Allegations of Fraud and Stolen Funds Surround DeFi Project Fintoch
DeFi project Fintoch was accused of. that it may be a pyramid scheme, and its creators stole $31.6 million from users. This was reported by blockchain researcher @ZachXBT. Millions of users were withdrawn to BNB Chain (formerly Binance Smart Chain) via Tron and Ethereum n ...
Binance Accused of Violating U.S. Financial Rules by Commingling Customer and Corporate Funds
As reported by Reuters, the cryptocurrency exchange Binance in 2020 and 2021 did not keep separate records of corporate and customer balances in violation of U.S. financial rules. Reuters, citing unnamed sources close to the Binance exchange, reported that the cryptocurrenc ...