In a tweet on Monday afternoon, Zhao wrote '4' - a reference to a previous post listing his. The sentiment was shared by others, with crypto exchange Kraken’s founder and CEO Jesse Powel l calling the audits “either ignorance or intentional misrepresentation. Binances cryptocurrency BNB, the worlds fourth largest by market size, dropped around 4 on the news. Catherine Coley, who launched Binance.US in 2019 and left suddenly two years later, is being advised by James McDonald, now a partner at New York law firm Sullivan & Cromwell, the person said. ![]() Binance.US Will Perform Scheduled Maintenance & Temporarily Suspend Deposits & Withdrawals. Introducing the Binance.US API Partner Program for Automated Trading Platforms. Binance U.S Announces Successful Restoration of USD Withdrawals. Binance.US Updates OTC Trading Portal With New Max Order Limits for 35+ Trading Pairs. ![]() Securities and Exchange Commission (SEC) regulator, said that Binance’s recent “proof of reserves” report “doesn’t address the effectiveness of internal financial controls” and doesn’t “express an opinion or assurance conclusion,” adding that it fails to “vouch for the numbers.” Binance.US Will Perform Scheduled Maintenance for Buy & Sell Crypto. In addition, several high-profile figures in the crypto world have spoken out against Binance, claiming that its recent attestation, which showed that it had more than enough Bitcoin to cover all customer deposits, was inadequate. The firm experienced a historically high number of withdrawals this week, with the crypto exchange processing net outflows of roughly $3.66 billion on December 12, the most since June, according to Nansen data. ![]() Zhao pointed to the recent intense examination that many crypto firms are facing, calling this “a historic moment,” but said that Binance is “built to last.”įollowing FTX’s collapse and its CEO’s arrest on Monday, the market has turned its attention to the largest crypto exchange by trading volume.
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