Page 9 - Patrick Hillmann News Today

FTX reboot is in the works, Multichain issues spark uncertainty and Sam Altman's crypto project Worldcoin raises millions of dollars.

A new report from Reuters details how Binance, the largest cryptocurrency exchange in the world, violated U.S. financial regulations by mixing consumer

Binance CSO Jimmy Su has noticed a rise in deepfake technology being used to try and bypass know-your-customer (KYC) verification processes, which will only become more advanced.

The Binance executive explained that Reuter's whole claim is based on user deposit-based USD minting, where users were making a purchase of a stablecoin that was redeemable by Paxos, which was explicitly stated on the page.

The special report in question disclosed that "Binance mixed $20 million from a corporate account with $15 million from an account that received customer money," based on a February 10, 2021, bank

Binance faces allegations of mixing customer funds with company revenue. Here is what Binance had to say about the allegations.

The latest price moves in crypto markets in context for May 24, 2023.

"We’ve addressed this on multiple occasions. We keep our user and corporate funds on completely separate ledgers," Patrick Hillmann, Binance's chief communications officer tweeted on Tuesday, though he did not outright deny the report's claims.

Crypto exchange Binance is pushing back against a Reuters report on Tuesday that alleges the company commingled customer funds with revenue in 2020 and 2021,…

Binance, the world’s largest cryptocurrency exchange by trading volume, is staunchly denying allegations made that it commingled customer funds with its own…