TONOUGBA Koffi Elom Josué
I share Airdrops, Alpha & simple crypto tips
Helping you earn, learn, and grow in Web3 – without the jargon 🚀
🌍 Proudly part of #CryptoAfrica | Always #DYOR
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Nice content
Eternel insatisfait
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🛡️ Wallet → Wallet : what mitigation measures are in place against AML/CFT risks?
Given the risks of money laundering and terrorist financing (AML/CFT) related to wallet → wallet transactions, the challenge for African institutions is not to stifle innovation, but to establish intelligent and tailored mitigation mechanisms.
The first priority is to strengthen the requirements around the entry and exit points of the ecosystem. VASPs must implement rigorous KYC/KYT procedures to identify users before they interact with external wallets. This creates a first level of traceability, even when funds leave a centralized platform.
The first priority is to strengthen the requirements around the entry and exit points of the ecosystem. VASPs must implement rigorous KYC/KYT procedures to identify users before they interact with external wallets. This creates a first level of traceability, even when funds leave a centralized platform.
Thank you very much, boss
Eternel insatisfait
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How to create a Binance Junior account?
1️⃣ The parent first creates a verified Binance account (KYC + 2FA security).
2️⃣ From their account, they create and attach a Junior account for the child.
3️⃣ The parent sets the limits, the savings budget, and the security rules.
4️⃣ The child accesses their space to learn about crypto and save, under parental control.
Important:
Binance Junior is an educational and savings space.
No access to trading for minors.
Everything is supervised by the parents.
A responsible first approach to crypto, safely.
#binancejunior #education
@GED @_Ram @Smarts Web Workers
1️⃣ The parent first creates a verified Binance account (KYC + 2FA security).
2️⃣ From their account, they create and attach a Junior account for the child.
3️⃣ The parent sets the limits, the savings budget, and the security rules.
4️⃣ The child accesses their space to learn about crypto and save, under parental control.
Important:
Binance Junior is an educational and savings space.
No access to trading for minors.
Everything is supervised by the parents.
A responsible first approach to crypto, safely.
#binancejunior #education
@GED @_Ram @Smarts Web Workers
Crypto scams explained simply
In crypto, many scams rely on just one thing:
the "too good to be true".
It's like someone promising you:
"Give me €100, I'll give you €1,000 tomorrow. No risk."
In real life, you'd be skeptical.
Online, with charts, testimonials, and well-packaged promises, many fall for it.
The warning signs are almost always the same:
• guaranteed profits
• pressure to act quickly
• lack of transparency
• someone "too nice" who wants to help you privately
The truth is simple:
Crypto is a technology, not a magic money machine.
There are opportunities, yes.
But there's no risk-free shortcut.
In crypto, your best protection remains:
📚 education
⏳ patience
🧠 critical thinking
If it's too good to be true...
it's probably a scam.
#crypto #scam #safeWallet
In crypto, many scams rely on just one thing:
the "too good to be true".
It's like someone promising you:
"Give me €100, I'll give you €1,000 tomorrow. No risk."
In real life, you'd be skeptical.
Online, with charts, testimonials, and well-packaged promises, many fall for it.
The warning signs are almost always the same:
• guaranteed profits
• pressure to act quickly
• lack of transparency
• someone "too nice" who wants to help you privately
The truth is simple:
Crypto is a technology, not a magic money machine.
There are opportunities, yes.
But there's no risk-free shortcut.
In crypto, your best protection remains:
📚 education
⏳ patience
🧠 critical thinking
If it's too good to be true...
it's probably a scam.
#crypto #scam #safeWallet
Understanding blockchain layers with a simple analogy 🛣️
Think of a blockchain like a city’s road system.
There’s a main highway.
Strong, secure, and essential.
But when everyone uses it at the same time, traffic builds up.
That highway is Layer 1.
Then you have side streets and fast lanes.
They take part of the traffic, move faster, cost less,
and later reconnect to the main highway.
That’s Layer 2.
The goal isn’t to replace the highway.
It’s to keep it secure while making the whole system usable at scale.
No layers → congestion.
With layers → flow.
This is how blockchains move from theory to real-world adoption.
#blockchain #layer
Think of a blockchain like a city’s road system.
There’s a main highway.
Strong, secure, and essential.
But when everyone uses it at the same time, traffic builds up.
That highway is Layer 1.
Then you have side streets and fast lanes.
They take part of the traffic, move faster, cost less,
and later reconnect to the main highway.
That’s Layer 2.
The goal isn’t to replace the highway.
It’s to keep it secure while making the whole system usable at scale.
No layers → congestion.
With layers → flow.
This is how blockchains move from theory to real-world adoption.
#blockchain #layer
🐻 How to Survive a Bear Market: The Ultimate Crypto Investor’s Guide
A bear market feels tough, prices fall, sentiment fades, and fear takes over. But this phase is also where real long-term investors position themselves for the next bull run. Here’s how to survive it wisely.
✅ 1. Stay Calm and Control Emotions
Most losses come from panic, not the market.
Avoid emotional trading, revenge trading, or chasing pumps.
Stick to your long-term plan.
💰 2. Accumulate Smartly (DCA)
Instead of trying to catch the bottom, use dollar-cost averaging.
Focus on strong assets like BTC, ETH, and high-quality altcoins.
📚 3. Use the Bear Market to Learn
This is the best time to level up your knowledge.
Study:
Market cycles
Tokenomics
On-chain data
Emerging sectors (AI, L2s, Gaming, DeFi)
Education prepares you for the next bull.
⚖️ 4. Diversify to Reduce Risk
Don’t put all your money into one asset.
Balance between:
Blue chips
Solid altcoins
Stablecoins for dip-buying
Diversification protects your capital.
🔒 5. Prioritize Security
Bear markets attract more scams and hacks.
Use hardware wallets, enable 2FA, avoid suspicious links, and never share seed phrases.
📉 6. Manage Risk Like a Pro
If you trade:
Avoid high leverage
Use stop-losses
Keep position sizes small
Risk management = survival.
🛠️ 7. Keep Building
Create content, research projects, join communities, or learn new skills.
Builders rise fastest when the market turns bullish again.
Bear markets don’t last forever.
Stay disciplined, keep learning, protect your capital, and position yourself early.
Survive the bear, dominate the next bull.
#BearishAlert #bearmarket #BTC
A bear market feels tough, prices fall, sentiment fades, and fear takes over. But this phase is also where real long-term investors position themselves for the next bull run. Here’s how to survive it wisely.
✅ 1. Stay Calm and Control Emotions
Most losses come from panic, not the market.
Avoid emotional trading, revenge trading, or chasing pumps.
Stick to your long-term plan.
💰 2. Accumulate Smartly (DCA)
Instead of trying to catch the bottom, use dollar-cost averaging.
Focus on strong assets like BTC, ETH, and high-quality altcoins.
📚 3. Use the Bear Market to Learn
This is the best time to level up your knowledge.
Study:
Market cycles
Tokenomics
On-chain data
Emerging sectors (AI, L2s, Gaming, DeFi)
Education prepares you for the next bull.
⚖️ 4. Diversify to Reduce Risk
Don’t put all your money into one asset.
Balance between:
Blue chips
Solid altcoins
Stablecoins for dip-buying
Diversification protects your capital.
🔒 5. Prioritize Security
Bear markets attract more scams and hacks.
Use hardware wallets, enable 2FA, avoid suspicious links, and never share seed phrases.
📉 6. Manage Risk Like a Pro
If you trade:
Avoid high leverage
Use stop-losses
Keep position sizes small
Risk management = survival.
🛠️ 7. Keep Building
Create content, research projects, join communities, or learn new skills.
Builders rise fastest when the market turns bullish again.
Bear markets don’t last forever.
Stay disciplined, keep learning, protect your capital, and position yourself early.
Survive the bear, dominate the next bull.
#BearishAlert #bearmarket #BTC
Thank you
Alidou Aboubacar
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BearishUpdate on the $BTC weekly are we heading towards 90k???
Currently, Bitcoin is facing a support that has been several times a resistance, the blue line in the zone of $103k500. If Bitcoin holds this zone, we will surely return towards $107k, nothing is certain.
And if Bitcoin breaks the blue zone, we have a trend line that has held strong for a long time and it is apparently very resistant to breaking, but if the price tests a level too much, that level tends to break. However, we are watching what the market will do.
We just have to pray that Bitcoin does not break and does not close below the lowest point of last week represented by the red arrow.
But the MACD and the signal are pointing down and the histogram is red which means that sellers are strong, so there is a possibility that we will drop below $100k before the end of this week, but we are still waiting for the resistance of our trend line to avoid that.
#Market_Update #BTC
Currently, Bitcoin is facing a support that has been several times a resistance, the blue line in the zone of $103k500. If Bitcoin holds this zone, we will surely return towards $107k, nothing is certain.
And if Bitcoin breaks the blue zone, we have a trend line that has held strong for a long time and it is apparently very resistant to breaking, but if the price tests a level too much, that level tends to break. However, we are watching what the market will do.
We just have to pray that Bitcoin does not break and does not close below the lowest point of last week represented by the red arrow.
But the MACD and the signal are pointing down and the histogram is red which means that sellers are strong, so there is a possibility that we will drop below $100k before the end of this week, but we are still waiting for the resistance of our trend line to avoid that.
#Market_Update #BTC
Thabks for sharing 🙂
Eternel insatisfait
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🔔 Are you looking for a simple way to generate passive income with your cryptos? Try #SoftStaking on Binance! Soft Staking allows you to earn daily rewards just by holding compatible tokens (like ATOM, SOL, DOT) in your Spot Wallet. No need to lock your funds or follow complicated procedures.
👉 How to activate it?
1️⃣ Buy or transfer eligible tokens to your Binance Spot wallet.
2️⃣ Activation is automatic: Binance takes care of the rest. You start earning without doing anything else!
✅ Benefits of Soft Staking:
Earn daily rewards without losing the flexibility to use your assets.
No lock-up period: you can sell or transfer your tokens whenever you want.
Perfect for optimizing your income while staying responsive to market opportunities.
💬 My personal experience: I have been using Soft Staking for several months on ATOM and SOL, and it is really convenient. I continue to trade when I want, while receiving automatic passive income. It’s an excellent complement for hodlers who want to stay flexible while making their cryptos work.
#SoftStaking #Binance #CryptoIncome #EasyCrypto #PassiveInvestment
👉 How to activate it?
1️⃣ Buy or transfer eligible tokens to your Binance Spot wallet.
2️⃣ Activation is automatic: Binance takes care of the rest. You start earning without doing anything else!
✅ Benefits of Soft Staking:
Earn daily rewards without losing the flexibility to use your assets.
No lock-up period: you can sell or transfer your tokens whenever you want.
Perfect for optimizing your income while staying responsive to market opportunities.
💬 My personal experience: I have been using Soft Staking for several months on ATOM and SOL, and it is really convenient. I continue to trade when I want, while receiving automatic passive income. It’s an excellent complement for hodlers who want to stay flexible while making their cryptos work.
#SoftStaking #Binance #CryptoIncome #EasyCrypto #PassiveInvestment
useful content
Eternel insatisfait
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🚀 Did you know that you can make your crypto-assets work without locking them up? This is exactly what Soft Staking offers on Binance! 💡
Unlike traditional staking, the #SoftStaking allows you to maintain total flexibility over your funds. Your assets remain available at any time: you can withdraw, trade, or transfer whenever you wish, while still receiving daily rewards. 🎉
It’s an ideal solution for those who want to optimize their returns without sacrificing their freedom of action. No need to choose between security and liquidity: with the #SoftStaking , you benefit from both at the same time. 🔒💰
👉 Whether you are a beginner investor or an experienced user, Soft Staking is a simple and practical opportunity to grow your portfolio. Don’t wait any longer, let your crypto work for you starting today with Binance! 🌍
#SoftStaking #Binance #CryptoEarnings
Unlike traditional staking, the #SoftStaking allows you to maintain total flexibility over your funds. Your assets remain available at any time: you can withdraw, trade, or transfer whenever you wish, while still receiving daily rewards. 🎉
It’s an ideal solution for those who want to optimize their returns without sacrificing their freedom of action. No need to choose between security and liquidity: with the #SoftStaking , you benefit from both at the same time. 🔒💰
👉 Whether you are a beginner investor or an experienced user, Soft Staking is a simple and practical opportunity to grow your portfolio. Don’t wait any longer, let your crypto work for you starting today with Binance! 🌍
#SoftStaking #Binance #CryptoEarnings
👋 Hello Binance Square team!
I'm Josué, a crypto and Web3 enthusiast based in Togo.
If you're interested in airdrops, good Web3 deals, and want to understand crypto without the hassle, you're in the right place.
Here, I will share with you:
📦 Reliable and easy-to-follow airdrops
🎯 Promising projects to keep an eye on (aka some alpha 😉)
🧠 Simple and useful content to help you progress, even if you're a beginner
My goal is clear: to support you in learning, earning, and evolving in this new Web3 universe. We'll move forward together, step by step.
🚀 If you're ready to dive into the Web3 adventure, comment “Present” and let me know which country you're from!
👉 We're starting strong, so turn on notifications to not miss anything.
#BinanceSquareFamily #CryptoAfrique #Web3 #ALPHA🔥
I'm Josué, a crypto and Web3 enthusiast based in Togo.
If you're interested in airdrops, good Web3 deals, and want to understand crypto without the hassle, you're in the right place.
Here, I will share with you:
📦 Reliable and easy-to-follow airdrops
🎯 Promising projects to keep an eye on (aka some alpha 😉)
🧠 Simple and useful content to help you progress, even if you're a beginner
My goal is clear: to support you in learning, earning, and evolving in this new Web3 universe. We'll move forward together, step by step.
🚀 If you're ready to dive into the Web3 adventure, comment “Present” and let me know which country you're from!
👉 We're starting strong, so turn on notifications to not miss anything.
#BinanceSquareFamily #CryptoAfrique #Web3 #ALPHA🔥
Great content
Eternel insatisfait
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🔥 $FUN Hits 100K+ On-Chain Holders!
Huge milestone for the FUN community — 100,000+ holders strong and counting! 🙌
This is just the beginning of something massive.
💥 Next stop: 1 MILLION holders by 2026
💎 The fastest-growing, most rewarding ecosystem in Web3 is being built right now.
To everyone who believed early — THANK YOU.
Let’s take this to the moon together. 🌕
#FUNToken #Fun
Huge milestone for the FUN community — 100,000+ holders strong and counting! 🙌
This is just the beginning of something massive.
💥 Next stop: 1 MILLION holders by 2026
💎 The fastest-growing, most rewarding ecosystem in Web3 is being built right now.
To everyone who believed early — THANK YOU.
Let’s take this to the moon together. 🌕
#FUNToken #Fun
Interesting, I will give it a try. Thank you very much.
Eternel insatisfait
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revolution in CeFi
Earn up to 2.5% APY on your BTC with Solv, now the exclusive manager of BTC strategies on Binance Earn! @solvprotocol $SOLV
🔍 CeFi, until now dominated by ultra-protective exchanges of their yield infrastructure, is finally opening up to innovation. And Solv is at the forefront of this major advancement. For the first time, Binance Earn partners with an external manager – Solv – to offer on-chain yield on your BTC, without compromising on custody or security. The result: you can now stake your BTC directly on Binance and receive a stable and transparent yield, with an APY of up to around 2.5%.
🔍 CeFi, until now dominated by ultra-protective exchanges of their yield infrastructure, is finally opening up to innovation. And Solv is at the forefront of this major advancement. For the first time, Binance Earn partners with an external manager – Solv – to offer on-chain yield on your BTC, without compromising on custody or security. The result: you can now stake your BTC directly on Binance and receive a stable and transparent yield, with an APY of up to around 2.5%.
Wow that's very concise. Thank you very much
Do you know Ethereum? You're going to love it even more after Pectra. Explanation for the curious
1/ 🚀 Ethereum explodes!
ETH rose +20% in 24h, flirting with $2,346, with a trading volume exceeding $51 billion! And this, just after its new Pectra update. 🎯
#Ethereum #Crypto #Blockchain
2/ 🧠 Quick reminder: what is Ethereum?
Ethereum = a blockchain that enables the creation of decentralized apps (dApps) via smart contracts. Second largest cryptocurrency after Bitcoin. 💡
#Web3 #ETH #SmartContracts
3/ 🔧 Pectra update, what's that?
Launched on May 7, 2025, it combines two upgrades: Prague (execution) + Electra (consensus). Goal: faster, more flexible, smarter. 🧠⚡
ETH rose +20% in 24h, flirting with $2,346, with a trading volume exceeding $51 billion! And this, just after its new Pectra update. 🎯
#Ethereum #Crypto #Blockchain
2/ 🧠 Quick reminder: what is Ethereum?
Ethereum = a blockchain that enables the creation of decentralized apps (dApps) via smart contracts. Second largest cryptocurrency after Bitcoin. 💡
#Web3 #ETH #SmartContracts
3/ 🔧 Pectra update, what's that?
Launched on May 7, 2025, it combines two upgrades: Prague (execution) + Electra (consensus). Goal: faster, more flexible, smarter. 🧠⚡
Lista is the next Aave
Eternel insatisfait
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🔓 What traditional lending platforms will never tell you…
👉 While some let their cryptos sit idle, others make them work 2x smarter with @Lista_DAO.
#ListaLending is not just another DeFi platform — it’s a silent revolution in the crypto lending universe.
🔥 Why Lista?
Because it offers what others don’t even dare promise:
✅ Ultra-low borrowing costs
✅ Optimized capital usage
✅ Smart algorithms that work while you sleep
💡 Imagine: borrowing without selling your tokens, all while enjoying the new Binance Launchpools. Yes, you can lend AND farm without compromise!
⚙️ On the security side? Lista guarantees:
🔐 Audited smart contracts
📡 Reliable oracles
🛡 Enhanced anti-liquidation mechanisms
📣 Whether you are a cautious HODLer or an ambitious DeGen, Lista Lending opens doors that were previously closed.
💬 And now, tell me in the comments:
👉 What asset will you use to borrow on Lista?
👉 Ready to change your yield strategy?
🔁 Comment, share if you like making your cryptos work smarter. The algorithm loves that 😉
#ListaLending #DeFiRevolution #BinanceLaunchpool
💬 Have you tried Lista? Share your feedback!
What asset do you plan to use for borrowing?
Have you already explored its potential on the Binance Launchpools?
👉 Say it in the comments
🔁 Like, to awaken DeFi around you!
👉 While some let their cryptos sit idle, others make them work 2x smarter with @Lista_DAO.
#ListaLending is not just another DeFi platform — it’s a silent revolution in the crypto lending universe.
🔥 Why Lista?
Because it offers what others don’t even dare promise:
✅ Ultra-low borrowing costs
✅ Optimized capital usage
✅ Smart algorithms that work while you sleep
💡 Imagine: borrowing without selling your tokens, all while enjoying the new Binance Launchpools. Yes, you can lend AND farm without compromise!
⚙️ On the security side? Lista guarantees:
🔐 Audited smart contracts
📡 Reliable oracles
🛡 Enhanced anti-liquidation mechanisms
📣 Whether you are a cautious HODLer or an ambitious DeGen, Lista Lending opens doors that were previously closed.
💬 And now, tell me in the comments:
👉 What asset will you use to borrow on Lista?
👉 Ready to change your yield strategy?
🔁 Comment, share if you like making your cryptos work smarter. The algorithm loves that 😉
#ListaLending #DeFiRevolution #BinanceLaunchpool
💬 Have you tried Lista? Share your feedback!
What asset do you plan to use for borrowing?
Have you already explored its potential on the Binance Launchpools?
👉 Say it in the comments
🔁 Like, to awaken DeFi around you!
Nice content. You explain it well 🤙
Eternel insatisfait
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Awaken your dormant cryptos with @Lista_DAO!
👉 While some let their cryptos sit idle, others make them work 2x smarter with @Lista_DAO.
#ListaLending is not just another DeFi platform — it’s a quiet revolution in the crypto lending space.
🔥 Why Lista?
🛡️ Why choose Lista?
📡 Reliable oracle systems
⚖️ Robust liquidation mechanisms
Everything is designed to secure borrowers, liquidators, and investors in a solid ecosystem.
Because it offers what others don't even dare to promise:
#ListaLending is not just another DeFi platform — it’s a quiet revolution in the crypto lending space.
🔥 Why Lista?
🛡️ Why choose Lista?
📡 Reliable oracle systems
⚖️ Robust liquidation mechanisms
Everything is designed to secure borrowers, liquidators, and investors in a solid ecosystem.
Because it offers what others don't even dare to promise:
My Gee
Eternel insatisfait
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My Experience with the Earn Yield Arena: Tips and Strategies to Maximize Gains
After participating in several Earn Yield Arena campaigns, I’ve gained a better understanding of how this program works and refined my investment strategies. Here’s my feedback and some tips for those looking to make the most of it.
🔹 Understanding the Offers Before Investing
During my first participation, I realized how important it is to analyze each offer carefully. Some products offer high returns but require fund locking, while others are more flexible but come with lower interest rates. Reading the terms in detail helped me avoid unpleasant surprises.
🔹 Diversification is Key
I quickly learned that putting all my funds into a single offer wasn’t a good idea. Instead, I spread my investments between flexible staking and locked staking, allowing me to benefit from both good returns and liquidity when needed.
🔹 Seizing Opportunities in Time
One crucial lesson I learned: the best offers go fast! Enabling notifications and staying informed about new campaigns helped me secure the most attractive opportunities before they were fully subscribed.
🔹 Adapting Strategy to Market Fluctuations
Since the crypto market is volatile, I adjusted my strategy based on trends. During uncertain periods, I favored flexible staking to remain reactive, while in bullish phases, I opted for longer-term locks to maximize returns.
By applying these strategies, I managed to optimize my gains while minimizing risks. Have you tried the Earn Yield Arena yet? Share your experience in the comments! 💡👇
#BinanceEarnYieldArena
After participating in several Earn Yield Arena campaigns, I’ve gained a better understanding of how this program works and refined my investment strategies. Here’s my feedback and some tips for those looking to make the most of it.
🔹 Understanding the Offers Before Investing
During my first participation, I realized how important it is to analyze each offer carefully. Some products offer high returns but require fund locking, while others are more flexible but come with lower interest rates. Reading the terms in detail helped me avoid unpleasant surprises.
🔹 Diversification is Key
I quickly learned that putting all my funds into a single offer wasn’t a good idea. Instead, I spread my investments between flexible staking and locked staking, allowing me to benefit from both good returns and liquidity when needed.
🔹 Seizing Opportunities in Time
One crucial lesson I learned: the best offers go fast! Enabling notifications and staying informed about new campaigns helped me secure the most attractive opportunities before they were fully subscribed.
🔹 Adapting Strategy to Market Fluctuations
Since the crypto market is volatile, I adjusted my strategy based on trends. During uncertain periods, I favored flexible staking to remain reactive, while in bullish phases, I opted for longer-term locks to maximize returns.
By applying these strategies, I managed to optimize my gains while minimizing risks. Have you tried the Earn Yield Arena yet? Share your experience in the comments! 💡👇
#BinanceEarnYieldArena
#Binance to Pay $4.3B to Settle U.S. Criminal Case; Changpeng 'CZ' Zhao Resigns as CEO and Pleads Guilty in Seattle$
$BTC $ETH $BNB
Richard Teng takes over as CEO of the world's largest crypto exchange
Binance, the world's largest crypto exchange, was criminally charged with breaking sanctions and money-transmitting laws and agreed to pay $4.3 billion to settle the allegations in "one of the largest penalties" the U.S. has ever obtained from a corporate defendant.
Founder Changpeng "CZ" Zhao pleaded guilty in Seattle to charges he personally faced and agreed to pay a $50 million fine, as well as step down from the CEO job. Richard Teng, a former Abu Dhabi regulator and later Binance's regional markets head, will take over as CEO.
Binance was accused of failing to maintain a proper anti-money laundering program, operating an unlicensed money-transmitting business and violating sanctions law, according to a court filing unsealed on Tuesday.
Separately, the U.S. Treasury Department and CFTC announced their own settlements with Binance. Treasury Secretary Janet Yellen noted that Binance's settlement with her department's money laundering and sanctions watchdogs was the largest in Treasury history.
Zhao pleaded guilty to violating the Bank Secrecy Act and causing a financial institution to violate the BSA, according to another filing. His fine will be credited against the amount he owes the Commodity Futures Trading Commission, the U.S. Department of Justice said.
"Binance employees knew and discussed that the company was serving thousands of users in sanctioned countries, and they knew that facilitating transactions between U.S. users and users in sanctioned countries would be in violation of U.S. law. But they did it anyway," Attorney General Merrick Garland said during a press conference on Tuesday afternoon.
The $4.3 billion Binance is paying is among the largest penalties ever obtained from a corporate defendant, Garland said. The exchange's overall fine remains $4.3 billion, with some amount being credited to each agency.
#RichardTeng #BTC #ETH #bnb #FTX2.0
$BTC $ETH $BNB
Richard Teng takes over as CEO of the world's largest crypto exchange
Binance, the world's largest crypto exchange, was criminally charged with breaking sanctions and money-transmitting laws and agreed to pay $4.3 billion to settle the allegations in "one of the largest penalties" the U.S. has ever obtained from a corporate defendant.
Founder Changpeng "CZ" Zhao pleaded guilty in Seattle to charges he personally faced and agreed to pay a $50 million fine, as well as step down from the CEO job. Richard Teng, a former Abu Dhabi regulator and later Binance's regional markets head, will take over as CEO.
Binance was accused of failing to maintain a proper anti-money laundering program, operating an unlicensed money-transmitting business and violating sanctions law, according to a court filing unsealed on Tuesday.
Separately, the U.S. Treasury Department and CFTC announced their own settlements with Binance. Treasury Secretary Janet Yellen noted that Binance's settlement with her department's money laundering and sanctions watchdogs was the largest in Treasury history.
Zhao pleaded guilty to violating the Bank Secrecy Act and causing a financial institution to violate the BSA, according to another filing. His fine will be credited against the amount he owes the Commodity Futures Trading Commission, the U.S. Department of Justice said.
"Binance employees knew and discussed that the company was serving thousands of users in sanctioned countries, and they knew that facilitating transactions between U.S. users and users in sanctioned countries would be in violation of U.S. law. But they did it anyway," Attorney General Merrick Garland said during a press conference on Tuesday afternoon.
The $4.3 billion Binance is paying is among the largest penalties ever obtained from a corporate defendant, Garland said. The exchange's overall fine remains $4.3 billion, with some amount being credited to each agency.
#RichardTeng #BTC #ETH #bnb #FTX2.0
Justin Sun Confirms HTX, Heco Chain Exploited After $100M in Suspicious Transfers
HTX withdrawals and deposits have been temporarily suspended, and all losses will be covered by the exchange, Sun said.
Crypto exchange HTX and blockchain protocol Heco Chain were hacked for a cumulative $97 million in various tokens earlier Wednesday, Justin Sun, one of the investors at the exchange, confirmed in a post.
Sun said HTX will fully compensate for any losses originating from the exchange. Deposits and withdrawals are temporarily suspended while the remaining funds are secure.
“We are investigating the specific reasons for the hacker attack. Once we complete the investigation and identify the cause, we will resume services,” Sun said.
Blockchain security firm Cyver flagged suspicious transfers to the tune of $85 million earlier Wednesday. It said in a message to CoinDesk that the attack was due to a suspected private key leak, which allowed their holders to access the Heco bridge, which lets users transfer tokens between Heco Chain and Ethereum.
Heco Chain was set up by HTX, which continued to be one of its maintainers. A HTX spokesperson told CoinDesk that HTX and Heco Chain operate independently.
#BTC #JustinSun #HTX #RichardTeng #hodl
HTX withdrawals and deposits have been temporarily suspended, and all losses will be covered by the exchange, Sun said.
Crypto exchange HTX and blockchain protocol Heco Chain were hacked for a cumulative $97 million in various tokens earlier Wednesday, Justin Sun, one of the investors at the exchange, confirmed in a post.
Sun said HTX will fully compensate for any losses originating from the exchange. Deposits and withdrawals are temporarily suspended while the remaining funds are secure.
“We are investigating the specific reasons for the hacker attack. Once we complete the investigation and identify the cause, we will resume services,” Sun said.
Blockchain security firm Cyver flagged suspicious transfers to the tune of $85 million earlier Wednesday. It said in a message to CoinDesk that the attack was due to a suspected private key leak, which allowed their holders to access the Heco bridge, which lets users transfer tokens between Heco Chain and Ethereum.
Heco Chain was set up by HTX, which continued to be one of its maintainers. A HTX spokesperson told CoinDesk that HTX and Heco Chain operate independently.
#BTC #JustinSun #HTX #RichardTeng #hodl
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