Binance | FinTelegram News

Tag: Binance

January 30, 2023

Whistleblower Request About SettlePay, CheckoutFX, And Their Shabby Binance Pay Services!

We have found the CheckoutFX payment platform dozens of times among the many broker scams we analyze. This is operated anonymously from Russia and/or Ukraine. Most recently, we found CheckoutFX in the PocketOption broker scheme PocketOption together with SettlePay, a supposedly exclusive Binance partner for the CIS countries, including Ukraine. Through CheckoutFX and SettlePay, deposits from PocketOption clients were misrepresented as food transactions. We would like to know more.

Crypto

January 24, 2023

Reuters Claims Binance Processed $346 Million For Seized Crypto Exchange Bitzlato!

According to Reuters, Binance processed almost $346 million in bitcoin for the Russian crypto exchange Bitzlato. The company's founder Anatoly Legkodymov was arrested by U.S. authorities last week for allegedly running a money laundering scheme. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order identifying Bitzlato Limited d/b/a Bitzlato (www.bitzlato.com) as a primary money laundering concern in connection with Russian illicit finance

Crypto

January 22, 2023

SWIFT Payments Network Restricts Payments To Crypto Exchange Binance!

The global SWIFT payments network changed its rules regarding payments to crypto exchanges. Several banks, including New York’s Signature Bank, will no longer process FIAT currency transfers to crypto exchanges with a value of less than US$100,000 via the SWIFT network, effective from February 1, 2023. This could have widespread implications for cryptocurrencies. The world's largest crypto exchange, Binance, has already informed its retail customer base.

January 20, 2023

United States And French Law Enforcement Actions Against Russian Crypto Exchange Bitzlato!

While the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order that identifies the virtual currency exchange Bitzlato Limited d/b/a Bitzlato..

January 11, 2023

Binance Secured Crypto Registration in Sweden

The embattled crypto exchange Binance announced that its Binance Nordics AB had been granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (FSA). Sweden becomes the seventh EU Member State in which Binance has been granted authorization, following authorizations in France, Italy, Lithuania, Spain, Cyprus and Poland.

Offshore Broker

January 11, 2023

Be Cautious With Unauthorized Offshore Broker NordFX!

NordFX is an offshore broker registered in Vanuatu that operates through several websites, primarily in Asia, and offers leverage of up to 1:1,000. The website says no clients from North America and the EU are accepted. However, we could register as EU residents in our review. NordFX has an extensive portfolio of payment processors. In our review, pre-KYC deposits via crypto were possible in theoretically unlimited amounts. Be careful when dealing with NordFX.

December 19, 2022

The Great FTX Disappointment & The Binance War On Twitter!

In December 2019, Binance announced a strategic partnership with FTX, allegedly acquired 20% in FTX, and took a long-term position in the FTX token, FTT. The initial investment allegedly was in the range of "tens of millions" at a valuation of $1.2 billion. In July 2022 Binance exited and received $2.1 billion. A huge profit for Binance. The break was reportedly over regulatory issues. Sam Bankman-Fried (SBF) accused Changpeng Zhao (CZ) of causing him problems with regulators.

December 16, 2022

French Auditor Paused Working For Crypto Clients Due To Public Perception Of POR Reports!

French auditing firm Mazars Group, that did the controversial Proof of Reserve (POR) "audits" of crypto giants Binance and Crypto.com, has paused work for all crypto clients globally. However, the published POR audits have raised more questions than they gave answers to and were met with massive criticism on Twitter. Probably, as a result, Mazars has withdrawn from further crypto engagements. The crypto environment is currently extremely toxic.

December 13, 2022

FTX Founder Arrested & Binance Fights Against Reuter Attacks And Bank Run!

For a few days, there has been massive firing on Twitter and in the mainstream media (MSM) against the world's largest crypto exchange Binance. The (rightly) criticized Proof of Reserves makes the public nervous. Especially after the collapse of FTX, whose founder and former CEO Sam Bankman-Fried (SBF) was recently arrested in the Bahamas. Most recently, Reuters reported that Binance could soon face criminal charges in the U.S. Binance and its founder Changpeng Zhao (CZ), are now fighting back to avoid panic and another bank run.

December 12, 2022

Crypto Doom: US Prosecutors Consider Criminal Charges Against Binance And Its People!

That would be a severe low blow after the wave of collapses in the crypto world. The U.S. Department of Justice (DOJ) prosecutors are considering criminal actions Binance, Reuters reports. Since 2018 prosecutors investigated Binance for unlicensed money transmission, money laundering conspiracy, and criminal sanctions violations. Some of the prosecutors believe the evidence already gathered justifies moving aggressively against the exchange and filing criminal charges against individual executives, including founder Changpeng Zhao.

December 11, 2022

Binance & Crypto.com: Proof Of Reserves Reports Are Worth Nothing & Prove Nothing, Critics Claim!

Amid Crypto Contagion following the FTX collapse, two of the world's largest crypto exchanges, Binance and Crypto.com released "Proof of Reserves (PoR)" reports. Both worked with Mazars Group, a global accounting firm. However, according to Mazars, these haven't been audit reports; they did not express an opinion or an assurance conclusion. While the PoR reports may be a good first step toward more transparency in the crypto sector, but for now, they are more of a sort of placebo to calm users.

December 7, 2022

Out! Strategic Binance Partner Eqonex Fell Victim To Crypto Contagion!

As recently as March 2022, Binance announced a strategic partnership with Singapore-based Eqonex Group and granted a $36 million convertible loan. In February, Eqonex had reportedly become the first crypto company to receive a listing on NASDAQ via a SPAC construction. Eqonex also has an FCA-registrated custody arm, Digivault Limited. It looked like a promising partner for Binance. Now the group seems to be a victim of crypto contagion. Binance has stopped funding it.