Binance considers legal action against Checkout.com as partnership ends
Binance Connect was shut down on Aug. 16 after Checkout.com discontinued supporting the crypto exchange.
Auto Added by WPeMatico
Binance Connect was shut down on Aug. 16 after Checkout.com discontinued supporting the crypto exchange.
The scheme consists of mirroring addresses and sending dust transactions to users to trick them into sending funds to the scammer's wallet.
BaFin reportedly advised Binance that CEO Changpeng Zhao wouldn’t pass a “fit and proper” test as part of the financial watchdog’s licensing regime.
Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC.
The top 100 DeFi tokens broke out of a three-week-long bearish momentum amid a marketwide surge led by Bitcoin.
United States District Judge Amy Berman Jackson has ordered the two entities to work toward a compromise.
Binance.US would have to transfer all U.S.-based assets to new wallets but would be allowed to pay its bills under a proposed consent order.
Data analytics platforms have reported billions of dollars in outflows from Binance over the last week, but this can be misinterpreted, argues Changpeng Zhao.
The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his lawyers on his behalf.
According to the summons, CZ’s current residential address is in the Mediterranean island nation of Malta.