Binance is moving toward a potential deal with the U.S. Justice Department that would allow the world’s largest crypto exchange to drop a key oversight requirement from its $4.3 billion settlement for money laundering violations, with federal prosecutors discussing ending the requirement for an outside compliance monitor.
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Category: Binance
Stablecoin Reserves on Exchanges Hit Record $68B as Binance Commands 67%: CryptoQuant
Stablecoin reserves on centralized crypto exchanges have reached an all-time high, climbing to $68 billion in early September, accoridng to latest data from CryptoQuant.
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Tether Freezes $49.6M in ‘Pig Butchering’ Funds – Chainalysis, Binance, OKX Join APAC Crackdown
Tether, alongside Chainalysis, Binance, OKX, and authorities, has frozen $50M USDT traced to pig butchering scams. The case reflects expanding global cooperation against cross-border crypto fraud and illicit financial activity.
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CZ Family Office Fuels $1B BNB Treasury Launch – BNB to $1K Before Weekend?
B Strategy has established a Treasury vehicle focused on BNB, backed by YZi Labs and investors connected to CZ. With a $1B mandate and U.S. listing plans, it supports Binance ecosystem growth and institutional adoption.
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Binance Faces Mandatory Audit in Australia Over ‘Serious’ AML and Terror Financing Concerns
AUSTRAC directs Binance Australia to appoint external auditor after identifying serious concerns with the world’s largest crypto exchange’s anti-money laundering and counter-terrorism financing controls, giving Investbybit Pty Ltd 28 days to nominate auditors as part of broader enforcement campaign targeting 13 crypto providers with compliance issues.
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From FCA to Binance: Nish Patel on UK Rules, Institutional Appetite, and New Products
Binance’s UK director, Nish Patel, says Britain is on the cusp of a comprehensive crypto framework that will clarify life for retail users and widen the toolkit for professional investors.
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New York Regulator Secures $48.5M Settlement From Paxos Over Binance Dealings
After failing to detect $1.6 B in suspect activity tied to Binance, Paxos has concluded a $48.5 M settlement with NYDFS that includes a $26.5 M penalty and a $22 M commitment to rebuild onboarding, transaction monitoring and cooperation with enforcement, showing tougher scrutiny for crypto custodians.
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ACMA’s Continued Fight Against Illegal Online Gambling: Dama N.V. and Softswiss
Summary The Australian Communications and Media Authority (ACMA) has ramped up its initiatives to address illegal online gambling platforms, focusing on those violating the Interactive […]
Hollycorn N.V. and Softswiss involved in Fraud and Cybercrime
Overview of Slots Gallery Casino Online Slots Gallery Casino Online is a deceptive platform that is part of a broader network of fraudulent gambling websites […]
Binance Reveals Sharia-Compliant Multi-Token Staking
Binance has launched a sharia-compliant multi-token staking platform, Sharia Earn, officially certified by Amanie Advisors, a major Sharia advisory firm.
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