Access to Binance's Law Enforcement Request Panel Is for Sale for $10K

 Binance uses a third-party service called Kodex to validate law enforcement requests.

A bad actor is selling access to Binance’s law enforcement request panel, which provides lawful access to account data, for $10,000 in bitcoin (BTC) or monero (XMR).

Binance provides access via a third-party service called Kodex, commonly used by online financial institutions or social media platforms to validate law enforcement requests and facilitate access.

InfoStealers, a publication covering the Darknet and data breaches, reported that three computers belonging to law enforcement officers from Taiwan, Uganda, and the Philippines were compromised in a global malware campaign in 2023, leading to stolen browser-stored credentials and unauthorized access to Binance’s login panel.

Binance to Pay $4.3B to Settle U.S. Criminal Case; Changpeng 'CZ' Zhao Resigns as CEO and Pleads Guilty in Seattle

Binance, the world's largest crypto exchange, was criminally charged with breaking sanctions and money-transmitting laws and agreed to pay $4.3 billion to settle the allegations in "one of the largest penalties" the U.S. has ever obtained from a corporate defendant.

Founder Changpeng "CZ" Zhao pleaded guilty in Seattle to charges he personally faced and agreed to pay a $50 million fine, as well as step down from the CEO job. Richard Teng, a former Abu Dhabi regulator and later Binance's regional markets head, will take over as CEO.

Binance re-opens bitcoin withdrawals after brief suspension, blames ‘severe network congestion’

Binance, the world’s largest cryptocurrency exchange, has re-opened bitcoin (BTC) withdrawals after a 1-hour suspension, the latest data on May 7 shows.

Binance halts BTC withdrawals

Binance said they were halting withdrawals on the Bitcoin network due to what they describe as “severe congestion”.

CZ Says Interpol Red Notice Rumors Are FUD

 The world’s largest crypto exchange Binance has seen its market dominance dwindle following the CFTC lawsuit last month.

America’s war on crypto has targeted Binance, the world’s largest crypto exchange. In late March, the Commodity Futures Trading Commission unleashed a barrage of accusations against Binance and CEO Changpeng Zhao.

Binance Denies Improper Use of $1.8B of Users’ Funds

Binance was accused of moving almost $2Bn without permission. The exchange denied the rumors. Is it just FUD or damage control?

Binance, the world’s largest cryptocurrency exchange, denied a report published by Forbes titled “Binance’s Asset Shuffling Eerily Similar To Maneuvers By FTX,” which argues that the crypto giant transferred $1.8 billion associated with its users’ funds.

According to Forbes, between August 17 and early December 2022, Binance moved “silently” $1.8 billion deposited “as collateral intended to support its customers’ stablecoins,” leaving many of its users with unbacked funds.

Binance Burns $620 Million Worth of BNB

Binance removed over two million of its native cryptocurrency from circulation.

The world’s largest cryptocurrency exchange continues with its goal to reduce the overall BNB in circulation to 100 million.

To do so, the company announced completing the 22nd burn of its native token.

Binance’s statement informed that it has removed 2.064 million BNB from circulation, worth almost $620 million at today’s prices.

BMW Revamps Operations With Blockchain Technology From Coinweb And BNB Chain

BMW is relying on blockchain technology to improve its business model. Now, the company is using technology from Coinweb and Binance.

Coinweb, a layer-2 cross-chain computation platform, announced on December 29 that it has entered into a partnership with BMW to integrate blockchain technology into the automaker’s infrastructure in order to improve the efficiency of financial transactions.

Coinweb stated that the primary goal of this partnership is to provide a completely new experience for BMW’s customers in Thailand. To achieve this, the two companies plan to implement two different roadmaps in 2023.

Binance unveils themed gift cards and secret Santa events for Christmas

Binance crypto exchange has launched its Christmas holiday-themed promotions where users can send Binance Gift Cards to friends and family and qualify for Secret Santa and Mystery Box events loaded with juicy rewards.

The Binance Christmas promo

Binance’s ‘fractured administration’ spurs heated debates and FUD

 Binance is under fire again as FUDs regarding its proof of reserves and regulatory uncertainties, are gaining traction. The exchange is also experiencing massive withdrawals following a story by Reuters that details it’s on the US DOJ’s radar. Other reports regarding failed audits are in the air as well. But what’s going on?