Binance | ForkLog

ForkLog 34 20.05.2024

Study Reveals Binance Token Listings as Investor Traps

Over the past six months, 80% of tokens newly listed on Binance have depreciated in value compared to their initial trading day on the exchange, according to researcher flow. Looking at all the new listing of the past 6 months on the largest CEX, Binance, we note that >80% of tokens are down from their […]

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ForkLog 18 17.05.2024

Nigerian Court Denies Bail to Binance Executive

On May 17, the Federal High Court in Abuja rejected a bail application for Tigran Gambaryan, Vice President of Global Intelligence and Investigations at cryptocurrency exchange Binance, according to local media. Reports indicate that the judge, after a thorough review of the application, concluded that the accused would not appear in court if released on […]

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ForkLog 17 16.05.2024

Binance Unveils Solution to Spoofing Scam

Security experts at Binance have developed an algorithm to combat fraud through “address poisoning,” where users unwittingly send funds to scammers. This was reported by Cointelegraph. The scam involves sending a small amount to a victim from an address resembling one already used in their wallet, so the transaction appears in their history. Hackers typically […]

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ForkLog 16 16.05.2024

Notcoin Debuts at $0.012 as Trading Commences

On May 16 at 15:00 Kyiv/Moscow time, major cryptocurrency exchanges Binance, Bybit, and OKX listed the NOT token from the Web3 gaming project Notcoin. Notcoin Binance OKX Bybit Kucoin Gate Bitget Bitfinex and others Trading opens May, 16 6:00 San Francisco9:00 New York12:00 UTC13:00 London14:00 Prague15:00 Kyiv/Moscow15:30 Tehran16:00 Dubai17:00 Tashkent/Orenburg17:30 Delhi 20:00 Hong Kong21:00 Kyoto […]

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ForkLog 19 16.05.2024

Binance Kazakhstan Secures ISO Certifications for Information Security

The cryptocurrency exchange Binance Kazakhstan has obtained international ISO certifications in information security management and confidential information. This was reported to ForkLog by representatives of the platform. The certifications were issued by the British Standards Institution following an audit of Binance Kazakhstan’s security measures, policies, and processes. ISO 27001 ensures the confidentiality, integrity, and availability […]

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ForkLog 26 11.05.2024

US Justice Department Appoints Monitor for Binance

The US Department of Justice has appointed the consulting firm Forensic Risk Alliance (FRA) to oversee Binance’s operations for a three-year period, according to Bloomberg. The appointment of a monitor was a condition of the trading platform’s plea agreement. In November 2023, Binance agreed to pay fines amounting to $4.3 billion, and its founder, Changpeng […]

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ForkLog 39 10.05.2024

Binance Faces Canadian Fine and Registers in India

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed an administrative fine of 6,002,000 CAD (~$4.4 million at the time of writing) on the cryptocurrency exchange Binance. #FINTRAC has imposed an administrative monetary penalty of $6,002,000 on Binance Holdings Limited, a foreign money services business. For more information, consult the Centre’s website: […]

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ForkLog 15 10.05.2024

Expert Identifies Vulnerability in Binance’s Reserve Audit Mechanism

The algorithm employed by cryptocurrency exchange Binance for Proof-of-Reserves (PoR) contains a vulnerability linked to its lending function and the accounting of so-called dummy users. This was stated by Enrico Bottazzi, an expert from the research organization Privacy Scaling Explorations. The issue concerns non-existent accounts with a positive position in low-liquidity assets and a negative […]

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ForkLog 26 09.05.2024

Cryptocurrency Exchange Volumes Decline for the First Time in Seven Months

The combined volume of spot and derivatives cryptocurrency markets fell by 43.8% in April to $6.58 trillion, following a record high in March of $9.12 trillion, according to data from CCData. This positive trend was interrupted after six months. Data: CCData. Experts attributed the trend reversal to escalating geopolitical tensions and a slowdown in inflows […]

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ForkLog 66 09.05.2024

Binance Allegedly Overlooked Market Manipulation by DWF Labs

Binance’s surveillance team uncovered evidence of market manipulation by market maker DWF Labs, yet the cryptocurrency exchange’s management reportedly ignored these findings. This was reported by the Wall Street Journal, citing sources. According to the publication, DWF Labs’ fictitious trading was identified during an internal investigation using proprietary software tools. When the evidence was presented […]

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ForkLog 8 09.05.2024

Nigerian Authorities Refute Binance Bribery Allegations

Nigeria’s Ministry of Information has dismissed as false the bribery allegations against unidentified officials, previously made by the cryptocurrency exchange Binance. This was reported by Bloomberg. The ministry views this as a diversionary tactic in the ongoing investigation into the platform and an attempt to undermine the country’s government. “There is not a shred of […]

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ForkLog 17 08.05.2024

Binance Aids in Arrest of Suspect in ZKasino Fraud Case

Binance’s crime investigation team played a significant role in the arrest of a suspect linked to the ZKasino blockchain casino scam. Details are provided by Cointelegraph. In April, ZKasino developers transferred 10,515 ETH worth $33.9 million to the Lido staking protocol and altered the website’s wording, removing the statement about returning ETH. The coins were […]

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