01 Sep 2022

U.S. sought records on Binance CEO for crypto money laundering probe

U.S. federal prosecutors asked Binance, the world’s largest cryptocurrency exchange, to provide extensive internal records about its anti-money laundering checks, along with communications involving its chief executive and founder Changpeng Zhao, according to a late-2020 written request seen by Reuters. The Justice Department’s money laundering section asked Binance to voluntarily hand

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02 Aug 2022

Binance US Delists Cryptocurrency SEC Claimed Is a Security

Binance’s U.S. subsidiary announced that it will shutter trading for Flexa’s AMP token after the U.S. Securities and Exchange Commission (SEC) identified the asset as security. “We operate in a rapidly evolving industry and our listing and delisting processes are designed to be responsive to market and regulatory developments,” Binance US

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12 Jul 2022

Binance allegedly continued to serve Iranian customers, despite ban and sanctions

Global cryptocurrency exchange Binance is under the spotlight as a report claims it continued serving Iranian clients despite a company ban and economic sanctions against the country. According to an investigative report from Reuters, individuals inside the country continued to trade on Binance after the company itself had shifted Iran onto

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14 Jun 2022

Binance US Sued Over Promoting, Selling UST and LUNA

A class-action lawsuit was filed today against Binance.US, alleging that the cryptocurrency exchange misled consumers about the safety of Terra’s stablecoin UST, and native token LUNA. The suit also claims Binance violated federal law both by selling UST and LUNA, cryptocurrencies that the plaintiffs claim are securities that should have been

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06 Jun 2022

How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers

In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of a string of cyber heists by Lazarus that Washington said were aimed at funding North Korea’s nuclear weapons programme. Several hours

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28 Apr 2022

Binance Blocks Accounts Tied to Relatives of Kremlin Officials

Binance Holdings Ltd. has shuttered several accounts linked to relatives of senior Kremlin officials amid a wave of international sanctions in response to Russia’s invasion of Ukraine. The world’s largest cryptocurrency exchange by trading volume said Polina Kovaleva, the stepdaughter of Foreign Minister Sergei Lavrov, and Elizaveta Peskova, the daughter of

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27 Apr 2022

Binance is launching a crypto payments card for Ukrainians fleeing their country during Russia’s invasion

Cryptocurrency exchange Binance said Tuesday it has` launched a card for users from Ukraine who have fled their country because of Russia’s invasion, saying blockchain-based currency is an efficient vehicle for meeting emergency financial needs. The free Binance Refugee Crypto Card is for all current and new Binance users from Ukraine

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22 Apr 2022

Binance Recovers $5.8M Linked to Axie Infinity Hack

Crypto exchange Binance has recovered a small fraction of the $622 million stolen from Sky Mavis’s Ethereum sidechain Ronin last month, according to a tweet by exchange CEO Changpeng “CZ” Zhao early this morning. Sky Mavis is the developer team behind the popular play-to-earn crypto game Axie Infinity. Zhao tweeted

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21 Apr 2022

Crypto exchange Binance deactivating accounts in Russia

Cryptocurrency exchange service Binance has announced that it will deactivate user accounts in Russia amid Moscow’s war with Ukraine. In a statement on Thursday, the company said Russian residents and Russian companies that hold crypto assets worth over 10,000 euros will be banned from making any deposits and trading within their

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06 Apr 2022

Binance CEO says Russia cannot use crypto to evade sanctions

Binance CEO Changpeng Zhao, commonly referred to as CZ, believes Russia cannot use cryptocurrencies to circumvent western sanctions. He said this during a recent interview with Richard Quest, the host of CNN’s Quest Means Business. According to him, crypto is too traceable, a trait that makes it unsuitable for dodging

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