

Nansen CEO Alex Svanevik told CNBC that the reporting had lead to "concern in the market" with investors staying cautious and withdrawing crypto from exchanges. Binance's First Year in Review By Changpeng Zhao Binance Q4 Recap By Changpeng Zhao Activity At Binance, we're in it for the tech. anti-money laundering laws and sanctions, Reuters reported on Monday, sparking a 4% drop in Binance's own BNB token. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation focused on Binance's compliance with U.S. The exchange is also facing legal pressures. "User assets at Binance are all backed 1:1 and Binance's capital structure is debt free," a spokesperson said. How crypto exchanges such as Binance and its now-bankrupt former rival FTX handle customer deposits has come under close scrutiny from users, regulators and policymakers.īinance said on Tuesday it always had "more than enough funds" to meet withdrawal requests. The Chinese speaking communities are buzzing. Bridging aggregation service Li.Fi also took. CCTV’s coverage of Hong Kong’s cryptocurrency regulation is a big deal, tweeted Binance CEO Zhao on Wednesday.


Crypto businesses should hold user assets 1-to-1 and that is what we do. On Thursday, Binance said it would temporarily suspend deposits in 10 Multichain-bridged tokens while we await clarity from the Multichain team. Binance did not immediately respond to a request for comment. Binance CEO Zhao Warns Bumpy Road Ahead to His Staff. Binance has seen net inflows in the last 24 hours of tokens on the ethereum blockchain totalling around $718 million, Nansen told Reuters. Binance was founded in China in 2017 by CEO Changpeng Zhao, known as CZ, making it one of the newer cryptocurrency exchanges to buy and sell crypto.
