The US has experienced an increase in crypto-related scams, including a recent civil forfeiture case involving Binance. The funds seized were traced back to a fraudulent email scam that tricked a business into wiring money to a California account, which was then converted to Bitcoin and transferred through multiple intermediary wallets before ending up at Binance.

The Office of Foreign Assets Control (OFAC) has blacklisted several crypto wallets that have been linked to North Korea and were hosted on the Binance exchange. The wallets have been traced to a North Korean citizen named Sang Man Kim, who allegedly holds cryptocurrencies including Bitcoin and Ether, as well as stablecoins such as Tether's USDT and Circle's USDC. OFAC claims that at least $2 million worth of cryptocurrencies were moved through these wallets to North Korean entities and may have been used to fund weapon of mass destruction programs. Binance has since taken actions to remove such entities from its platform, after being accused of encouraging bad actors to bypass sanctions.

Binance, a leading cryptocurrency exchange, has announced that it will be discontinuing its Shiba Inu (SHIB) trading pair with the Australian Dollar (SHIB/AUD) as part of its regular assessment of trading pairs. The changes will take effect on Friday, but SHIB investors will still be able to trade on other active pairs listed on the exchange. Binance will also terminate the Trading Bots services for various spot trading pairs at different times, including the SHIB/AUD Trading Bots service, which will be terminated on May 26. Binance remains committed to providing a secure and efficient trading environment for its users and continues to expand its support for Shiba Inu.

Binance's institutional custody solution, Ceffu, has emphasized that its clients' digital assets in cold wallets are kept separate through segregated accounts and wallets. This statement comes after Reuters accused Binance of commingling user funds in accounts held at Silvergate Bank, which Binance executives have denied. Ceffu allows clients to trade crypto assets on Binance exchange securely from their cold wallet and is the only institutional custodian integrated with Binance.

Binance, a leading cryptocurrency exchange, has issued a warning about the increasing threat of deepfake technology in crypto fraud. Deepfakes, created using artificial intelligence tools, can mimic a person's appearance and behavior with highly convincing audio, images, or videos. Fraudsters are exploiting this technology to bypass KYC verification processes by generating realistic videos using deepfake tools. Although deepfake technology poses a significant challenge, Binance is taking steps to address this by educating users on identifying and combating cyber threats effectively. It is crucial for both cryptocurrency exchanges and users to remain vigilant against sophisticated fraud attempts.

Binance, the world's largest cryptocurrency exchange, has removed several trading pairs, including those involving the Australian Dollar (AUD), from its platform due to regulatory challenges in Australia. However, users can still trade the affected assets on other available trading pairs within the platform. Binance has also announced the termination of Trading Bots services for the mentioned spot trading pairs. This move is seen as a strategic response to the regulatory challenges faced by the exchange in the country. If you're looking for crypto presale projects to invest in for 2023 or want to stay informed about the top crypto Telegram channels for 2023, check out our updated list.

Binance, the world's largest cryptocurrency exchange, has denied allegations made by Reuters that it commingled customer funds with its own revenue in 2020 and 2021. Binance's chief strategy officer, Patrick Hillmann, dismissed the report on Twitter as conspiratorial and lacking substantive evidence, countering accusations sourced from a "former insider."

Binance, the leading blockchain ecosystem and cryptocurrency infrastructure provider, has launched a new crypto tax tool in Italy called Tax Assistant. The tool allows Italian users to access their crypto asset details and download a summary report of gains or losses on Binance.

According to three sources familiar with the matter, Binance, the world's largest crypto exchange, mixed billions of dollars in user funds with its revenue in 2020 and 2021, violating U.S. financial rules. The commingling of funds occurred almost daily in accounts held at Silvergate Bank. Binance failed to differentiate customer funds from company revenues, and there is a lack of internal controls. A former chief of the Securities and Exchange Commission's Office of Internet Enforcement commented that Binance customers shouldn't need a forensic accountant to locate their money.

Binance, the world's largest cryptocurrency exchange by client count, has been ruled not liable for the loss incurred by a Texan woman named Divya Gadasalli who lost $8 million in a pig butchering scheme. The ruling was made by United States District Judge, Amos Mazzant, who dismissed the lawsuit brought forward by Gadasalli claiming that Binance aided the scammer steal $8 million in a scheme hatched on Tinder.