Banks cut fiat on-ramps for Binance US, dollar deposits suspended

Banks partnered with Binance US are jumping ship. In a tweet, the crypto exchange warned users US dollar withdrawals and deposits are over.
Banks partnered with Binance US are jumping ship. In a tweet, the crypto exchange warned users US dollar withdrawals and deposits are over.
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Declarations from the SEC allege that funds were withdrawn from Binance-controlled accounts to purchase an $11 million yacht and a plane.
The SEC sued Coinbase on Tuesday for selling unregistered securities. So why did it allow the crypto exchange to go public in 2021?
The trader placed $100K in options bets against Coinbase on Monday morning. The company’s share price dropped nearly 19% just 24 hours later.