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Opaque DeFi protocol Venus braces for $150M BNB liquidation

DeFi lender Venus has a plan for a potential major liquidation of BNB made by hackers last year… but dodgy finances plague the protocol.

Binance wants SEC chair Gary Gensler recused for ‘advising’ the crypto exchange

Binance says Gary Gensler approached the firm in 2019 and served as an “informal adviser” but internal messages paint another picture.

Declarations from the SEC allege that funds were withdrawn from Binance-controlled accounts to purchase an $11 million yacht and a plane.

In its lawsuit against Binance, the SEC has clearly explained for the second time how a stablecoin can be offered to investors as a security.

The SEC has brought a lawsuit against Binance, alleging it mishandled customer funds, sold unregistered securities, and failed to register.