Binance is pausing its U.S. market plans while awaiting regulatory clarity, following a costly settlement and leadership changes, as CEO Richard Teng emphasizes the need for clearer guidelines before any significant moves.
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Category: Binance
CZ Donates 150 BNB to Libra Victims, But ‘Gets More Back’ into His Wallet
Binance Founder CZ donated nearly $100,000 to Libra scam victims – but then unexpectedly received significantly more than the original donation from people wanting to help the effort.
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Nigeria Sues Binance for $79.51B in Economic Damages, Seeks $2B in Back Taxes
Nigeria has filed a lawsuit against Binance, seeking $81.5B in back taxes and damages, accusing the exchange of failing to register with tax authorities, violating financial laws, and contributing to the naira’s decline. This marks the third legal action against Binance in the country.
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Nigerian Lawmaker Sues Binance Exec Tigran Gambaryan for ₦1 Billion Over Bribery Allegation
Nigeria’s House of Representatives member, Philip Agbese, has filed a ₦1 billion defamation lawsuit against Binance executive Tigran Gambaryan over allegations that Agbese and two other lawmakers sought a $150 million bribe.
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Police Warn of Surge in SMS Fraud Targeting Crypto Users
Crypto users face an increasing wave of SMS fraud scams as cybercriminals impersonate Binance to steal login credentials and access funds. Authorities urge investors to activate two-factor authentication (2FA) to prevent unauthorized account takeovers, as similar scams have led to millions in losses across the industry.
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BNB Bursts Back Above $700 Following 10% Pump – Could It Hit $3,500?
BNB surged 10% to $700 amid a broader crypto market recovery sparked by US inflation data. Regulatory relief from Binance’s SEC case pause and BNB Chain’s growing user base could fuel further gains.
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Binance’s TST Coin Rallies 100x After CZ Tweet – Which Meme Coin Will Pump Next?
“Test coin turned meme coin” Test ($TST) surged 100x after supposed Binance endorsements and an exchange listing.
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CZ Hasn’t Bought Meme Coins or NFTs, Says Doesn’t Know How TST Got Listed on Binance
CZ criticized Binance’s listing process, calling it a “bit broken” and said he doesn’t know how TST got listed on Binance.
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French Investigators Launch Money Laundering Investigation Into Binance
French prosecutors are investigating Binance over alleged habitual money laundering, including ties to drug trafficking and tax fraud. The inquiry also questions its unregulated promotional activities before registration in France. Binance denies the allegations, citing strong AML compliance measures.
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Binance Labs Rebrands as YZi Labs, Expands Its Investment Focus to AI, Biotech
Changpeng Zhao, the former Binance CEO, will personally coach and mentor startups within the incubator.
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