Binance Moved $400 Million From US Partner to Firm Managed by CEO

Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent US partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show. Over the first three months of 2021, more than $400 million (roughly … Read more

Binance Is Suspending Bank Transfers in US Dollars for International Users

Binance has decided to temporarily halt bank transfers in US dollars for international users. The decision will go into effect on February 8. Binance, while has not explained its reason behind this decision, has been facing banking-related issues in the US. Its international money transfer partner Signature Bank recently said it would only process crypto … Read more