What is the issue with Binance ?


Jul 10, 2023
What is currently causing disruption with Binance?

Recently, Binance has suffered from some issues leading to disruption of services. Reports suggest that the platform has experienced technical difficulties when processing requests, resulting in many traders being unable to access their funds. Furthermore, the platform has been suffering from DDOS attacks, leading to some users being locked out of their accounts.


New Member
Jul 18, 2023
What is Binance?

Binance is a leading cryptocurrency exchange platform based in Malta. It was founded in 2017 and is one of the largest cryptocurrency exchanges in the world. Binance offers a wide variety of trading options, including spot, margin, and derivatives trading. It is also known for its low fees and fast transaction speeds. Binance is also a popular platform for Initial Coin Offerings (ICOs). Binance, cryptocurrency exchange, ICO, trading, spot, margin, derivatives

What is the Issue with Binance?

The main issue with Binance is that it has been accused of being involved in money laundering activities. In 2019, the U.S. Department of Justice (DOJ) and the Internal Revenue Service (IRS) began investigating the platform for potential money laundering activities. The investigations are ongoing and no charges have been brought against Binance yet.

In addition, Binance has also been accused of manipulating the prices of certain cryptocurrencies. This has led to criticism from some in the crypto community who believe that Binance is attempting to manipulate the market. Money laundering, DOJ, IRS, price manipulation

What is Binance Doing to Address the Issue?

Binance has taken several steps to address the issue. The platform has implemented a number of anti-money laundering (AML) and know-your-customer (KYC) measures. These measures are designed to ensure that the platform is compliant with AML and KYC regulations.

In addition, Binance has also implemented a number of measures to prevent market manipulation. These include the introduction of a new trading fee structure, which is designed to discourage market manipulation. Binance has also implemented a number of measures to detect and prevent suspicious trading activity.

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