Binance and its CEO Changpeng Zhao were sued by the regulators in the United States on Monday (June 5) for allegedly operating a "web of deception" and "calculated evasion of the law".

US sues largest crypto exchange Binance, founder Changpeng Zhao over securities law violations

Binance and its founder-CEO Changpeng Zhao are accused of operating a web of deception that included artificially inflating its trading volumes and diverting customer assets. The US regulators also alleged that Sigma Chain, a trading firm owned and controlled by Zhao, engaged in wash trading between September 2019 and June 2022. The wash trading included artificially inflating the trading volume of crypto asset securities on Binance.

US sues Binance, founder Zhao alleging securities law violations

Just months after authorities in the United States sued Binance for "illegal” exchange and a “sham” compliance programme, more trouble seems to be brewing for the world's largest cryptocurrency platform.

Binance commingled customer funds and company revenue, says report; company denies claims

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

The difficulty at the Binance platform was caused by heavy amounts of withdrawals early in the day. Binance temporarily halted withdrawals for the cryptocurrency exchange for nearly an hour. Binance has since resumed Bitcoin withdrawals after stopping them twice in the last 24 hours.

Binance withdrawals rise on higher transaction fee

Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country's counter-terror authorities show.

Israel seized Binance crypto accounts to 'thwart' Islamic State, document shows

Binance.US, the United States arm of the cryptocurrency exchange Binance will delist two digital tokens from its trading platform on April 18. Binance said that it has decided to delist digital tokens Tron (TRX) and Spell (SPELL) as part of a periodic review.

US arm of Binance to delist Tron, Spell tokens

Binance- the world's biggest crypto exchange and its Chief Executive Officer (CEO) and founder Changpeng Zhao were sued by the US Commodity Futures Trading Commission (CFTC) on Monday (March 27) for operating an allegedly ''illegal" exchange.

Explained: Who is Changpeng Zhao, Binance billionaire sued by US regulator?

The US Commodity Futures Trading Commission (CFTC) has initiated action against the CEO and founder of the largest cryptocurrency exchange in the world, Finance, for allegedly running an illegal exchange and a phony compliance programme.

CFTC charges Binance with evasion of federal law

A federal judge on Monday temporarily stopped bankrupt Voyager Digital from completing a proposed $1.3 billion sale to crypto exchange Binance.US, allowing the US government more time to pursue appeals that challenge the legality of the deal.

Judge halts Voyager Digital's $1.3 billion sale to Binance.US

As expected, embattled crypto trader and co-founder of FTX Sam Bankman-Fried on Tuesday pleaded not guilty to fraud charges at a New York federal court. The eight charges levelled on Bankman-Fried were related to the collapse of FTX and hedge fund Alameda Research.

FTX co-founder Sam Bankman-Fried pleads not guilty to fraud, setting stage for a court trial

Binance has registered $1.9 billion withdrawals in the last 24 hours. It's world's biggest crypto exchange and has temporarily paused withdrawals of USDC stable coins. Binance, whose dominance of crypto was cemented by fall of FTX last week tweeted the proof of reserves.

World Business Watch: Binance withdrawals hit $1.9 bn in 24 hours

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

The US authorities are moving forward to probe the collapse of now-bankrupt cryptocurrency exchange FTX. Securities and Exchange Commission, Commodity Futures Trading Commission and the Justice Department have joined forces to investigate what led to the abject failure of a multi-billion dollar company.

USA: SEC, CFTC and DoJ launch investigation into FTX's collapse

Visa Inc. on Sunday announced it was severing its ties with now-bankrupt cryptocurrency exchange FTX. “The situation with FTX is unfortunate and we are monitoring developments closely," said a Visa spokesperson.

Visa severs ties with troubled cypto exchange FTX, calls situation 'unfortunate'

Ever since cryptocurrency exchange FTX declared bankruptcy and its cryptocurrency genius and founder Sam Bankman-Fried resigned, the entire sector has been in turmoil.

'We need regulations', says Binance CEO after rival exchange FTX goes under

Changpeng Zhao, the chief executive of cryptocurrency exchange Binance, announced on Sunday that the company no longer accepts deposits of FTX's FTT token on its platform and urged other competing exchanges to follow suit.

Binance halts FTX's FTT token deposits, urges other crypto exchanges to follow

Crypto exchange coinbase Global has cut over 60 jobs in recruiting and other onboarding teams. It is coming at a time when plummet digital coins risks another contagion in the sector and bigger rival FTX is inching closer to collapse.

World Business Watch: Crypto exchange coinbase cuts jobs

Major cryptocurrency platform Binance has announced that it is walking out of a non-binding deal to purchase failing rival FTX Trading, which has been hit by a liquidity crunch.

Crypto market crashes as Binance walks out of FTX deal, amid US govt probe

A deal for leading cryptocurrency exchange FTX has collapsed after bigger rival Binance said that it was pulling out of the deal. Binance has now signed a non-binding agreement on Tuesday to buy FTX's non-United States' unit to help cover a liquidity crunch.

Binance walks away from FTX deal due to 'mishandled funds'

Cryptocurrencies tumble over failed FTX deal

Crypto giant Binance announced on Tuesday that it has signed an agreement to acquire the non-United States unit of its rival – FTX. The cryptocurrency market has been going through a major crisis for the past year and this deal will aid FTX in managing its current “liquidity crunch”.

Crypto giant Binance rescues rival FTX facing major crunch after dramatic fall in market

Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite US sanctions intended to cut Iran off from the global financial system, blockchain data show.

Crypto exchange Binance helped Iranian firms trade $8 billion despite sanctions

In what looks to be the latest theft to affect digital assets, almost $100 million worth of Binance Coin was taken, further destabilising an already disastrous year for cryptocurrencies.

Binance-backed blockchain loses $100 million in latest crypto theft, says stolen money blocked

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