Binance has partnered with African video streaming service Showmax in a collaboration aimed at deepening crypto adoption in Africa. As part of the collaboration, about 500 Nigerian Binance users who enroll to become active participants in Web3 will be rewarded with a month-long video streaming subscription. Binance's Emmanuel Ebanehita stated that the promotion comes at a time when many Africans are eagerly embracing the underlying technology behind crypto. The collaboration also showcases the crypto exchange's commitment to providing accessible and convenient platforms for users to participate in the digital economy. Opeoluwa Filani, the general manager at Showmax Nigeria, lauded the collaboration, which will see more people using his company's video streaming platform.

Binance futures users experienced issues trading on the platform in the early hours of April 10. The CEO, Changpeng 'CZ' Zhao, said that the exchange's futures UM Rest service/API had issues that affected its user interface and API but only impacted USD-Margined contracts. CZ later revealed that services had resumed after the exchange migrated off some affected servers. Binance's status page showed that all its systems operated optimally as of press time. The CZ-led exchange has come under increased scrutiny following recent events in the industry, including an enforcement action filed by the Commodities Futures Trading Commission and rumors of a red alert notice issued by Interpol for CZ, which CZ said was likely planted and sponsored by a rival exchange.

Binance experienced an issue affecting its USD-Margined contracts in its Futures platform, but the problem has been resolved and all operations are back to normal, according to the exchange. Binance CEO CZ noted that the issue was related to the Futures UM Rest service/API, which affected the platform's UI and API, but said that Futures CM (COIN-Margined) contracts were not affected. This comes after Binance suspended all spot trading temporarily in March due to a matching engine bug and wound down its Australian derivatives division earlier this month following its license cancellation by the Australian Securities and Investments Commission (ASIC).

Korean prosecutors have contacted Binance, requesting it to prevent crypto fugitive Do Kwon from withdrawing funds. Prosecutors fear that Kwon will start liquidating crypto from the proceeds of selling property.

South Korean prosecutors have identified $314.2 million in illicit assets associated with Terraform Labs co-founder Do Kwon and his associates. However, most of the assets linked to Kwon are not recoverable or under the jurisdiction of South Korean authorities because they were reportedly converted into Bitcoin and stored in overseas crypto exchanges. Binance has been requested to halt any withdrawal requests associated with Kwon, and they have confirmed that they are cooperating with the prosecutors. The South Korean authorities are actively tracing properties associated with Terraform Labs executives in an effort to recover some of the illicit funds stolen from the Terra-Luna debacle. The collapse of the $40 billion ecosystem was initially thought to be a market-triggered event, but turned out to be a clear case of fraud with Kwon at the center of it. Kwon evaded arrest for nearly a year before being caught in Montenegro on March 23.

Binance, the world's largest cryptocurrency exchange, has expressed its pride in supporting a significant case that led to the seizure of over $112 million linked to cryptocurrency investment schemes.

Korean prosecutors have contacted Binance, the world's largest cryptocurrency exchange, requesting it to prevent crypto fugitive Do Kwon from withdrawing funds. Prosecutors fear that Kwon will start liquidating crypto from the proceeds of selling property. They estimated that assets seized from Terra/Luna executives, including Kwon, were worth around $314 million, with Kwon's share estimated to be around $69 million. Prosecutors have applied for the foreclosure of sales of executives' apartments in Seoul, and there are properties located across the country also under investigation. However, prosecutors revealed that Kwon owned no property in Korea and had likely converted a large part of his property to Bitcoin, which was then transferred to overseas crypto exchanges, potentially including Binance. Kwon was arrested in Montenegro on March 23 and may also face charges there for passport fraud, which could delay any extradition efforts by South Korea.

The collapse of the crypto exchange FTX prompted Dubai regulators to ask for more information from crypto license applicants such as Binance, a Bloomberg report has said. According to the April 5 report, officials from Dubai’s Virtual Assets Regulatory Authority (VARA) have in recent weeks told Binance, which already holds the minimal viable product license, to share more information concerning its ownership structure, governance, and auditing procedures.

Binance CEO Changpeng Zhao discussed his company’s Middle East and North Africa — commonly referred to as MENA presence in an ask-me-anything (AMA) session published on April 6.

BNB, the native currency of the Binance ecosystem, remains under pressure as regulators continue questioning the exchange’s operations and compliance with local laws.