SEC scrutiny reveals potential compliance gaps in Binance.US’s management of customer assets. Operational strains from the lawsuit have led to significant layoffs and economic challenges for Binance.US. The U.S. Securities…
Browsing: Binance US
The SEC keeps investigating Binance for possible control of customer assets, while Binance.US disputes the allegations in court. Binance and its founder pleaded guilty to AML violations in a $4.3…
Binance and its CEO, Changpeng Zhao, face a class-action lawsuit, accused of using strategic moves to negatively impact competitor FTX and its financial standing. The lawsuit suggests that Zhao used…
Magistrate Judge Zia Faruqui has denied the SEC’s request for immediate access to Binance.US’s software. Binance.US trading volume plunged to $5.09 million, down from $230 million in September 2022 due…
Binance.US reduced its workforce by 30%, including the resignation of its president, Brian Shroder, and the appointment of Norman Reed as interim leader. Regulatory pressures, particularly from the SEC, played…
In the case between Binance.us and the US Securities and Exchange Commission, the judge has agreed with the joint stipulation filed by both parties. This was after the exchange had…
Bitcoin is going for a massive discount on Binance.US as users become increasingly concerned about the future of the platform. Investors can quickly profit by buying Bitcoin and Ethereum on…
Binance.US mistakenly displayed the bitcoin price in its tether (USDT) market as over $138,000, nearly 400% higher than the prevailing spot prices seen on other platforms. During that time, Binance.US…
Binance and Binance.US, have reached a proposed agreement with the SEC. Officials from Binance Global, the parent company, will have restricted access to the private keys associated with Binance.US wallets.…
Executives at Binance.US are concerned that the company may be unable to obtain specific licenses due to the lawsuit filed against Zhao by US regulators. In March, the US Commodity…
Binance users are still in a state of panic after a U.S. SEC official claimed that Binance US is an unregistered securities exchange. Binance could be slammed with a lawsuit…
Binance maintains that it did nothing wrong or suspicious to cheat on customers. Binance.US reportedly moved more than $400 million in three months in 2021 from California-based Silvergate Bank to…
Binance US has continued to thrive despite regulatory issues, with the CEO saying that it brought in more in the fourth quarter than Uber has since it launched. He also…
Binance US will close its pre-IPO funding in about one or two months and it expects to bring in a couple hundred million dollars. Previous funding rounds have been thwarted…