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US Senators Probe Crypto Exchange Binance About ‘Potentially Illegal Business Practices’

[Mar 2, 2023 6:30 PM] Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your actions have called…

Mad Money’s Jim Cramer: I Trust My Money More in Draftkings Than I Would Binance

[Dec 17, 2022 7:00 PM] The host of Mad Money, Jim Cramer, has cast doubt on the trustworthiness of crypto exchange Binance. “Why can’t people in charge just admit that Binance has no real legitimacy after what happened to FTX?” he asked, adding…

Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’

[Dec 7, 2022 1:00 AM] The CEO of crypto exchange Binance, Changpeng Zhao (CZ), has countered several “wrong narratives” about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The Binance boss calls SBF “a master…

Binance CEO: Most Governments Understand Crypto Adoption Will Happen Regardless

[Nov 26, 2022 5:00 PM] Binance CEO Changpeng Zhao (CZ) says that most governments know that crypto adoption will happen regardless of what they do. “It’s better to regulate the industry instead of trying to fight against it,” the Binance executive…

Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown

[Nov 25, 2022 6:30 AM] Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and committed capital for the recovery…

Amid the FTX Confusion, Whistleblower Edward Snowden Says ‘Custodial Exchanges Were a Mistake’

[Nov 9, 2022 4:30 PM] Whistleblower and former NSA contractor, Edward Snowden, has been very vocal about the crypto economy in recent times. After publishing a copy of Bitcoin’s white paper on Twitter on the document’s 14th birthday, Snowden had some words with Craig…

Binance Backs out of FTX Deal Citing ‘Due Diligence,’ Reports of ‘Mishandled Customer Funds’

[Nov 9, 2022 3:30 PM] The world’s largest cryptocurrency exchange Binance will not go through with purchasing the rival crypto exchange FTX. The company noted that after due diligence and “news reports regarding mishandled customer funds,” Binance…

Maple Finance Lending Pool Delegate ‘Identified a Number of Key Weaknesses’ Tied to FTX’s Alameda Research

[Nov 9, 2022 2:30 PM] According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthogonal said through “due diligence” it “ide

Binance CEO Explains Situation With FTX — Says ‘We Did Not Master Plan This’

[Nov 9, 2022 12:30 PM] Binance CEO Changpeng Zhao (CZ) has shared where his company is at on the deal with FTX. “We did not master plan this or anything related to it,” he told the Binance team, reminding them not to trade the FTX token (FTT) as the due…