‘Buyer Beware’—SEC Insider Issues ‘Disturbing’ Binance Withdrawal Warning Amid Crypto Price Collapse Fears That Could Crash Bitcoin, Ethereum, XRP And BNB (2024)

Programming Taproot","scope":{"topStory":{"index":1,"title":"Programming Taproot","image":"https://specials-images.forbesimg.com/imageserve/6622a52997ef5016ae7b2d20/290x0.jpg?cropX1=0&cropX2=3262&cropY1=0&cropY2=1834","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 19, 2024","hourMinute":"01:11","amPm":"pm","isEDT":true,"unformattedDate":1713546716727},"uri":"https://www.forbes.com/sites/digital-assets/2024/04/19/programming-taproot/"}},"id":"cg6k3hhrl16o00"},{"textContent":"

Bitcoin Suddenly Braced For A $35 Trillion Halving Price Earthquake","scope":{"topStory":{"index":2,"title":"Bitcoin Suddenly Braced For A $35 Trillion Halving Price Earthquake","image":"https://specials-images.forbesimg.com/imageserve/60585d3d60d1b3bd4a7ca8ff/290x0.jpg?cropX1=26&cropX2=2136&cropY1=267&cropY2=1454","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 19, 2024","hourMinute":"08:30","amPm":"am","isEDT":true,"unformattedDate":1713529801000},"uri":"https://www.forbes.com/sites/digital-assets/2024/04/19/bitcoin-suddenly-braced-for-a-35-trillion-halving-price-earthquake/"}},"id":"367il406bn7800"},{"textContent":"

Forget Antitrust, Regulate To Let Tech Disrupt Itself","scope":{"topStory":{"index":3,"title":"Forget Antitrust, Regulate To Let Tech Disrupt Itself","image":"https://specials-images.forbesimg.com/imageserve/6621737ce65f78bd1d3452c0/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 18, 2024","hourMinute":"03:52","amPm":"pm","isEDT":true,"unformattedDate":1713469928458},"uri":"https://www.forbes.com/sites/digital-assets/2024/04/18/forget-antitrust-regulate-to-let-tech-disrupt-itself/"}},"id":"e85pmpe9jh9800"},{"textContent":"

A Crypto Winter Survivor Plots A Comeback Targeting Big Ticket Investors","scope":{"topStory":{"index":4,"title":"A Crypto Winter Survivor Plots A Comeback Targeting Big Ticket Investors","image":"https://specials-images.forbesimg.com/imageserve/66215090ff8a3b8e8aa425af/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 18, 2024","hourMinute":"01:11","amPm":"pm","isEDT":true,"unformattedDate":1713460281439},"uri":"https://www.forbes.com/sites/digital-assets/2024/04/18/a-crypto-winter-survivor-plots-a-comeback-targeting-big-ticket-investors/"}},"id":"3qipa7bm31hk0"},{"textContent":"

JPMorgan Joins Goldman Sachs In Serious Bitcoin Halving Price Warning","scope":{"topStory":{"index":5,"title":"JPMorgan Joins Goldman Sachs In Serious Bitcoin Halving Price Warning","image":"https://specials-images.forbesimg.com/imageserve/66015ab5b02fa75e8f8870e6/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 18, 2024","hourMinute":"07:31","amPm":"am","isEDT":true,"unformattedDate":1713439882296},"uri":"https://www.forbes.com/sites/digital-assets/2024/04/18/goldman-sachs-issues-stark-bitcoin-halving-price-warning/"}},"id":"4lhgca7mkmig00"},{"textContent":"

Bitcoin Spurs Major Renewable Projects From Ocean Thermal To Hydro","scope":{"topStory":{"index":6,"title":"Bitcoin Spurs Major Renewable Projects From Ocean Thermal To Hydro","image":"https://specials-images.forbesimg.com/imageserve/661fb1c753be9cfd330a0e7a/290x0.jpg?cropX1=0&cropX2=2961&cropY1=138&cropY2=1803","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 18, 2024","hourMinute":"01:00","amPm":"am","isEDT":true,"unformattedDate":1713416400000},"uri":"https://www.forbes.com/sites/digital-assets/2024/04/18/bitcoin-spurs-major-renewable-projects-from-ocean-thermal-to-hydro/"}},"id":"3g8o9f1nj3b800"},{"textContent":"

What's Next For Bitcoin Prices After Their Latest Pullback?","scope":{"topStory":{"index":7,"title":"What's Next For Bitcoin Prices After Their Latest Pullback?","image":"https://specials-images.forbesimg.com/imageserve/66206a94f5f4c0c35485b915/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 17, 2024","hourMinute":"08:36","amPm":"pm","isEDT":true,"unformattedDate":1713400607868},"uri":"https://www.forbes.com/sites/digital-assets/2024/04/17/whats-next-for-bitcoin-prices-after-their-latest-pullback/"}},"id":"dqglmo1g18l400"},{"textContent":"

Bitcoin Prices Just Dropped To Their Lowest Since February","scope":{"topStory":{"index":8,"title":"Bitcoin Prices Just Dropped To Their Lowest Since February","image":"https://specials-images.forbesimg.com/imageserve/5dc5ecffea103f00065210a8/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 17, 2024","hourMinute":"06:13","amPm":"pm","isEDT":true,"unformattedDate":1713391994511},"uri":"https://www.forbes.com/sites/digital-assets/2024/04/17/bitcoin-prices-just-dropped-to-their-lowest-since-february/"}},"id":"6b501oa8g4ig00"}],"breakpoints":[{"breakpoint":"@media all and (max-width: 767px)","config":{"enabled":false}},{"breakpoint":"@media all and (max-width: 768px)","config":{"inView":2,"slidesToScroll":1}},{"breakpoint":"@media all and (min-width: 1681px)","config":{"inView":6}}]};

‘Buyer Beware’—SEC Insider Issues ‘Disturbing’ Binance Withdrawal Warning Amid Crypto Price Collapse Fears That Could Crash Bitcoin, Ethereum, XRP And BNB (2024)

FAQs

Why is Binance banned in the US? ›

On November 21, 2023, US authorities convicted Binance on multiple charges—including violations of the Bank Secrecy Act, money laundering schemes, unlicensed money transmitting, and sanctions violations.

Is Binance money laundering? ›

Binance agreed to pay more than $4 billion in fines and other penalties as part of a coordinated settlement with the federal government last fall. The company admitted to engaging in anti-money laundering activities, unlicensed money transmitting and sanctions violations.

What is the SEC lawsuit against Binance? ›

The Key Legal Issue: Are Cryptocurrencies Securities? On June 5, 2023, the SEC sued Binance in U.S. District Court for the District of Columbia, alleging that the company had unlawfully operated as an unregistered securities exchange, broker, and clearing agency, among other charges.

What crypto is being sued by SEC? ›

The matter has grown more complicated in two high-profile lawsuits brought by the SEC against major crypto exchanges, Coinbase and Binance. Unlike Ripple and Terraform Labs, the question with the two exchanges hinges solely on the trading of tokens on their venues, rather than the issuance.

Is Binance illegal in the US? ›

The U.S., which separately accuses Binance and Zhao of violating the U.S. Bank Secrecy Act and sanctions on Iran, ordered Binance to pay $4.3 billion in fines and forfeiture. Zhao agreed to pay a $50 million fine.

Has Binance been banned in usa? ›

BINANCE BANNED IN THE UNITED STATES. The Chinese based company BINANCE founded in China in 2017 has since stopped it's major operations in the United States and stopped accepting US users since 2019.

Is Binance in legal trouble? ›

The Securities and Exchange Commission hit Binance with a massive lawsuit in June of this year, and not long after, the U.S. arm of the leading crypto exchange “imploded,” according to new court documents filed on Tuesday.

In which countries is Binance banned? ›

COUNTRY WHOSE BAN THE TRADING ON BINANCE
  • Ontario (Canada)
  • China.
  • Europe (for derivatives trading)
  • Malaysia.
  • Japan.
  • UK.
  • Thailand.
  • #TrendingTopic #BTC.
Feb 28, 2024

Did Binance pay the fine? ›

Binance Holdings Ltd. will pay $4.3 billion after a judge approved a plea deal that levies one of the largest criminal penalties in US history against the world's biggest cryptocurrency exchange.

What is the controversy with Binance? ›

According to the indictment, Binance violated sanctions by facilitating more than 1.1 million transactions between Americans and Iranians. Nearly $900 million was exchanged in total throughout these transactions.

Why did Binance get banned? ›

In January, Binance was among nine offshore cryptocurrency platforms to be prohibited from operating in India through web addresses and mobile applications. The government's action was in response to the platforms' failure to comply with FIU and PMLA guidelines.

Is Binance.US safe? ›

We maintain the highest standards for data privacy and information security, as independently validated by our ISO/IEC 27701:2022 and 27001:2013 accreditation. To ensure our security program meets or exceeds international standards for security and compliance, Binance.US has successfully completed its SOC 2 exam.

Who owns the cryptoassets in your Binance wallet? ›

Binance holds all of its clients' crypto-assets in segregated accounts which are identified separately from any accounts used to hold crypto-assets belonging to Binance. Binance uses Binance's own wallet infrastructure to safeguard user assets and Binance's own assets.

What are the fake bitcoin companies? ›

Key Consumer links
Primary SubjectScam Type
good-bookingline.comFraudulent Trading Platform Advance Fee Scam
bitcoinfied.comFraudulent Trading Platform Advance Fee Scam
Bakktunt.com Bakktexe.com (Entity Impersonating Bakkt)Pig Butchering Scam Fraudulent Trading Platform Advance Fee Scam Imposter Scam
28 more rows
2 days ago

Why is SEC investigating Binance? ›

The SEC has accused Binance, Zhao and the exchange's U.S. arm of artificially inflating its trading volumes, diverting customer funds, failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls.

What is the problem with Binance in the US? ›

'Web of deception'

In separate legal complaints, both the SEC and the Justice Department claimed Binance.US—which Binance had complained was independent—had engaged in so-called wash trading in collusion with its parent company to artificially inflate volume on the platform.

What's going on with Binance in the US? ›

The Securities and Exchange Commission's (SEC) effort last year to freeze Binance.US' operations via a Temporary Restraining Order (TRO) led to mass layoffs at the company as revenue imploded and it struggled with market trust, one of its executives said during a court deposition.

Top Articles
35 Time and Money Saving Tips to Make Life Easier
DIS (The Walt Disney Co) Intrinsic Value: Projected FCF
Devotion Showtimes Near Mjr Universal Grand Cinema 16
How to know if a financial advisor is good?
Holly Ranch Aussie Farm
Plus Portals Stscg
Violent Night Showtimes Near Amc Fashion Valley 18
Culos Grandes Ricos
Shooting Games Multiplayer Unblocked
Notisabelrenu
Nene25 Sports
House Of Budz Michigan
Justified Official Series Trailer
Csi Tv Series Wiki
Aldine Isd Pay Scale 23-24
10 Fun Things to Do in Elk Grove, CA | Explore Elk Grove
Soulstone Survivors Igg
Www.dunkinbaskinrunsonyou.con
Rochester Ny Missed Connections
Rust Belt Revival Auctions
Utexas Iot Wifi
Naya Padkar Gujarati News Paper
Walmart Pharmacy Near Me Open
Ltg Speech Copy Paste
At 25 Years, Understanding The Longevity Of Craigslist
FAQ's - KidCheck
Goodwill Of Central Iowa Outlet Des Moines Photos
What are the 7 Types of Communication with Examples
Dtlr On 87Th Cottage Grove
2430 Research Parkway
Ellafeet.official
Steven Batash Md Pc Photos
How to Watch the X Trilogy Starring Mia Goth in Chronological Order
Prima Healthcare Columbiana Ohio
Clark County Ky Busted Newspaper
Top-ranked Wisconsin beats Marquette in front of record volleyball crowd at Fiserv Forum. What we learned.
Domina Scarlett Ct
Jewish Federation Of Greater Rochester
9781644854013
Myanswers Com Abc Resources
Timberwolves Point Guard History
Wrigley Rooftops Promo Code
Www Usps Com Passport Scheduler
Lyndie Irons And Pat Tenore
Levi Ackerman Tattoo Ideas
Tommy Bahama Restaurant Bar & Store The Woodlands Menu
Bonecrusher Upgrade Rs3
Blippi Park Carlsbad
Autozone Battery Hold Down
Ark Silica Pearls Gfi
Obituary Roger Schaefer Update 2020
Latest Posts
Article information

Author: Mrs. Angelic Larkin

Last Updated:

Views: 6252

Rating: 4.7 / 5 (47 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Mrs. Angelic Larkin

Birthday: 1992-06-28

Address: Apt. 413 8275 Mueller Overpass, South Magnolia, IA 99527-6023

Phone: +6824704719725

Job: District Real-Estate Facilitator

Hobby: Letterboxing, Vacation, Poi, Homebrewing, Mountain biking, Slacklining, Cabaret

Introduction: My name is Mrs. Angelic Larkin, I am a cute, charming, funny, determined, inexpensive, joyous, cheerful person who loves writing and wants to share my knowledge and understanding with you.