A trader bought $208,000 worth of Gains Network (GNS) tokens less than 30 minutes before the token was listed on Binance, making a profit of $106,000, according to blockchain sleuth Lookonchain.

Binance has started minting True USD (TUSD) in response to a U.S. regulatory crackdown on its own stablecoin BUSD.

At present, in-trouble crypto exchange, Binance is facing regulatory heat. It is alleged that Binance transferred $400 million from its Binance.US account to a company reportedly tied to CEO Changpeng Zhao.

Cryptocurrency investors funnelled as much as $4.6 billion into crypto tokens suspected to be part of “pump and dump” schemes in 2022.

According to blockchain analytics firm Elliptic, crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea. The firm noted that the stolen funds, which were dormant until recently, originated from the June 2022 hack of Harmony’s Horizon Bridge. “The Horizon cross-chain bridge was&nbsp;<a href="https://news.bitcoin.com/harmonys-100m-hack-was-due-to-a-compromised-multi-sig-scheme-says-analyst/">attacked</a>&nbsp;on June 24th 2022, resulting in the loss of $99.6 million in cryptoassets. These funds were then laundered through the now-sanctioned Tornado Cash,” the blockchain analytics firm detailed. Ethereum mixer Tornado Cash was&nbsp;<a href="https://news.bitcoin.com/us-government-bans-ethereum-mixer-tornado-cash-platform-added-to-ofacs-sdn-list/">banned</a>&nbsp;last August by the U.S. Department of the Treasury’s Office of Foreign Asset Control (OFAC). (Bitcoin.com)

According to a tweet from Whale Alert, on Feb. 16, Binance purchased nearly 50 million, a stablecoin running on the Ethereum blockchain.

Leading cryptocurrency exchange Binance had “gaps” in regulatory compliance in the first few years after its launch in 2017, the company’s Chief Strategy Officer (CSO) Patrick Hillmann told the Wall Street Journal in an interview.

DeFi lender TrueFi's token, TRU, jumped over 140% shortly after Binance minted $50 million worth of the TrueUSD stablecoin.&nbsp;&nbsp;

Binance Research, the research division of Binance, the largest cryptocurrency exchange by trading volume, released a research report that takes a closer look at Ethereum’s upcoming Shanghai upgrade.

&nbsp;In what could be yet another setback for crypto exchange Binance and its CEO ‘CZ’, latest reports suggest CZ secretly had access to $400 million worth funds supposedly believed to belong to Binance US users. This could prove to be fatal for Binance if proven to be true as the US Securities and Exchange Commission (SEC) is already tightening rules around user asset custodian services. The allegations of bank transfers from accounts belonging to Binance US follows the SEC’s restrictions of the BUSD stablecoin recently.