Tag: Binance

Is Binance in trouble? Adam Cochran’s raises alarm about blow up

According to Adam Cochran, there are concerns surrounding Binance and the potential consequences of an alleged blowup. Although the tip has yet to be fully verified, if true, it could lead to a longer and more painful situation than originally anticipated. Cochran has shared this information with journalists to seek confirmation. Consequently, he has replaced […]

Binance’s “Hot Wallet 7” sends $240,000 to suspected phishing address: what really happened?

A recent transaction on Etherscan revealed that Binance’s official “Hot Wallet 7” transferred $240,000 worth of USDC to an address labeled as “Fake_Phishing.” However, before jumping to conclusions, it’s important to consider a more plausible explanation. It is likely that the owner of the “Fake_Phishing” address made a standard withdrawal from Binance, and Binance was […]

Binance CEO CZ clears the air on Bitcoin sell-off allegations

Binance CEO Changpeng Zhao, commonly known as CZ, has responded to allegations of a significant sell-off of Bitcoin (BTC) by Binance, which were linked to a 7% price drop. CZ addressed the accusations on Twitter and shared a thread by a user named ZkHopium, who presented a detailed analysis disproving the claims. The analysis focused […]

$1 billion crypto liqudiations in 24 hours: who’s responsible?

Crypto traders experienced significant losses as bitcoin and ether suffered a sharp sell-off. Over the past 24 hours, approximately $1 billion in liquidations occurred, according to Coinglass data. Bitcoin’s price dropped to around $25,000 on the Binance exchange, reaching a two-month low. Long positions totaling $821 million were wiped out during the sell-off, with bitcoin […]