Alongside Binance, other exchanges, including Kraken, are facing a lawsuit at London's Competition Appeal Tribunal (CAT).
BINANCE
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While no platform can guarantee absolute security, Binance has implemented robust security measures to protecting its users' assets.
Binance co-founder Zhao faces imprisonment, but his vast fortune is expected to remain stable, while Binance's market position may suffer.
US prosecutors want Changpeng Zhao, the founder and former chief executive of Binance to serve three years in prison.
Since last year, SEC warned against Binance for unlicenced fund solicitation on social media, advising asset transfer to other exchanges.
Binance is working closely with Nigeria authorities to resolve executives' detention, Binance CEO Richard Teng said.
The VASP licence not only enables Binance to facilitate the trading of crypto and fiat currencies but also margin trading products.
The Nigerian government is collaborating with Interpol and Kenyan police to bring Arjarwalla back to Nigeria.
Ethena developers have introduced a 20% reward boost for users who lock USDe stablecoins for at least seven days using exchange Web3 wallets.
Binance ceases support for bitcoin NFTs shortly after introducing them to its marketplace, aiming to streamline offerings.
A Binance executive detained by Nigerian authorities last month has escaped, according to local media reports.
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