Bitcoin24h $118,164.01+0.27%

Ethereum24h $3,824.82+2.31%

XRP24h $3.18-0.19%

BNB24h $797.04+1.91%

Solana24h $187.09-0.39%

Dogecoin24h $0.2368+0.02%

TRON24h $0.3220+1.32%

Cardano24h $0.8239-0.01%

Sui24h $4.29+5.95%

Hyperliquid24h $42.77-3.57%

Binance still using Ethereum account suspected of commingling funds

Binance was indicted by the SEC in June and was accused of commingling funds into accounts at entities run by Binance CEO Changpeng Zhao.

Binance US could be shut down even with CFTC settlement

Changpeng Zhao (CZ) has denied the CFTC’s claims that Binance was operating an illegal trading shop… how much longer can he keep this up?

The CFTC has sued Binance and CZ for failure to register, AML failures, illegal derivatives, and allowing US-based people to use it.

Binance employees and volunteers allegedly explained to mainland Chinese users in great detail how to avoid Binance KYC/AML checks.

According to reports, $400 million was moved from Binance US’s account at Silvergate bank to CZ-controlled Merit Peak.