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Binance.US Suspends Use of Fiat as Legal Troubles Mount
9.6.2023
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
Binance.US suspends USD deposits, warns withdrawal pause incoming
9.6.2023
Binance.US said the moves are part of efforts to protect customers and the platform amid "extremely aggressive and intimidating tactics" by the SEC
Documents Reveal Binance.US Suffered a $181 Million Loss in 2022
8.6.2023
Binance’s US branch, Binance.US, was deeply unprofitable in 2022 and lost as much as $181 million for the year, a new filing made by the Securities and Exchange Commission (SEC) has revealed.
The loss came despite Binance.US receiving some $132 million last year from its parent company...
Meet the judges that will preside over Coinbase and Binance’s SEC lawsuits
8.6.2023
One judge has ruled on a key crypto case of late, while the other has ruled on high-profile political cases in the U.S. in recent times
Former Binance.US CEO Brian Brooks Says CZ Was in Charge of the Exchange, Not Him
8.6.2023
Brian Brooks, the former CEO of Binance.US, revealed why he left his post at the exchange, in court documents released this week.
In an interview transcript from December 2021 with the US Securities and Exchange Commission, Brooks was asked about Binance CEO Changpeng Zhao’s role at the...
Binance.US coins trade at premium amid litigation fears, fiat gateway issues
7.6.2023
Stablecoins such as USDT and USDC were trading for 3% to 4% higher than par value at the time of publication
Binance.US To Remove Over 100 Trading Pairs by Thursday Days After SEC Charges
7.6.2023
Binance.US has decided to remove over 100 trading pairs by June 8, days after the Securities and Exchange Commission sued Binance and its CEO.
Those trading pairs, which are assets that can be traded for each other on an exchange, included AAVE/USDT, SUSHI/USDT, POLYX/USDT, FLOW/USDT, ATOM/BTC...
Evidence in SEC suit includes 2022 testimony of Binance.US’ long silent ex-CEO
7.6.2023
Catherine Coley left social media and the CEO job, but the SEC brought her in to testify the following year
Binance.US halts trading for dozens of USDT, BTC, BUSD pairs amid SEC lawsuit
7.6.2023
Binance’s arm in the United States suspended its OTC trading platform and reduced the number of supported convert trading pairs
Bitcoin, Ether Trade at Premiums on Binance.US as Investors Flee Following SEC Actions
7.6.2023
The U.S. Securities and Exchange Commission was seeking to freeze assets on Binance.US after suing the exchange and its global sister-entity Binance, CoinDesk reported Tuesday
US SEC Files an Emergency Motion in DC Court To Freeze Binance.US Assets — What’s in It?
7.6.2023
The US Securities and Exchange Commission filed an emergency motion on Tuesday evening seeking a temporary restraining order freezing assets of Binance’s US platform.
The regulator filed an emergency motion for a temporary restraining order in the US District Court for the District Court...
Bitcoin Trading at Premium on Binance US Amid SEC Lawsuit and Asset Freeze Motion
7.6.2023
As of June 7, 2023, recent data reveals that the value of bitcoin (BTC) is experiencing a premium on the Binance US exchange. The statistics show that on the American crypto trading platform, BTC is trading almost $400 higher for those utilizing the BTC/USD pair. Binance US Witnesses Bitcoin...
SEC lawsuit claims Binance.US, Changpeng Zhao put customer funds ‘at significant risk’
7.6.2023
One of the latest SEC filings in its lawsuit against Binance says billions in customer funds are at the “mercy” of Binance CEO Changpeng Zhao
SEC’s Binance.US Probe Started in 2020, Court Filings Show
7.6.2023
The securities regulator detailed evidence of hundreds of millions of dollars in profiteering by the crypto exchange as they seek to freeze assets of the company
Binance Records Significant Outflows of BTC, ETH, and Stablecoins Exceeding $1.45 Billion
7.6.2023
Binance, the world’s largest cryptocurrency exchange by trade volume, saw significant outflows of bitcoin, ethereum, and stablecoins starting on June 3, 2023, according to data from cryptoquant.com. In the past 68 hours, Binance has seen bitcoin outflows of around 15,438 BTC worth more than...
SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns
7.6.2023
Seeking court approval, the U.S. Securities and Exchange Commission (SEC) is actively pursuing a measure to freeze cryptocurrency assets linked to Binance US. In order to to “ensure the safety of customer assets,” the securities regulator deems this action as an urgent necessity. SEC Files...
Binance.US says user funds 'remain safe' amid SEC attempt to freeze assets
7.6.2023
The U.S.-based exchange said it's "fully operational" and called the SEC's motion "unwarranted."
SEC Seeks Temporary Restraining Order to Freeze Binance.US Assets
6.6.2023
The U.S. Securities and Exchange Commission (SEC) asked a court to grant a temporary restraining order to freeze assets tied to Binance.US on Tuesday
Report: Binance Controlled Bank Accounts Belonging to Its US Affiliate Between 2019 and 2020
6.6.2023
Between 2019 and 2020, crypto exchange Binance controlled bank accounts belonging to its U.S. affiliate including one holding funds of American clients, a new Reuters report has said. According to the report, employees of the crypto exchange’s U.S. affiliate had to get Binance executive...
SEC complaint hints at why Brian Brooks resigned as Binance.US CEO
6.6.2023
New details revealed in the SEC complaint could explain why Brian Brooks abruptly stepped down as CEO of Binance.US in 2021, a crypto lawyer suggests