Binance
CompanyBinance Holdings Ltd., branded Binance, is the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. Binance was founded in 2017 by Changpeng Zhao. It was initially based in China, then moved to Japan, subsequently left Japan for Malta, and now has no official company headquarters.
From Wikipedia, licensed under CC BY-SA 4.0. Shown as published there.
Facts
- Country
- United Arab EmiratesSource: Wikidata
- Founded
- 2017Source: Wikidata
- Founded by
- Changpeng Zhao, Yi HeSource: Wikidata
- CEO
- Richard Teng, Yi HeSource: Wikidata
- Headquarters
- United Arab EmiratesSource: Wikidata
- Sector
- Finance, Financial servicesSource: Wikidata
- Products
- cryptocurrency, cryptocurrency exchangeSource: Wikidata
- Wikipedia
- Read on WikipediaSource: Wikidata
Security timeline
- In the news by CoinDeskUS moves to seize $1.2 billion in crypto stolen in North Korea-linked Binance hack
- In the news by The DefiantBinance liquidations near $800 million as bitcoin falls
- In the news by DecryptNorth Korean hackers used fake video calls to steal over $400 million in crypto, FBI says
- In the news by DecryptCrypto liquidations reach $1.23 billion as total market value falls 5.75%
- In the news by CryptoPotatoEthereum slips below $2,000 as traders watch the $1,900 to $1,980 demand zone
- In the news by UnchainedBinance says it has fully covered assets lost in its October hack, but users cannot yet verify this
- In the news by U.TodayBinance reports final figures after reported $6.34 billion hack
- In the news by CointelegraphNorth Korean hackers turn to memecoins to launder Binance hack funds
- In the news by DecryptIndia's Enforcement Directorate searches CoinDCX and Delta Exchange over offshore trades
Recent news · 12 stories
US moves to seize $1.2 billion in crypto stolen in North Korea-linked Binance hack
The US Department of Justice has secured court authorisation targeting more than $1.2 billion of crypto stolen from Binance, which it attributes to North Korea-linked hackers. Around $2.7 billion in related funds has been frozen by Tether, Ripple, Circle, World Liberty Financial and Arbitrum, and the DOJ also seized cloud infrastructure and 900 webcam videos tied to the separate FaceStealer scheme, which reportedly stole over $400 million in 18 months. North Korea has denied any involvement, with Kim Yo Jong calling the allegations a political provocation.
Binance liquidations near $800 million as bitcoin falls
CoinGlass recorded $2.05 billion in liquidations across tracked exchanges as bitcoin fell, with the large majority being long positions betting on rising prices. Binance accounted for close to $800 million of the total.
North Korean hackers used fake video calls to steal over $400 million in crypto, FBI says
The FBI says a North Korean scheme, called FaceDealer in one report and FaceStealer in another, used hijacked accounts, deepfake-style footage and fake Zoom or Microsoft Teams meetings to plant malware on crypto and Web3 workers' computers. Agents said they found videos from more than 900 victims and linked the scheme to over $400 million in thefts in 18 months. Separately, the DOJ is reported to be moving to seize $1.2 billion tied to the Binance hack, and Pyongyang has rejected the accusations.
Crypto liquidations reach $1.23 billion as total market value falls 5.75%
The total crypto market value fell 5.75% to $2.33 trillion over 24 hours, triggering $1.23 billion in liquidations, 82.7% of them long positions, according to Coinglass. Bitcoin slipped below $68,000, trading at $67,623 and testing its 200-week simple moving average near $67,922. Ethereum fell 3.37% to $1,903.78.
Binance Adds Zero-Knowledge Proof Upgrade to Let Users Verify Asset Backing
Binance has highlighted a security upgrade built on zero-knowledge proofs, which lets users independently verify that their assets on the exchange are fully backed at a minimum 1:1 ratio. The article presents it as a tightening of the exchange's security and gives no further technical detail.
Coffeezilla and Molly White investigate Trump family crypto ventures and their impact on investors
Coffeezilla and Molly White have published an investigation into Trump family crypto businesses, focusing on World Liberty Financial, the family's meme coins, foreign investments and business relationships. They argue many of these ventures made the family billions while most American investors lost money, and question undisclosed investments and possible conflicts of interest. World Liberty Financial rejects the allegations and says it has followed the required regulatory procedures.
Ethereum slips below $2,000 as traders watch the $1,900 to $1,980 demand zone
Ethereum has fallen below $2,000 and is testing a daily demand zone between $1,900 and $1,980, with the price recently near $1,940. Price sits below the $2,150 and $2,380 moving averages, and the analysis flags a bearish structure with lower highs and lower lows. Traders are watching whether $1,900 holds, with the $2,000 level now the key reclaim.
Binance says it has fully covered assets lost in its October hack, but users cannot yet verify this
Binance said on 12 November that it had completed coverage of assets affected by its 29 October hack and published a new Proof of Reserves snapshot. Its reserve page shows a 104.34% ratio for USDT, with the onchain wallet holding about 1.06 billion more USDT than customer balances, though users cannot yet verify this through the zero-knowledge proof.
Binance reports final figures after reported $6.34 billion hack
Binance has published what it describes as final numbers following a reported $6.34 billion hack, saying its Shiba Inu (SHIB) reserves are covered at 100.04%. Arkham data cited in the report shows 16% more SHIB held in Binance wallets. The article gives no further detail on the attack, so the figures should be checked against Binance's own statement.
North Korean hackers turn to memecoins to launder Binance hack funds
According to Cointelegraph's Asia Express digest, North Korean hackers are launching memecoins to launder funds stolen in the Binance hack. The same roundup says xStocks plans to add hundreds of Hong Kong-listed equities in the coming weeks. The article gives no figures for the amount stolen or the size of the listings.