
Binance CEO CZ confirms exchange has no outstanding loans
CZ said that the exchange has no outstanding loans, adding that it is harder to audit its liabilities.

Follow Binance news, including exchange updates, listings, legal developments, product launches, and market impact across global crypto trading.

A hacker exploited a bug in Ankr Protocol's code to mint six quadrillion aBNBc tokens and converted part of it into $5 million USDC.

Binance now controls over 75% of exchnages' monthly trading volume, according to available data.

The fund is currently at the formation stage and intends to raise between $1 billion and $2 billion to invest in metaverse-related businesses.

Insolvency rumors concerning centralized exchanges like Binance, KuCoin, and Nexo persist following BlockFi's Chapter 11 bankruptcy filing on Nov. 28.

Vinny Lingham tweeted on Nov. 27 that exchanges should publish their Proof-of-Liabilities alongside their Proof-of-Reserves.

Nearly 50,000 Bitcoin are withdrawn from Coinbase daily between Nov. 23 and Nov. 27 — equating to roughly $3 billion.



