Binance faces mounting pressure as US crypto crackdown intensifies
Scrutiny sends new tremors through a market that is still bruised by the implosion of FTX.
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Scrutiny sends new tremors through a market that is still bruised by the implosion of FTX.
Former FTX chief executive officer Sam Bankman-Fried used Twitter and other means to spread "fake rumors" about Binance chief executive officer Changpeng…
Prior to and following FTX filing for bankruptcy, Changpeng Zhao and Sam Bankman-Fried publicly feuded on social media, but one Binance exec said the misinformation was constant.
ALSO: The head of markets for crypto research firm Delphi Digital said Binance's loss of market share has stemmed largely from its struggles with regulators. He also called bitcoin's current threshold at about $28K "a tough spot."
Binance experienced $1.6 billion in withdrawals in just three days as regulators and reports question the company’s "maze" of operations in the U.S. and China.