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Binance (BNB) Freezes $5 Million in Stolen Funds After Major Cyberattack on Turkish Exchange
In a decisive move, Binance, the world’s largest cryptocurrency exchange, has frozen over $5.3 million linked to a significant cyberattack on Turkish exchange BtcTurk. The attack, which involved unauthorized transfers of Avalanche tokens from ten of BtcTurk’s hot wallets, was detected over the weekend, prompting immediate action from both exchanges. https://twitter.com/RichardTeng/status/1804525525614096511?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1804525525614096511%7Ctwgr%5Ed84836428058417c9fd7ab0c82504356544737bd%7Ctwcon%5Es1&ref_url=https%3A%2F%2Fcryptonews.com%2Fnews%2Fbinance-halts-5-million-in-funds-linked-to-turkish-exchanges-54-million-cyberattack.htm Swift Action Ensures Financial […]
Binance (BNB) Blocks $5.3M After Massive $54M BtcTurk Crypto Heist
In a swift and decisive move, Binance has frozen over $5.3 million in stolen funds linked to the recent breach of the Turkish cryptocurrency exchange BtcTurk. The hack, which saw an estimated loss of $54 million primarily in Avalanche (AVAX) tokens, has sparked significant concern within the crypto community. Blockchain analyst ZachXBT, who has been […]
Binance (BNB) CEO Welcomes Standard Chartered’s Bitcoin and Ethereum Trading Desk
In a groundbreaking move, Standard Chartered, a global banking giant, has announced its plans to launch a spot trading desk for Bitcoin and Ethereum. This decision marks the bank as one of the first major traditional financial institutions to directly engage in trading the top digital assets, posing potential competition to Binance, the world’s largest […]
Binance (BNB) Appeals $4.4M Fine: A Closer Look at Regulatory Challenges
Binance, the world’s largest cryptocurrency exchange, is pushing back against a $4.4 million fine imposed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The regulatory body accused Binance of violating Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations. Binance has filed an appeal in Canada’s Federal Court system, challenging […]
Binance (BNB) Fined $2.25M by India for AML Violations: A New Regulatory Era
In a landmark move, the Financial Intelligence Unit of India (FIU-IND) has slapped a hefty $2.25 million fine on the global cryptocurrency exchange Binance. This unprecedented penalty marks the largest ever imposed on any crypto entity in India, signaling a stringent regulatory stance against anti-money laundering (AML) violations. A Crackdown on AML Violations The hefty […]
Binance (BNB) Under Fire for Handling of FET Delisting News
The cryptocurrency community was thrown into a whirlwind of confusion and concern following Binance’s recent announcement regarding Fetch.ai (FET). On Monday, the leading crypto exchange disclosed plans to delist FET, a move that immediately spurred widespread fear, uncertainty, and doubt (FUD) among FET holders. This announcement led to a significant sell-off, causing a dramatic drop […]
Binance TH Backs Terra Classic LUNC and USTC, $1 Next for LUNC?
In a bold move to rejuvenate the Terra Classic ecosystem, Binance TH, in collaboration with Gulf Energy, has launched an initiative to revive LUNC and USTC tokens, with the ambitious goal of pushing their values back to $1. This initiative marks a significant effort to restore confidence in the Terra Classic community and attract renewed […]
Binance (BNB) Hits 200 Million Users: A New Era for Crypto
In a resounding testament to the surging popularity of cryptocurrencies, Binance has recently surpassed 200 million registered users worldwide. This milestone underscores not only the platform’s meteoric rise but also a broader shift towards mainstream acceptance of digital assets. Richard Teng, CEO of Binance, expressed his gratitude, stating, “We are deeply honored and humbled to […]
Binance (BNB) Reaches 200 Million Users Amidst Crypto Boom
Binance, the world’s largest cryptocurrency exchange by daily volume, has recently announced a remarkable achievement: its user base has surged to an astonishing 200 million users globally. This milestone, celebrated on June 8, marks a significant step in Binance’s journey towards its ambitious goal of reaching 1 billion users. The surge in Web3 adoption and […]
Binance (BNB) Battles £10 Billion Lawsuit: Seeking to Shrink BSV Delisting Claims
In a high-stakes legal showdown, Binance is pushing to dismiss a substantial portion of a £10 billion ($12.8 billion) lawsuit in London that alleges the exchange engaged in anti-competitive behavior by delisting Bitcoin Satoshi Vision (BSV). This lawsuit, heard at London’s Competition Appeal Tribunal (CAT), involves over 200,000 BSV owners and other exchanges like Kraken. […]