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The exchange says users should withdraw USD as soon as possible as the Securities and Exchange Commission engages in "extremely aggressive and intimidating tactics" against the company. Original Source
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Binance.US has announced the suspension of U.S. dollar deposits and has notified its customers of an incoming pause to fiat (USD) withdrawal channels as early as June 13.On June 9, Binance.US announced that it was forced to take action amid “extremely aggressive and intimidating tactics” from the Securities and Exchange
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent CryptoX article, the Securities and Exchange Commission (SEC) alleged that Binance CEO Changpeng “CZ” Zhao received billions of dollars in customer funds through their holding company. In response, CZ expressed uncertainty about the accuracy
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Binance.US, the US arm of the cryptocurrency exchange Binance, has suspended trading for several crypto pairs and reduced its supported convert trading pairs following a lawsuit
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a move to streamline its buy, sell & convert service, Binance.US has announced a reduction in the number of supported convert trading pairs, bringing the total to 226. The announcement came amid the complaint filed by
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On June 7, multiple coins and tokens listed on Binance.US, the U.S. subsidiary of cryptocurrency exchange Binance, began deviating from their fair value to trade at premiums. Coins such as Bitcoin (BTC) and Ether (ETH) were priced at $27,445 and $1,911, respectively, compared to CoinMarketCap averages of $26,490 and $1,850.Meanwhile,
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Binance.US removed trading services for several crypto tokens on June 7. The move follows a lawsuit filed earlier this week by the United States Securities and Exchange Commission against Binance entities and thei leadership. “After careful consideration, Binance.US will remove selected Advanced Trading pairs on June 8, 2023 at 9 a.m. PDT
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The BTC-U.S. dollar trading pair on Binance.US jumped as high as $28,800 earlier on Wednesday morning, some $1,700 higher than the average price across other exchanges at that time, data shows. Recently, the BTC-USD pair was changing hands at $27,900, while the CoinDesk Bitcoin Price Index (XBX), which feeds from
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Many crypto exchanges including Binance believe that the SEC’s requested relief will do more harm to investors than good. The United States arm of the Binance exchange, Binance.US has responded to the lawsuit filed against it by the Securities and Exchange Commission (SEC). According to Binance.US, the lawsuit is without any basis
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The United States Securities and Exchange Commission (SEC) has filed another document in its lawsuit against Binance.US, saying investors’ funds are at risk. In the filing entered on June 5, the regulators claim that the defendants, including Binance CEO Changpeng Zhao and Binance Holdings Ltd., “have enriched themselves by billions of
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