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Tzahal, the Israeli Defense Force, sanctioned several Binance accounts and wallets on Tron’s blockchain. Israelis allege they belong to Palestinian Islamic Jihadists. An analysis by ChainArgos shows that those Tron wallets received 93.7 million Tether (USDT), much of which came from Audax Trading, a crypto scam. Although the owner(s) of these wallets — allegedly Islamic jihadists , according to Tzahal, and widely assumed on social media to overlap with Hamas members — have subsequently withdrawn all funds from them, the connections are particularly salient given the recent onset of war between Israel and Palestine .  Hamas recently fired thousands of rockets from Palestine into Israel and Israel responded with a declaration of war. Israeli forces are now conducting airstrikes on the Palestinian capital Gaza and Israel’s defense minister has ordered an evacuation of civilians from the city as Tzahal prepares a major military assault . Terrorists have accounts at Binance...

Binance may be the largest cryptocurrency exchange in the world by volume, but it has also utilized disasters across the globe, like the earthquake in Morocco, as an opportunity to launder its dirty reputation. Binance Charity recently declared that it would be donating Binance ’s exchange token, BNB, to victims of the earthquake. Its initial offer included classic legalese, like stating the company would donate “up to $3 million.” The blog post that explains the process for receiving funds from Binance portrays an exceedingly difficult to accomplish mechanism — especially in an area that during the crisis lacked electricity, internet access, and even basic necessities like proper food and shelter. Binance Charity offers highly selective ‘relief’ At least 6.6 million people were affected by the Morocco earthquakes, according to the British Red Cross. Unfortunately, to claim Binance’s ‘charity’ an individual would have to have already...

Seven people have been arrested following a robbery that saw a Brazilian businessman lose R$1.2 million ($237,000) worth of crypto and his family held hostage at gunpoint for three hours. According to the Santa Catarina Civil Police, the group entered the victims’ home in Praia Brava in January and used threats of violence against family members and employees to extort crypto , jewelry, electronics, and cash.  In response, authorities launched an investigation that saw temporary arrest warrants issued for eight suspects. During the so-called ‘blockchain operation,’ police tracked down the stolen crypto, following transfers to numerous wallets in Argentina and Peru, and ultimately seizing R$1.2 million worth of funds . Fintech owner laundered millions with bitcoin for ‘finger cutter’ drug lord, police say Read more: Brazil gang caught laundering illegal gold with crypto Brazilian authorities, working with Interpol, arrested two residents of Buenos ...

Binance CEO Changpeng “CZ” Zhao has dismissed recent rumors, asserting the firm’s financial and employee stability despite market uncertainty. In a recent communication disseminated via X (formerly known as Twitter) on Sept. 7, CZ vehemently refuted the negative publicity that has been shadowing Binance, attributing it to a concoction of adverse news, bank runs, legal actions, and the cessation of fiat channels, among other factors. These elements, he noted, have fostered a climate of fear, uncertainty, and doubt (FUD) in the crypto community. Saw some debates in the community. When you do the right thing, and there is FUD, you don't have to do anything. The community defends you. Let me summarize. There have been a lot of negative news/rumors, bank runs, lawsuits, closing of fiat channels, product wind downs,… — CZ Binance (@cz_binance) September 7, 2023 Addressing the financial stability of Binance, CZ stated that the company is not grappling with liquidity i...

RUNE, the native utility token of the THORChain decentralized liquidity protocol, has emerged as the top gainer among the top 100 cryptocurrencies, while Binance partially suspended the asset’s withdrawals. RUNE gained 7.6% in the past 24 hours and is trading at $1.61 at the time of writing. The rise comes while the asset’s 24-hour trading volume registered almost 50% incline, currently at $50 million. RUNE price, social volume and positive sentiment – Sep. 7 | Source: Santiment Moreover, RUNE’s market cap rose to $546 million, making it the 61st largest crypto asset. You might also like: Binance will reportedly delist Monero and privacy coins in Belgium The price hike comes while the largest crypto exchange by trading volume, Binance, suspended RUNE withdrawals on its BNB Beacon Chain (BEP2). The exchange noted that the suspension comes due to high wallet congestion. However, RUNE’s withdrawals on THORChain and the asset’s deposits on both networks seem to be...

Tether Holding’s USDT market cap has declined for the first time in almost a year. This comes as reports claim the stablecoin consistently depegged versus the USD throughout August. In the first week of August, USDT had a 98% depeg severity, meaning it traded at a discount on almost every exchange. By the end of August, its market cap had contracted by 1.2% to $82.9 billion, according to CCData, an analytics platform. The Stablecoin aggregate market has shrunk for the 17th consecutive month, currently hovering around $125 billion. Factors inducing this slump include diminishing trading volumes, which is further impacted by soaring interest rates, regulatory clampdowns, and waning investor attraction. Yet, amidst this, USDT has been standing unchallenged as the most liquid stablecoin. Nonetheless, significant concerns persist regarding the stability of stablecoins, especially following Binance’s recent decision to cease support for BUSD. The stablecoin, trading un...

Crypto trading firm Robinhood has been able to repurchase Sam Bankman-Fried and Gary Wang’s stakes from the United States Marshal Service.  FTX founders Bankman-Fried and Wang owned 55 million shares in Robinhood through Emergent Fidelity Technologies; these shares were seized as part of the criminal case against Bankman-Fried. A warrant for seizure of these shares was issued on December 30, 2022. On January 4, they were transferred to the US which filed to sell these on August 13. Robinhood paid $605 million to repurchase these shares in an agreement with the US Marshal Service.  Bankman-Fried and his lawyers have previously opposed the FTX bankruptcy estate’s claim on these shares and specifically argued that clients of FTX only risked “economic loss,” whereas Bankman-Fried faced the “irreparable” harm of potentially not being able to use these funds to support his criminal defense.  Scoop: Indicted billionaire Joe Lewis sold property to Sam...

Eeon seeks compensation from both Binance and the US SEC, equivalent to 20% of the daily value of withheld funds per customer, totaling $1000 per day. A third-party entity named "Eeon" has stepped forward to intervene in the case, represent ing the interests of Binance's customer s regarding the lawsuit filed by the United States Securities and Exchange Commission (SEC) against Binance. As stated in the filing with the District Court for the District of Columbia, Eeon claims that the SEC and Binance's attorneys have failed to sufficiently represent the interests of Binance's customer s, leading Eeon to seek representation for them. In the filing, Eeon asserted,  "We are the appropriate parties involved in this case, as the Court identified us as 'Customers' in its Order dated June 17, 2023. We are not ordinary customers; rather, we are stakeholders, investors and owners of cryptocurrency held by Binance and its subsidiaries. We firmly believe that...

Crypto hackers have turned their attention towards the crypto user and “security hygiene” is more important than ever, according to Binance’s Jimmy Su. Lurking in the shadiest corners of the dark web is a “well-established” ecosystem of hackers that target crypto currency users with poor “security hygiene,” according to Binance’s chief security officer. Speaking to Cointelegraph, Binance CSO Jimmy Su said in recent years, hackers have shifted their gaze toward crypto end-users. Su noted when Binance first opened in July 2017, the team saw plenty of hacking attempts on its internal network. However, as crypto exchanges continued to beef up their security, the focus has shifted. Phishing scams are particularly prevalent in emails. They are used as a way to collect your sensitive information by impersonating someone you trust. Use the blog below to learn how to stay safe from them. https://t.co/UtKBvR52lX — Binance (@binance) July 4, 2023 “Hackers always choose the lowest bar to...

Also Read: US SEC Gives Nod To First Ever Leveraged Bitcoin ETF advertisement The order from the authorities came at a time when US based exchanges like Coinbase and Gemini are increasingly making efforts to expand to other countries, especially in Europe and Asia. However, regulatory concerns in the United States are likely to remain at least until the U.S. Presidential Election 2024. Orders To Binance Belgium According to a statement by the FSMA, the violation occurs from services provided in Belgium from countries that are not members of the European Economic Area. The statement said, “The FSMA has decided to order Binance to cease, with immediate effect, offering or providing any exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services.” Recommended Articles Crypto Presale Projects For 2...

In its recent tweet, Binance.US shared the email copy which shows that its banking and payment partners have shown the intent to pause US Dollar fiat channels next week onwards from June 13. Binance.US said that starting today, they will start suspending USD deposits and other recurring buy orders. On the other hand, it plans for its transition to a crypto-only exchange very soon. advertisement In its post, Binance.US blamed the SEC for using “extremely aggressive and intimidating tactics” in its ideological campaign against America’s crypto industry. Binance said that its decision to suspend USD will help them protect their customers against the high-ended regulatory action. In its Twitter post, the exchange writes: “Our priority is, and has always been, our customers. We are taking these proactive steps as we–for a time–transition to a crypto-only exchange. To be clear, we maintain 1:1 reserves for all customer assets. Any...

Binance & Coinbase Experience Negative Outflows Within the past 24 hours, Binance ’s US arm experienced a net outflow of approximately $123 million across multiple chains, excluding Bitcoin. Notably, assets like MATIC accounted for around $41.6 million, with an additional $19.4 million withdrawn. Meanwhile, Binance Global encountered a net outflow of around $368 million. In a parallel trend, Coinbase faced a net outflow of approximately $105 million. advertisement Read More: Kim Kardashian Gets No Relief From Court In Crypto Scam Lawsuit As news of the lawsuit gained widespread attention on Tuesday, Binance customers swiftly withdrew approximately $3 billion in assets, while only $1.57 billion was deposited, resulting in a staggering negative net outflow of $1.43 billion. Similarly, the California-based Coinbase experienced users withdrawing approximately $2.64 billion, with only $1.46 billion in deposits, leading to a negative net outflow of $1.18 bi...

SEC Quotes Binance’s CCO As Evidence According to the lawsuit, Binance ’s CCO back in 2018 held significant authority within the company, effectively operating the billion-dollar exchange with current CEO Changpeng Zhao, to avoid any form of regulatory scrutiny. The lawsuit paints a gloomy picture of the crypto exchange that allegedly prioritized evading regulations over compliance. The SEC’s lawsuit cites incriminating conversations within Binance , revealing the knowledge of operating in violation of numerous U.S. laws, including federal securities laws. advertisement Binance’s CCO was allegedly recorded stating in December 2018, “we are operating as a fking unlicensed securities exchange in the USA bro.” The suit further claims that Binance’s top compliance officer admitted to intentionally avoiding regulation, stating, “we do not want [Binance].com to be regulated ever.” Today we charged Binance Holdings...