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The probe includes money laundering in connection with drug trafficking.

French investigators open fraud probe against Binance

French investigators said they had opened a judicial probe into money laundering, tax fraud and other charges at Binance, the world's largest cryptocurrency exchange, which said it denied the allegations.

Business • 28 Jan

The lawsuit relates to Binance's sale of its stake in Sam Bankman-Fried's FTX.

FTX sues Binance and its former CEO for $1.8bn

Collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8 billion was "fraudulently transferred" by FTX management to Binance and its executives.

Business • 11 Nov 24

Changpeng Zhao leaving court in Seattle, Washington today

Ex-Binance CEO given four-month term for money laundering

The founder of cryptocurrency firm Binance has been sentenced to four months in a US prison after pleading guilty to money laundering charges.

Business • 30 Apr 24

Binance was created in 2017 and cornered much of the crypto-trading market, turning its CEO Changpeng Zhao into a billionaire

Binance to pay billions in US in money laundering case

Binance chief executive Changpeng Zhao has pleaded guilty to US money laundering violations, in a deal that will see the cryptocurrency exchange he founded pay over $4 billion in penalties.

Business • 22 Nov 23

Binance, the world's largest cryptocurrency exchange, did not disclose financial details of the Russia deal

Binance to sell Russia business to CommEX

Cryptocurrency exchange Binance said today it will sell its Russia business to newly-launched exchange CommEX, becoming the latest company to pull out of Moscow since the country began its war against Ukraine.

Business • 27 Sep 23

Last week, a string of executives also quit Binance

Binance lays off over 1,000 employees- WSJ

Crypto giant Binance has laid off more than 1,000 people in recent weeks in a continuing exercise that could result in the exchange losing more than a third of its staff, the Wall Street Journal reported today, citing a person familiar with the moves.

Business • 14 Jul 23

Coinbase has suffered about $1.28 billion of net customer outflows following the lawsuit

US tightens crackdown on crypto with Coinbase lawsuit

The top US securities regulator has sued cryptocurrency platform Coinbase, the second lawsuit in two days against a major crypto exchange.

Business • 07 Jun 23

Tuesday's lawsuit came one day after the SEC sued Binance

US SEC sues Coinbase, one day after suing Binance

The US Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest US cryptocurrency exchange of operating illegally without having first registered with the regulator.

Business • 06 Jun 23

The Binance USD stablecoin is one of the world's biggest

Binance stablecoin backer ordered to stop issuing token

New York's chief financial regulator has ordered Paxos, the company behind the stablecoin of major crypto exchange Binance, to stop issuing the token, Paxos said in a statement today.

Business • 13 Feb 23

On Tuesday, blockchain data firm Nansen said Binance saw withdrawals of $1.9 billion in 24 hours, the largest such outflow since June.

Crypto firm Binance says deposits returning

The head of major crypto exchange Binance said deposits were returning, a day after it saw heavy outflows of cryptocurrencies and halted some stablecoin withdrawals.

Business • 14 Dec 22

A Binance spokesperson earlier said it always had "more than enough funds" to meet withdrawal requests.

Binance withdrawals hit $1.9bn in 24 hours

Binance has seen withdrawals of $1.9 billion in the last 24 hours, blockchain data firm Nansen said, as the world's biggest crypto exchange said it had "temporarily paused" withdrawals of the USDC stablecoin.

Business • 13 Dec 22

Cryptocurrencies remain under pressure after the collapse of FTX

As regulators scrutinise FTX, focus moves to Crypto.com

The fallout from the collapse of crypto exchange FTX kept bitcoin and other cryptocurrencies under pressure today, with market participants worrying about heavy withdrawals at Singapore-based exchange Crypto.com.

Business • 14 Nov 22

FTX's native token, FTT is down 90% this week

FTX's CEO seeks funds after Binance deal collapse

Sam Bankman-Fried is seeking to put together a rescue package of up to $9.4 billion for his troubled cryptocurrency exchange FTX, a person with direct knowledge of the matter said today.

Business • 10 Nov 22

Binance dominates the $1 trillion crypto industry, with over 120 million users

Crypto exchange Binance plans to acquire major rival

Binance, the world's largest cryptocurrency exchange, has signed a nonbinding agreement to buy FTX.com, a unit of major rival FTX, to help cover a "liquidity crunch" at the cryptocurrency exchange, Binance CEO Changpeng Zhao said today.

Business • 08 Nov 22

Binance.US and Binance have a licensing agreement but operate as separate legal entities

Crypto exchange Binance.US valued at $4.5bn

Crypto exchange Binance.US has said it had raised more than $200 million in a seed funding round at a pre-money valuation of $4.5 billion.

Business • 06 Apr 22

The new regulations will start from mid-February

Spain moves to rein in crypto-asset advertising

Spain has moved to regulate rampant advertising of crypto assets, including by social media influencers, tasking the stock market supervisor with authorising mass campaigns and making sure investors are aware of risks.

Business • 17 Jan 22

Binance has been under pressure in recent months from regulators across the world

Binance tightens anti-money laundering checks

Major cryptocurrency exchange Binance said today it would demand stricter background checks on customers to bolster efforts against money laundering, with immediate effect.

Business • 20 Aug 21

Stock tokens are digital versions of equities pegged to the value of the relevant share

Binance ditches 'stock tokens' as crackdown widens

Binance has stopped selling digital tokens linked to shares, as Hong Kong's financial watchdog became the latest in a string of regulators to crack down on the cryptocurrency exchange platform's "stock tokens" offerings.

Business • 16 Jul 21

Bitcoin, the largest cryptocurrency, fell more than 6% last month

Cryptocurrency trading volumes slump 40% in June

Trading volumes at major cryptocurrency exchanges fell by more than 40% in June, research showed today, with a regulatory crackdown in China and lower volatility among the factors depressing activity.

Business • 12 Jul 21

The UK financial regulator has said cryptocurrency exchanges Binance can not conduct any regulated activity there

Crypto firms drop British registration bids

A growing number of crypto asset firms are abandoning attempts to register with Britain's financial regulator as global scrutiny of the rapidly-growing sector intensifies.

Business • 28 Jun 21

Binance