The CFTC alleged that Binance violated federal law to solicit U.S. users for millions in revenue, a potentially existential threat to the exchange.
Bitcoin is still on track to cap a winning month. It’s advanced 16% in March, while ether has gained 6%.
The techniques have evolved to sidestep Binance’s highly publicized know-your-customer controls, and focus on obscuring a user’s country of origin.
Binance said it would suspend U.S. dollar withdrawals and deposits beginning Feb. 8.
Blockchain data shows that tens of millions of dollars moved from Bitzlato through intermediaries to Binance.
Crypto exchange Binance plans to increase the number of staff by between 15% and 30%, CEO Changpeng Zhao said.
Accounting firm Mazars Group has suspended all work with its crypto clients, according to its former client and the world’s largest crypto exchange, Binance.
Binance CEO Changpeng Zhao on Wednesday said that the situation has “stabilized” at his cryptocurrency exchange in a bid to assuage investors’ fears.
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