Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
Controversy around those Russian banks emerged earlier in the week, when WSJ claimed that the company continued to allow peer-to-peer trading involving the Russian banks in question.
Mike Dalton 2 min read 
Binance said the move was optional and would help to create a safe and secure trading environment for its users.
FTX warned its community to be wary of bad actors who might try to capitalize on the incident.
Binance has repeatedly claimed that it complies with global sanctions imposed on Russia.
Binance clarified that the service suspension would affect less than 1% of its users in the markets.
Proposed engagement with Galaxy bolsters FTX's restructuring endeavors by monetizing crypto assets.
The decision comes in the aftermath of actions by the U.S. Securities and Exchange Commission (SEC), which has scrutinized platforms offering staking services.
Leading industry representative steps in as SEC and Coinbase legal tension tightens.
Friend.tech is one of the crypto industry's top 5 fee generators, per DeFillama.
