Results For: Binance
U.S. NIST Flags Vulnerability for Binance Trust Wallet iOS App
A serious security vulnerability has been discovered in the iOS version of the Binance Trust Wallet. The flaw allowed attackers to generate wallet passwords and steal user funds, according to a notice in the U.S. National Institute of Standards and Technology’s (NIST) vulnerability database. The NIST database lists major cybersecurity weaknesses with the potential to …...
Binance Founder CZ’s Criminal Sentencing Postponed Until April
The sentencing of Changpeng Zhao, founder of crypto exchange Binance, on money laundering charges has been pushed back two months to April 30th, according to a court notice filed Monday. No specific reason was provided for the delay. Zhao, better known by his initials “CZ,” pleaded guilty last November to violating U.S. anti-money laundering laws. …...
Binance to Delist Monero, XMR Nosedives 30%
Leading cryptocurrency exchange Binance announced recently that it will delist privacy-oriented coin Monero (XMR) on February 20. Binance has become the latest platform to dump the anonymity-focused asset amidst growing global compliance crackdowns. Key details on Binance axing XMR support: In a blog explaining regular coin review processes, Binance cited “contribution to a healthy and …...
Binance Addresses Privacy Concerns Over Alleged KYC Document Leak
Cryptocurrency exchange Binance moved swiftly to dismiss privacy fears over the weekend after reports surfaced that extensive customer KYC documents were being freely distributed through hacker channels on the dark web and GitHub. The exchange says it investigated but found no evidence that any internal systems were breached. Key details: Read more: SEC Charges Crypto …...
Binance Freezes $4.2M of Ripple Hack Proceeds, Aids Investigation
Cryptocurrency exchange Binance has helped secure over $4.2 million worth of XRP tied to the recent hack of Ripple co-founder Chris Larsen’s personal crypto accounts. The exchange also stated they are supporting law enforcement’s ongoing investigation. Highlights: On February 1st, word spread that Chris Larsen, a Ripple executive, had several private XRP wallets compromised, resulting …...
Binance Struggles to Re-enter UK Crypto Market Amid Regulatory Pushback
Binance, the world’s largest cryptocurrency exchange, is facing significant obstacles in its efforts to re-establish operations in the UK market. The struggles are primarily due to continued regulatory reluctance to engage with the platform. Key points: According to Bloomberg, Binance has pitched multiple UK firms for these mandated communications partnerships in recent months. Read more: …...
73% of Europeans Optimistic About Crypto: Binance
A recent survey by crypto exchange Binance reveals the widening integration of cryptocurrencies into European finance and society. The report shows that over half of respondents utilize them for routine purchases. Key Findings: While factors like the FTX fallout discouraged some last winter, positive catalysts in 2024 like SEC Spot ETF approvals and crypto sponsorship …...
Cristiano Ronaldo Hosts NFT Holders for Friendly Match Amid Binance Lawsuit
Soccer legend Cristiano Ronaldo recently hosted several NFT holders for a friendly match. Through his collaboration with cryptocurrency exchange Binance to offer exclusive access, the most recent video from Binance delivers on its promises. This latest video comes at a time when he is facing an ongoing lawsuit in Florida alleging illegal promotion of securities. …...
Binance Founder CZ Denied Travel to UAE Despite $4.5B Equity as Security Offering
Changpeng Zhao, aka CZ, founder of cryptocurrency exchange Binance, was denied permission to travel to the United Arab Emirates last month. The judge denied the request despite offering to put up his roughly $4.5 billion stake in the company as security. The details were revealed in newly released court filings related to CZ’s November guilty …...
IRS Sees Surge in Crypto Tax Evasion Cases After Binance Probe
The IRS division that spearheaded the landmark Binance investigation disclosed that nearly half its cryptocurrency probes now center on crypto tax evasion cases rather than money laundering. Key Details: Read more: OKX To Delist Privacy Coins Monero, Zcash And Dash In 2024 Tax Evasion Overtakes Money Laundering Focus Speaking Monday, Jim Lee explained that only …...
