Binance | Crypto

A trader claimed to have made $1 million by timing a long-short trade after spotting abnormal activity by a market maker account on Binance, while the exchange denied any security breach. A trader claimed to have profited about $1 million on New Year’s Day by capitalizing on “abnormal” trading behavior of a suspected market maker account on Binance. Investor Vida said on X that the abnormal trading activity was tied to BROCCOLI714, a low-liquidity token on the BNB Chain. The memecoin had an abrupt price surge followed by a sharp reversal early Thursday morning in Asia, which Vida said was driven by unusually large spot buy orders on Binance’s order book. Read more

Binance has halted Visa and Mastercard withdrawals for Ukrainian users who relied on Bifinity services, citing changes linked to regulatory shifts. Binance has suspended card-based withdrawals for users in Ukraine, according to a notice sent to customers this week. The changes took effect on Monday and include the temporary halt of direct withdrawals to bank cards issued by Visa and Mastercard, several local Ukrainian news outlets reported. A Binance spokesperson confirmed the news to Cointelegraph, adding that the “announcement regarding changes to payment methods applies exclusively to users from Ukraine who previously used Bifinity services.” Read more

Kyrgyzstan national currency som-backed stablecoin, KGST, is now live on Binance exchange, supporting the nation's cross border payments. The post Kyrgyz Som-Backed Stablecoin KGST is Now Live on Binance, President Confirms appeared first on Cryptonews.

The listing follows Kyrgyzstan’s passage of crypto legislation, the launch of a new US dollar–pegged stablecoin backed by physical gold, and plans to build a national crypto reserve. Kyrgyzstan President Sadyr Japarov said a recently launched stablecoin pegged to the country’s fiat currency has been listed on cryptocurrency exchange Binance. In a Wednesday X post, Japarov said Kyrgyzstan's KGST stablecoin, pegged to the som, would contribute to the development of cross-border payments and deepen the country’s ties to the crypto ecosystem. Binance CEO Changpeng “CZ” Zhao wrote on social media that “many more” nation-backed stablecoins would be coming to the exchange. Zhao began advising the central Asian nation in April as part of an agreement to provide technical expertise and consulting services. Read more

The USD1 stablecoin added $150 million to its market capitalization after Binance announced an incentive program offering up to 20% yield. The World Liberty Financial USD (USD1) stablecoin linked to the family of US President Donald Trump gained $150 million in market capitalization on Wednesday after Binance announced a yield program centered around the token. The stablecoin’s market capitalization climbed from $2.74 billion to $2.89 billion on Wednesday after Binance announced its “booster program,” offering up to 20% annual percentage rate (APR) on USD1 flexible products for deposits exceeding $50,000. The “first promotion” was designed to “help USD1 holders to maximize their rewards” and runs until Jan. 23, 2026, with passive yield for the bonus tiered APR distributed directly in Binance users’ earn accounts daily, according to the announcement. Read more

An FT report alleged Binance failed to stop suspicious transactions, despite agreeing to pay $4.3 billion to settle a U.S. criminal case in 2023.

Binance let a network of 13 high‑risk accounts move $1.7 billion in crypto, including $144 million, after its 2023 US plea deal, according to the Financial Times. Binance reportedly continued to allow suspicious accounts to move funds in crypto even after the exchange pledged to tighten controls as part of its $4.3 billion US criminal settlement in 2023.  According to internal data reviewed by the Financial Times, a network of 13 user accounts processed about $1.7 billion in transactions from 2021, including roughly $144 million after the November 2023 plea agreement. ​The files reportedly include Know-Your-Customer (KYC) documents, IP and device logs, and transaction histories for users in countries including Venezuela, Brazil, Syria, Niger and China. Read more

Binance exited the United States in 2019, and a separate company, Binance.US, has been serving US customers since that time. Binance, the world’s largest cryptocurrency exchange by trading volume, is considering a strategic reshuffling to strengthen its presence in the US market, a move that could see Binance co-founder Changpeng “CZ” Zhao’s majority stake in the company reduced. Zhao’s controlling stake in Binance has been a “major hurdle” to the company expanding to strategically critical US states, according to Bloomberg, citing people familiar with the matter. Although no concrete plans have been announced, the conversation surrounding any potential action remains reportedly “fluid.”  The company is also considering partnerships with US-based companies, including asset manager BlackRock and decentralized finance (DeFi) platform World Liberty Financial (WLFI), which is linked to US President Donald Trump, to strengthen its footprint in the country. Read more

Binance warned users to avoid token listing agents and offered as much as $5 million to whistleblowers who report listing fraud. Binance, the world’s largest cryptocurrency exchange by trading volume, released a statement on its token listing process, cracking down on third-party involvement. In a Wednesday announcement, Binance outlined the official pathways and requirements for token listings on its platform, emphasizing that projects should never engage with any third-party entities and should apply for listings directly with the exchange. The exchange also identified several individuals and entities falsely claiming to be “Binance listing agents” offering to list on Binance in exchange for payment. Read more

Pakistan gives a nod for crypto exchanges Binance and HTX to register local subsidiaries as regulators advance a phased crypto framework. Pakistan’s authorities are moving to regulate major global cryptocurrency exchanges, issuing preliminary clearances to platforms including Binance to set up shop in the country. The Pakistan Virtual Assets Regulatory Authority (PVARA) has granted no objection certificates (NOCs) to Binance and HTX, paving the way for the exchanges to register locally and pursue full licensing, the regulator announced on X on Friday. The NOCs aim to ensure Pakistan’s phased approach to regulating crypto asset service providers aligns with the Anti-Money Laundering (AML) policies of the Financial Action Task Force (FATF), PVARA said. Read more

Binance quietly rolled out API endpoints pointing to stock perpetual futures, potentially signaling a renewed push into stock trading after a failed 2021 launch. Crypto exchange Binance has added new features to its application programming interface (API), indicating that the platform is preparing to introduce stock trading capabilities. Binance’s changelog notes that on Thursday, the exchange introduced three new API endpoints, one of which — with a URL including stock/contract — allows users to “sign [a] TradFi-Perps agreement contract.” The two other endpoints introduced on the same day allow users to query “trading session schedules for a one-week period” or “current trading session information.” Together, this suggests that Binance is planning to introduce perpetual futures trading on its platform. The existing trading schedule endpoints also suggest trading will likely occur in sessions, as in traditional finance, rather than following crypto’s 24/7 nature. Read more

Binance co-CEO Yi He said her WeChat account was hijacked on Dec. 10 after a cell number tied to the profile was reclaimed and could not be recovered at first. The account was later restored after Binance worked with WeChat’s security team, according to a spokesperson cited the same day. Posts that appeared after the […] The post Binance CEO had WeChat hacked by cellphone exploit that likely leaves your own crypto exposed appeared first on CryptoSlate.

SlowMist’s Yu Xuan advised high-profile users to prune contacts, rotate passwords and act fast on alerts to reduce WeChat takeover risks. Update Dec. 10, 9:30 am UTC: This article has been updated to add comments from a Binance spokesperson. Newly appointed Binance co-CEO and co-founder Yi He said on X that her WeChat account was hijacked after an old mobile number was taken, highlighting how Web2 messaging platforms can be used to impersonate crypto executives.  “WeChat was abandoned long ago, and the phone number was seized for use. It cannot be recovered at present,” she said in a translated X post.   Read more

On Dec. 7, at 05:29 UTC, someone deployed a token called “year of yellow fruit” on-chain. Less than one minute later, the Binance Futures official account posted text and images promoting the token. Within two hours, the token surged 4,600% and reached nearly $4 million in market cap. Binance’s internal audit confirmed an employee used […] The post Binance confirmed a rogue employee used the company account to pump a personal token 4,600% in minutes appeared first on CryptoSlate.

Binance suspended an employee and alerted authorities after an internal probe found the staffer allegedly used insider information to publish a post from an official account. Binance said on Monday it had launched an internal investigation Sunday into an employee it suspected of abusing access to inside information by posting from an official Binance Futures social media account for personal gain. The exchange said in an X post that its audit team received a report alleging the employee used non‑public information to craft a post on the official Binance Futures X account “less than a minute” after the token was issued onchain. The employee in question was immediately suspended, and Binance said it has contacted authorities in the jurisdiction where the employee is based to pursue potential legal action.​ Read more

Binance’s new Junior app aims to bring supervised crypto use to minors, prompting both praise for early education and criticism of child targeting. Binance has launched Binance Junior, a parent-controlled crypto app for users ages 6 to 17, in a move that sparked debate over introducing digital assets to minors. The company announced Wednesday that Binance Junior is a standalone mobile app linked to a parent’s primary Binance account. The tool allows adults to deposit crypto, set spending and transfer limits and enable Earn products for their kids, depending on local regulations.  Binance framed the new product as a family-focused financial literacy tool. It mirrors traditional custodial accounts, where children can hold assets while parents remain the legal owners and control permissions.  Read more

Binance’s latest move targets demand from traditional wealth clients and asset managers taking their first steps into the crypto space. Binance has launched a concierge-style service designed for family offices, asset managers, and private funds taking their first steps into the crypto space. According to the exchange on Wednesday, the new service offers personalized onboarding with dedicated managers, support for over 100 fiat currencies, and access to tailored structured products.  The service also includes credit lines, institutional-grade custody through partnered custodians, and real-time analytics and reporting tools designed to give professional investors clear visibility into their portfolios. Read more

A 284-page complaint filed Nov. 24 against Binance in North Dakota federal court represents 306 American families who lost relatives in the Oct. 7, 2023, Hamas attacks. The lawsuit demands roughly $1 billion from Binance, former CEO Changpeng Zhao, and executive Guangying “Heina” Chen, with the amount automatically tripling to $3 billion if the plaintiffs […] The post 3x damages threat from a 284-page Binance terror-financing case puts exchanges on notice appeared first on CryptoSlate.

Binance CEO Richard Teng argued that Bitcoin’s current slide reflects broader risk-off deleveraging, and its volatility is in line with most major asset classes. Richard Teng, the CEO of crypto exchange Binance, reportedly said Bitcoin’s volatility aligns with that seen in most major asset classes. According to a Friday Reuters report, Teng said during a media roundtable in Sydney that all asset classes go through different cycles and volatility. “What you’re seeing is not only happening to crypto prices,” he claimed. Teng also explained that Bitcoin’s recent drop was driven by investors deleveraging their positions and by risk aversion, which is in line with trends across most major asset classes. “At this point in time, there’s a bit of risk (off) and deleveraging happening,” he reportedly said. Read more

Donald Trump’s pardon of Binance founder Changpeng “CZ” Zhao removed his remaining criminal exposure while leaving intact the more than $4.3 billion that Binance has already paid to U.S. agencies. On X, CZ treated the idea of clawing that money back as hypothetical. He replied to a post about a refund with a “delicate question” […] The post Binance to invest over $4 billion in America if it gets a refund after CZ pardon appeared first on CryptoSlate.