The collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8bn was “fraudulently transferred” by FTX management to Binance and its executives according to a detailed report by The Guardian.

FTX sues Binance and its former CEO Changpeng Zhao for $1.8bn

Tensions are increasing between Nigerian authorities and Binance, the world's leading cryptocurrency exchange, as the Nigerian government refutes allegations of bribery levelled by Binance's CEO, Richard Teng.

Nigeria dismisses Binance CEO's bribery allegations as "Diversionary Tactic"

Cryptocurrency exchange platform Binance was used by Hamas and other terror groups to funnel funds, the US Treasury Department said, explaining reasons for charging the firm with money laundering accusations.

Cryptocurrency firm Binance used by Hamas, other terror groups to funnel money: US Treasury Department

Founder and CEO of Binance, Changpeng Zhao has stepped down from his position after pleading guilty to violating US anti-money laundering laws. The most influential figure in the crypto industry Zhao will pay a $50 million fine and end his journey with the world’s largest cryptocurrency exchange, Binance.

Who is Changpeng Zhao, ex-Binance CEO who quit after pleading guilty to money laundering violations

Binance, the world's largest cryptocurrency exchange paused Bitcoin withdrawals on the platform for a second time in under 12 hours on Monday. The company cited congestion on the blockchain due to the high volume of pending transactions as the reason for hitting the pause button.

Binance halts Bitcoin withdrawal twice in under 12 hours before resuming service

After Binance reported record $1.9 billion in withdrawals during a 24-hour period between December 12 and December 13, its Chief Executive Officer Changpeng Zhao warned his colleagues to expect tough months ahead.

Binance braces for 'challenging period' after record $1.9bn outflows

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