria to halt operations as it’s unregistered, but the global exchange headed by Changpeng Zhao is now denying any links to the company.
Latest Crypto Crime Cartel News
US Feds indict Russian nationals linked to Mt Gox hack, BTC-e laundering
Prosecutors blamed two Russians for the 2011 Mt. Gox hack, where 647,000 BTC were transferred from wallets controlled by thieves, which ultimately contributed to the exchange's demise in 2014.
Binance.US suspends USD deposits as senators call for DoJ investigation
Two prominent U.S. senators are calling for the Justice Department to investigate Binance over false statements the company made to lawmakers on March 1 when it responded to a Congressional inquiry about its business practices.
Ruja Ignatova’s security advisor Frank Schneider is on the run
Frank Schneider, who previously told 100.7 that if OneCoin "was fraud and money laundering, I must be responsible," was arrested two years ago.
SEC summons CZ, more Binance dirty laundry exposed
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.
SEC seeks emergency freeze of Binance assets, accusing the exchange of commingling customer funds
The SEC also alleges that Binance and founder Changpeng Zhao commingled customer assets while moving billions of dollars from its accounts and into various bank accounts ultimately controlled by Zhao.
What the SEC charges against Binance, Coinbase mean for the industry
Charges filed by the SEC against Binance and Coinbase spell trouble for the 'crypto' industry dominated by exchanges that offer assets that amount to securities without proper authorization.
SEC charges Coinbase over illegally listing securities
The SEC's charges against Coinbase put the company at a high risk, with Berenberg analyst Mark Palmer projecting that "at least 37%" of the exchange's revenue could be wiped out.
Reginald Fowler gets 6 years in prison over crypto shadow banking
Reginald Fowler gave ‘crypto’ firms a backdoor into the U.S. banking system and transacted $750 million for ‘crypto’ firms, including Tether and Bitfinex.
SEC sues Binance for ‘calculated evasion’ of US securities law
The U.S. Securities and Exchange Commission (SEC) filed 13 charges against Cayman-registered Binance Holdings Ltd, Delaware-registered BAM Trading Services—which operates the U.S.-facing Binance.US digital assets exchange—and Changpeng Zhao.
Binance cutting staff, dodging Canadian regulatory probe
Binance undergoes "re-evaluation" of its workforce, cutting down about one-fifth of its total manpower who are either underperforming or might not be "the right cultural fit."
Gemini, Genesis want SEC charges dismissed
Genesis and Gemini argued that the alleged ‘securities’ in this case are mere lone agreements being incorrectly characterized by the SEC as securities offerings.