CZ details Binance’s early investment and 2021 exit from FTX, denying inside knowledge before the exchange’s 2022 collapse.
Binance faced $19B liquidations, $12B outflow reports, a $283M payout, and market share drop to 25% amid reserve concerns.
Binance faced intense U.S. scrutiny following the 2022 FTX collapse, culminating in a $4 billion settlement and CZ’s prison ...
In a Sunday filing with a Delaware court, FTX cites a 2021 transaction in which Binance, Zhao and others exited their investment in FTX, selling a 20% stake in the platform and a 18.4% stake in its ...
The FTX estate argued that Sam Bankman-Fried’s $1.75 billion repurchase deal with Binance in July 2021 was a fraudulent transfer because of FTX’s insolvency. The FTX bankruptcy estate is continuing ...
Binance, the world's largest cryptocurrency exchange, reportedly commingled billions of dollars of customer funds with company revenue in 2020 and 2021. Commingling was done almost every day in ...
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Binance fires several experts from its compliance team, including special investigators
Binance has reportedly fired investigators and internal compliance experts, after they discovered over $1B in transfers, linked to sanctioned wallets and sources in Iran.
Crypto exchange Binance moved around $400 million in funds from Binance US's Silvergate Bank account to a trading firm called Merit Peak, Reuters reported Thursday. According to the report, Binance ...
Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm ...
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The crypto exchange briefly offered tokenized versions of cryptocurrency and technology company stocks in 2021 before halting trading amid regulatory scrutiny. Cryptocurrency exchange Binance ...
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