Binance CEO Changpeng Zhao believes that support from the tradition banking industry is important to increase the adoption of crypto.
Tron founder Justin Sun has issued an apology to Binance CEO Changpeng Zhao after getting called out for attempting to participate in the Binance Launchpool for SUI and farming the token using 56 million TUSD.
Binance reportedly hid its ties with China after the latter's crackdown on crypto in 2017. CEO Changpeng Zhao reportedly instructed employees to hide information about the exchange's presence in China.
Binance's BUSD has suffered over $500 million in outflows following the lawsuit brought by the CFTC. However, the impact on the stablecoin was comparatively limited to that seen after the enforcement action on Paxos last month.
U.S Senators including Elizabeth Warren have accused Binance of facilitating over $10 billion in payments to criminals and sanction evaders
Binance reportedly transferred over $400 million from Binance U.S's bank account to a private trading firm managed by Changpeng Zhao.
Luke Dashjr, a long time Bitcoin core developer, has lost nearly $3.6 million worth of Bitcoins to a hack that occurred on New Year's day.
Summary: Binance CEO Chanpgeng Zhao pointed to FTX’s collapse as a reason for increased scrutiny of the digital asset industry....