Binance experienced $1.6 billion in withdrawals in just three days as regulators and reports question the company’s 'maze' of operations in the U.S. and China.
that Zhao has actively taken money out of its related banks, even though the two firms were supposed to be completely separate.Binance has long been a closed organization that seemed purpose built for obfuscation. It does not list a specific headquarters and country of origin, though it has previously claimed it does not operate in countries like China. On Wednesday, a new Financial Times
claimed, based on leaked internal documents, that Zhao and other leaders told company employees to actively hide the fact the company remained in China. Theyhad an office in the country until at least late 2019, and has used a Chinese bank to pay employees in the country.and further argued the company does not operate in China and that it does not have any servers or data in the country.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit – Bitcoin News3,655 bitcoin worth more than $99 million were withdrawn from Binance over the past day, according to Coinglass metrics.
Read more »
Buy and Sell Binance Code with Our Partners | BinanceWith Binance Code, you can transfer and trade crypto on any platform with both Binance and non-Binance users. Buy and sell Binance Code with our partners!
Read more »
Here’s What You Missed at Binance Talks: AI & Web3 | Binance BlogIf you missed BinanceTalks AI & Web3 earlier this month, we’ve got you covered. Check out our blog below to get key discussion points from the event. Head to the bottom of the blog to register for the next one focusing on charity! 👇
Read more »
10 Reasons Why You Should Trade NFTs on Binance NFT | Binance BlogJoin the global community of users trading on the Binance NFT Marketplace. Enjoy: 🔸Low fees 🔸Exclusive drops 🔸Multi-chain support 🔸Industry-leading security 🔸A wide variety of collections Find out more 👇
Read more »
Bitcoin price retains $27K, but forecast says 'correction is incoming'Bitcoin sees $27,000 support hold as BTC price cools following Binance regulatory news.
Read more »