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Xinjiang Mining Sites 'Taken Out in One Go', Bitcoin's Total Network Hash Rate Plummets?Recently, the cryptocurrency market has been rife with rumors, and Bitcoin's price has come under pressure again after a brief consolidation. Behind this wave of market volatility, a piece of news from China is rapidly fermenting, becoming the focus of the global crypto community: rumors have emerged that large-scale Bitcoin mining sites in Xinjiang are facing a new round of centralized shutdowns, leading to a cliff-like drop in Bitcoin's total network hash rate. This event not only directly impacts miners' living conditions but also triggers a chain reaction regarding market selling pressure, hash rate migration, and regulatory policies on a global scale.

Xinjiang Mining Sites 'Taken Out in One Go', Bitcoin's Total Network Hash Rate Plummets?

Recently, the cryptocurrency market has been rife with rumors, and Bitcoin's price has come under pressure again after a brief consolidation. Behind this wave of market volatility, a piece of news from China is rapidly fermenting, becoming the focus of the global crypto community: rumors have emerged that large-scale Bitcoin mining sites in Xinjiang are facing a new round of centralized shutdowns, leading to a cliff-like drop in Bitcoin's total network hash rate. This event not only directly impacts miners' living conditions but also triggers a chain reaction regarding market selling pressure, hash rate migration, and regulatory policies on a global scale.
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Binance announces listing process and blacklist, severely cracking down on third-party agency scams!In the fast-paced, opportunity-filled, and risky jungle of cryptocurrency, being listed on Binance is undoubtedly a milestone that all emerging projects dream of. It not only means reaching the largest global user base but also symbolizes market recognition, with effects comparable to an initial public offering (IPO) in the traditional financial world. However, the road to this top-tier hall has never been smooth. Recently, the world's leading cryptocurrency exchange Binance has publicly announced comprehensive information about its various listing channels and issued a stern warning aimed at rectifying chaos and setting clearer boundaries for the healthy development of the market. This announcement can be seen as Binance's profound self-evolution and reaffirmation of responsibility in the context of an increasingly mature industry.

Binance announces listing process and blacklist, severely cracking down on third-party agency scams!

In the fast-paced, opportunity-filled, and risky jungle of cryptocurrency, being listed on Binance is undoubtedly a milestone that all emerging projects dream of. It not only means reaching the largest global user base but also symbolizes market recognition, with effects comparable to an initial public offering (IPO) in the traditional financial world. However, the road to this top-tier hall has never been smooth.

Recently, the world's leading cryptocurrency exchange Binance has publicly announced comprehensive information about its various listing channels and issued a stern warning aimed at rectifying chaos and setting clearer boundaries for the healthy development of the market. This announcement can be seen as Binance's profound self-evolution and reaffirmation of responsibility in the context of an increasingly mature industry.
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Why are cryptocurrency traders anxious about the U.S. rate cut and Japan's rate hike?In the winter of 2025, the cryptocurrency market did not welcome the anticipated 'Santa Claus rally'; instead, it was shrouded in a haze of tension and uncertainty. Bitcoin's price hovered around the psychological barrier of $90,000, with both bulls and bears engaging in fierce battles, and market sentiment was like walking on thin ice. The chill behind this is not due to a black swan inside the crypto world, but rather a perfect storm triggered by the starkly different monetary policy paths of the two major economies—America and Japan. On one side, the Federal Reserve is opening the interest rate cut channel, releasing liquidity; on the other side, the Bank of Japan (BOJ) is sharpening its knives, preparing to end decades of negative interest rates. Why does this macro drama of 'ease and tightness' make cryptocurrency traders, who are used to the winds and waves, feel unprecedented tension? The answer lies in a mechanism that profoundly affects global capital flows, as well as Bitcoin's high sensitivity to global liquidity.

Why are cryptocurrency traders anxious about the U.S. rate cut and Japan's rate hike?

In the winter of 2025, the cryptocurrency market did not welcome the anticipated 'Santa Claus rally'; instead, it was shrouded in a haze of tension and uncertainty. Bitcoin's price hovered around the psychological barrier of $90,000, with both bulls and bears engaging in fierce battles, and market sentiment was like walking on thin ice. The chill behind this is not due to a black swan inside the crypto world, but rather a perfect storm triggered by the starkly different monetary policy paths of the two major economies—America and Japan.

On one side, the Federal Reserve is opening the interest rate cut channel, releasing liquidity; on the other side, the Bank of Japan (BOJ) is sharpening its knives, preparing to end decades of negative interest rates. Why does this macro drama of 'ease and tightness' make cryptocurrency traders, who are used to the winds and waves, feel unprecedented tension? The answer lies in a mechanism that profoundly affects global capital flows, as well as Bitcoin's high sensitivity to global liquidity.
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Can American banks 'speculate in coins'? Cryptocurrency companies 'licensed' to open new financial gameplay!In the world of cryptocurrency, the direction of regulation is always the most critical factor that moves the market's nerves. At the end of 2025, the U.S. financial regulatory field dropped two heavy bombs, not only marking a turning point for the long-standing 'debanking' dilemma faced by the crypto industry but also opening an unprecedented door for the integration of traditional banks and digital assets. First, the Office of the Comptroller of the Currency (OCC) confirmed the systematic exclusion of the cryptocurrency industry by large banks over the past few years; then, the OCC turned its tone and conditionally approved the national trust bank licenses for five top cryptocurrency companies, and issued an explanatory letter clarifying new pathways for banks to participate in cryptocurrency transactions.

Can American banks 'speculate in coins'? Cryptocurrency companies 'licensed' to open new financial gameplay!

In the world of cryptocurrency, the direction of regulation is always the most critical factor that moves the market's nerves. At the end of 2025, the U.S. financial regulatory field dropped two heavy bombs, not only marking a turning point for the long-standing 'debanking' dilemma faced by the crypto industry but also opening an unprecedented door for the integration of traditional banks and digital assets.

First, the Office of the Comptroller of the Currency (OCC) confirmed the systematic exclusion of the cryptocurrency industry by large banks over the past few years; then, the OCC turned its tone and conditionally approved the national trust bank licenses for five top cryptocurrency companies, and issued an explanatory letter clarifying new pathways for banks to participate in cryptocurrency transactions.
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YouTube Opens Stablecoin Payments, Is Cryptocurrency Payment Becoming Mainstream Worldwide?By the end of 2025, a seemingly simple update to a payment feature has sparked heated discussions in the global technology and finance circles. The world's largest video platform YouTube announced that it will allow content creators in the United States to choose to receive their earnings in the USD stablecoin PYUSD issued by PayPal. This is not just providing creators with a new payment option, but is seen as a watershed event — it marks the moment when top tech giants like Google have finally moved from a long-standing wait-and-see attitude to actual action, officially stepping into the realm of cryptocurrency payments. This move raises a deeper question: does this mean that the era of mainstream cryptocurrency payments is really about to arrive?

YouTube Opens Stablecoin Payments, Is Cryptocurrency Payment Becoming Mainstream Worldwide?

By the end of 2025, a seemingly simple update to a payment feature has sparked heated discussions in the global technology and finance circles. The world's largest video platform YouTube announced that it will allow content creators in the United States to choose to receive their earnings in the USD stablecoin PYUSD issued by PayPal. This is not just providing creators with a new payment option, but is seen as a watershed event — it marks the moment when top tech giants like Google have finally moved from a long-standing wait-and-see attitude to actual action, officially stepping into the realm of cryptocurrency payments. This move raises a deeper question: does this mean that the era of mainstream cryptocurrency payments is really about to arrive?
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Hong Kong Launches Public Consultation on Cryptocurrency Tax RulesAgainst the backdrop of an increasingly clear global regulatory framework for digital assets, Hong Kong is taking a crucial step with its usual prudence and foresight. Recently, the Hong Kong SAR government officially announced the launch of a two-month public consultation on the introduction of an international (Crypto-Asset Reporting Framework, CARF) and the revision of the existing (Common Reporting Standard, CRS). This move not only marks Hong Kong's determination to align with the highest international standards in cryptocurrency tax transparency but also forms a stark and profound contrast with the tightening regulatory policies of mainland China under the 'One Country, Two Systems' framework, highlighting its unique strategic positioning as a global virtual asset center.

Hong Kong Launches Public Consultation on Cryptocurrency Tax Rules

Against the backdrop of an increasingly clear global regulatory framework for digital assets, Hong Kong is taking a crucial step with its usual prudence and foresight. Recently, the Hong Kong SAR government officially announced the launch of a two-month public consultation on the introduction of an international (Crypto-Asset Reporting Framework, CARF) and the revision of the existing (Common Reporting Standard, CRS). This move not only marks Hong Kong's determination to align with the highest international standards in cryptocurrency tax transparency but also forms a stark and profound contrast with the tightening regulatory policies of mainland China under the 'One Country, Two Systems' framework, highlighting its unique strategic positioning as a global virtual asset center.
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$40 billion scam comes to an end, LUNA cryptocurrency founder sentenced to 15 years!A cryptocurrency tsunami that震动全球金融市场, causing approximately $40 billion in market value to vanish in just a few days, has finally reached a critical moment in the judiciary. The U.S. District Court for the Southern District of New York issued a historic ruling on December 11, sentencing Do Kwon, co-founder of Terraform Labs, to 15 years in prison for the fraud committed during the collapse of the Terra/LUNA ecosystem. This verdict not only brings a glimmer of solace to countless investors who have lost their fortunes but also serves as the heaviest warning bell for the wildly growing cryptocurrency industry.

$40 billion scam comes to an end, LUNA cryptocurrency founder sentenced to 15 years!

A cryptocurrency tsunami that震动全球金融市场, causing approximately $40 billion in market value to vanish in just a few days, has finally reached a critical moment in the judiciary. The U.S. District Court for the Southern District of New York issued a historic ruling on December 11, sentencing Do Kwon, co-founder of Terraform Labs, to 15 years in prison for the fraud committed during the collapse of the Terra/LUNA ecosystem. This verdict not only brings a glimmer of solace to countless investors who have lost their fortunes but also serves as the heaviest warning bell for the wildly growing cryptocurrency industry.
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Xiaomi and Sei Cross-Industry Cooperation: New Phones Pre-installed with Blockchain Wallet, Users One-Click Access to Cryptocurrency?At the intersection of technology and finance, a significant announcement that could reshape the digital lifestyles of billions has shaken the cryptocurrency and consumer electronics sectors. The high-performance public chain Sei Network has announced a milestone strategic partnership with global smartphone giant Xiaomi. The core content of this cooperation is that starting in 2026, new smartphones sold by Xiaomi in the global market (excluding mainland China and the United States) will come pre-installed with a Web3 application powered by Sei. This is not just about adding an app on a phone; it represents the most ambitious step yet for the crypto world toward mainstream users. Can this cross-industry partnership really pave a 'one-click access' highway to cryptocurrency for global users and ignite the next wave of large-scale applications?

Xiaomi and Sei Cross-Industry Cooperation: New Phones Pre-installed with Blockchain Wallet, Users One-Click Access to Cryptocurrency?

At the intersection of technology and finance, a significant announcement that could reshape the digital lifestyles of billions has shaken the cryptocurrency and consumer electronics sectors. The high-performance public chain Sei Network has announced a milestone strategic partnership with global smartphone giant Xiaomi. The core content of this cooperation is that starting in 2026, new smartphones sold by Xiaomi in the global market (excluding mainland China and the United States) will come pre-installed with a Web3 application powered by Sei.

This is not just about adding an app on a phone; it represents the most ambitious step yet for the crypto world toward mainstream users. Can this cross-industry partnership really pave a 'one-click access' highway to cryptocurrency for global users and ignite the next wave of large-scale applications?
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He Yi's WeChat was stolen to shout out tokens, and everyone in the crypto circle wants to ride on Binance's heat?In the fast-moving, information-exploding world of cryptocurrencies, 'heat' and 'traffic' are almost equivalent to the code for wealth. As the world's largest cryptocurrency exchange by trading volume, any minor action from Binance and its executives can create enormous waves in the market. However, this unparalleled influence is a double-edged sword; it is both the cornerstone of Binance's success and makes it a target for opportunists, exploiters, and even attackers. A series of recent events—from co-founder He Yi's WeChat account being hacked, to internal employees using official accounts for 'mouse warehouses' operations, to a careless typo by a senior executive giving birth to a meme coin with a market value of tens of millions of dollars—undoubtedly point to one core phenomenon: everyone in the crypto circle wants to ride on Binance's heat.

He Yi's WeChat was stolen to shout out tokens, and everyone in the crypto circle wants to ride on Binance's heat?

In the fast-moving, information-exploding world of cryptocurrencies, 'heat' and 'traffic' are almost equivalent to the code for wealth. As the world's largest cryptocurrency exchange by trading volume, any minor action from Binance and its executives can create enormous waves in the market. However, this unparalleled influence is a double-edged sword; it is both the cornerstone of Binance's success and makes it a target for opportunists, exploiters, and even attackers.

A series of recent events—from co-founder He Yi's WeChat account being hacked, to internal employees using official accounts for 'mouse warehouses' operations, to a careless typo by a senior executive giving birth to a meme coin with a market value of tens of millions of dollars—undoubtedly point to one core phenomenon: everyone in the crypto circle wants to ride on Binance's heat.
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NVIDIA's Jensen Huang: Bitcoin is a way to convert excess energy into a currency form, and the concept of AI is similar but more universal
NVIDIA's Jensen Huang: Bitcoin is a way to convert excess energy into a currency form, and the concept of AI is similar but more universal
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Hong Kong's First? Licensed Cryptocurrency Exchange HashKey Goes Public!In an era where Hong Kong actively embraces and regulates the wave of cryptocurrency, a milestone event is about to be recorded in history. The licensed cryptocurrency group HashKey Holdings Limited (hereinafter referred to as HashKey) has officially launched its initial public offering (IPO) on the main board of the Hong Kong Stock Exchange, aiming to become the first licensed cryptocurrency exchange to go public in Hong Kong. This listing is not only a critical step in HashKey's own development but is also seen as an important test of confidence in Hong Kong's Web3 strategy and the global capital market. IPO Core Details According to the prospectus disclosed by HashKey, its global offering plan aims to raise up to HK$16.7 billion (approximately US$2.15 billion). The company plans to issue approximately 240.6 million shares, with an offering price range set between HK$5.95 and HK$6.95 per share. If calculated at the highest price, HashKey's listing valuation will be close to HK$19 billion (approximately US$2.44 billion).

Hong Kong's First? Licensed Cryptocurrency Exchange HashKey Goes Public!

In an era where Hong Kong actively embraces and regulates the wave of cryptocurrency, a milestone event is about to be recorded in history. The licensed cryptocurrency group HashKey Holdings Limited (hereinafter referred to as HashKey) has officially launched its initial public offering (IPO) on the main board of the Hong Kong Stock Exchange, aiming to become the first licensed cryptocurrency exchange to go public in Hong Kong. This listing is not only a critical step in HashKey's own development but is also seen as an important test of confidence in Hong Kong's Web3 strategy and the global capital market.

IPO Core Details

According to the prospectus disclosed by HashKey, its global offering plan aims to raise up to HK$16.7 billion (approximately US$2.15 billion). The company plans to issue approximately 240.6 million shares, with an offering price range set between HK$5.95 and HK$6.95 per share. If calculated at the highest price, HashKey's listing valuation will be close to HK$19 billion (approximately US$2.44 billion).
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The United States Releases Latest National Security Strategy, Not Mentioning Cryptocurrency and BlockchainUnder the global spotlight, the Trump administration in the United States recently released its latest National Security Strategy (NSS) report. This programmatic document aims to outline America's core interests and strategic priorities on the global stage in the future. However, what surprised and even shocked the entire cryptocurrency industry is that in this lengthy report, cryptocurrency and blockchain technology, which have been mentioned multiple times by the President himself, encountered a complete 'digital silence'—not mentioned at all. This silence forms a stark contrast to the 'cryptocurrency-friendly' stance previously exhibited by President Trump and his administration, sparking widespread discussion in the crypto community and directly leading to fluctuations in market sentiment, with Bitcoin prices falling in response. What does the 'blank space' in this strategic document actually mean? Is it an unintentional oversight, or a well-considered strategic choice? This reveals the true views of Washington's decision-makers on this emerging field, as well as the subtle position of crypto assets in the global macroeconomic chessboard.

The United States Releases Latest National Security Strategy, Not Mentioning Cryptocurrency and Blockchain

Under the global spotlight, the Trump administration in the United States recently released its latest National Security Strategy (NSS) report. This programmatic document aims to outline America's core interests and strategic priorities on the global stage in the future. However, what surprised and even shocked the entire cryptocurrency industry is that in this lengthy report, cryptocurrency and blockchain technology, which have been mentioned multiple times by the President himself, encountered a complete 'digital silence'—not mentioned at all.

This silence forms a stark contrast to the 'cryptocurrency-friendly' stance previously exhibited by President Trump and his administration, sparking widespread discussion in the crypto community and directly leading to fluctuations in market sentiment, with Bitcoin prices falling in response. What does the 'blank space' in this strategic document actually mean? Is it an unintentional oversight, or a well-considered strategic choice? This reveals the true views of Washington's decision-makers on this emerging field, as well as the subtle position of crypto assets in the global macroeconomic chessboard.
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The world's first blockchain business war movie, explaining what blockchain is.
The world's first blockchain business war movie, explaining what blockchain is.
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China's Stablecoin: How Do Chinese People View It?The news disclosed by Reuters that 'China may consider issuing a RMB-based stablecoin' has stirred up significant waves in the global financial and cryptocurrency markets. The fact that this topic, long regarded as a 'taboo' in policy discussions, has come to the surface is itself enough to be interpreted as an important signal of a shift in direction. This sudden discussion is not without reason. From the China National Petroleum Corporation (CNPC) researching the use of stablecoins for cross-border oil settlements, to Hong Kong actively promoting a stablecoin regulatory sandbox, and the grassroots exploration of offshore RMB stablecoins, all indicate that the narrative around RMB stablecoins is entering a new and more complex stage. However, in the face of this potential move that may reshape the global financial landscape, the internal voices in China are not unanimous; instead, they present a complex picture of official caution, market enthusiasm, and public skepticism interwoven.

China's Stablecoin: How Do Chinese People View It?

The news disclosed by Reuters that 'China may consider issuing a RMB-based stablecoin' has stirred up significant waves in the global financial and cryptocurrency markets. The fact that this topic, long regarded as a 'taboo' in policy discussions, has come to the surface is itself enough to be interpreted as an important signal of a shift in direction.

This sudden discussion is not without reason. From the China National Petroleum Corporation (CNPC) researching the use of stablecoins for cross-border oil settlements, to Hong Kong actively promoting a stablecoin regulatory sandbox, and the grassroots exploration of offshore RMB stablecoins, all indicate that the narrative around RMB stablecoins is entering a new and more complex stage. However, in the face of this potential move that may reshape the global financial landscape, the internal voices in China are not unanimous; instead, they present a complex picture of official caution, market enthusiasm, and public skepticism interwoven.
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Bitcoin explanation strongly recommended by U.S. President Trump
Bitcoin explanation strongly recommended by U.S. President Trump
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Is it impossible for China to issue stablecoins in the mainland? How will the digitalization of the renminbi develop?Recently, discussions around the digitalization of the renminbi have presented a highly tense picture: on one side, the mainland of China maintains strict bans on cryptocurrencies and stablecoins, while on the other side, Hong Kong is ambitiously rolling out the red carpet, aiming to build a globally leading regulated virtual asset center. The stablecoin regulation that will take effect on August 1, 2025, by the Hong Kong Monetary Authority, further escalates this 'ice and fire' comparison. The market cannot help but ask: under the strict financial control walls of the mainland, will stablecoins ever have a chance to land? Where will the digitalization process of the renminbi ultimately lead? The answer is not simply 'yes' or 'no,' but reveals a carefully designed, complex, and multi-layered 'dual-track parallel' and 'trio' strategy.

Is it impossible for China to issue stablecoins in the mainland? How will the digitalization of the renminbi develop?

Recently, discussions around the digitalization of the renminbi have presented a highly tense picture: on one side, the mainland of China maintains strict bans on cryptocurrencies and stablecoins, while on the other side, Hong Kong is ambitiously rolling out the red carpet, aiming to build a globally leading regulated virtual asset center. The stablecoin regulation that will take effect on August 1, 2025, by the Hong Kong Monetary Authority, further escalates this 'ice and fire' comparison.

The market cannot help but ask: under the strict financial control walls of the mainland, will stablecoins ever have a chance to land? Where will the digitalization process of the renminbi ultimately lead? The answer is not simply 'yes' or 'no,' but reveals a carefully designed, complex, and multi-layered 'dual-track parallel' and 'trio' strategy.
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The People's Bank of China, along with 12 other ministries, is cracking down on cryptocurrency trading and speculation, and warning of the illegal risks associated with stablecoins!Amidst the turbulent global cryptocurrency market, particularly with the US accelerating its embrace of this emerging field under the Trump administration, China, the "Eastern Dragon," has chosen a completely different path. An invisible "high wall" is being continuously reinforced and raised. Recently, the People's Bank of China (PBOC) convened a high-level closed-door meeting, led by the Ministry of Public Security, the Cyberspace Administration of China, the Central Financial Stability and Development Office, the Supreme People's Court, the Supreme People's Procuratorate, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Justice, the State Administration for Market Regulation, the State Financial Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange. The meeting sent a clear and strong signal: China will not only continue its stringent cryptocurrency ban implemented since 2021, but will also launch a new round of crackdowns and blockades on virtual currency trading and speculation with unprecedented力度 (intensity/effort).

The People's Bank of China, along with 12 other ministries, is cracking down on cryptocurrency trading and speculation, and warning of the illegal risks associated with stablecoins!

Amidst the turbulent global cryptocurrency market, particularly with the US accelerating its embrace of this emerging field under the Trump administration, China, the "Eastern Dragon," has chosen a completely different path. An invisible "high wall" is being continuously reinforced and raised.

Recently, the People's Bank of China (PBOC) convened a high-level closed-door meeting, led by the Ministry of Public Security, the Cyberspace Administration of China, the Central Financial Stability and Development Office, the Supreme People's Court, the Supreme People's Procuratorate, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Justice, the State Administration for Market Regulation, the State Financial Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange. The meeting sent a clear and strong signal: China will not only continue its stringent cryptocurrency ban implemented since 2021, but will also launch a new round of crackdowns and blockades on virtual currency trading and speculation with unprecedented力度 (intensity/effort).
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The mayor of Vancouver, Canada bought a bottle of cola with Bitcoin, claiming it is the best cola ever.
The mayor of Vancouver, Canada bought a bottle of cola with Bitcoin, claiming it is the best cola ever.
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Under the Ban, China's Bitcoin Mining Hash Rate Recovers, Returning as the Third Largest Mining Country?In the torrent of history, some chapters seem to have long been predetermined, yet they always reappear in unexpected ways. In 2021, the Chinese government, with a thunderous momentum and out of dual considerations for financial stability and energy security, comprehensively banned cryptocurrency mining activities. A ban caused the once dominant Chinese mining industry, which accounted for half of the global Bitcoin hash rate, to suddenly fall silent, with millions of mining machines extinguishing their lights overnight, staging an epic 'hash rate migration'. However, four years later, a surprising reality is quietly emerging: China's Bitcoin mining activities have not only not disappeared, but have instead revived in a secretive and tenacious manner, with its hash rate share climbing to third in the world.

Under the Ban, China's Bitcoin Mining Hash Rate Recovers, Returning as the Third Largest Mining Country?

In the torrent of history, some chapters seem to have long been predetermined, yet they always reappear in unexpected ways. In 2021, the Chinese government, with a thunderous momentum and out of dual considerations for financial stability and energy security, comprehensively banned cryptocurrency mining activities. A ban caused the once dominant Chinese mining industry, which accounted for half of the global Bitcoin hash rate, to suddenly fall silent, with millions of mining machines extinguishing their lights overnight, staging an epic 'hash rate migration'. However, four years later, a surprising reality is quietly emerging: China's Bitcoin mining activities have not only not disappeared, but have instead revived in a secretive and tenacious manner, with its hash rate share climbing to third in the world.
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Binance and Zhao Changpeng sued by over 300 American families?The founder of Binance, Zhao Changpeng (CZ), has once again found himself and his cryptocurrency empire at the center of a legal storm. Just as he was enjoying a moment of peace following a presidential pardon and gradually stepping out of the public eye, new shocking allegations have surfaced, directly linking Binance to international terrorism, with claims for damages reaching the billion-dollar level. This latest class action lawsuit was officially filed on Monday in the federal court of North Dakota, USA, featuring a large and unique group of plaintiffs—over 300 American families of those who were killed or injured in the Hamas attack on October 7, 2023. They are bringing a civil lawsuit against Binance, founder Zhao Changpeng, and another executive, 'Chief Financial Officer' Chen Guangying, under the Justice Against Sponsors of Terrorism Act, accusing them of knowingly providing financial channels for Hamas and other organizations recognized as terrorist groups by the United States over the past several years.

Binance and Zhao Changpeng sued by over 300 American families?

The founder of Binance, Zhao Changpeng (CZ), has once again found himself and his cryptocurrency empire at the center of a legal storm. Just as he was enjoying a moment of peace following a presidential pardon and gradually stepping out of the public eye, new shocking allegations have surfaced, directly linking Binance to international terrorism, with claims for damages reaching the billion-dollar level.

This latest class action lawsuit was officially filed on Monday in the federal court of North Dakota, USA, featuring a large and unique group of plaintiffs—over 300 American families of those who were killed or injured in the Hamas attack on October 7, 2023. They are bringing a civil lawsuit against Binance, founder Zhao Changpeng, and another executive, 'Chief Financial Officer' Chen Guangying, under the Justice Against Sponsors of Terrorism Act, accusing them of knowingly providing financial channels for Hamas and other organizations recognized as terrorist groups by the United States over the past several years.
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