The shadows of crypto winter are once again looming over cryptocurrencies and digital assets. Just when Bitcoin was beginning to recover some of the lost ground, doubts about Binance, the world’s largest crypto-asset platform, and about its founder, Changpeng Zhao, return uncertainty and falls to the markets.
On this occasion, the reason must be found in the investigation that US regulators have opened on the company and on its maximum responsible for alleged malpractices for years. Specifically, Binance and Zhao have been accused this Monday of “numerous violations” of financial and regulatory standards in the country.
“For years, Binance knew it was violating CFTC rules, actively working both to keep money flowing and to prevent compliance,” Rostin Benham, chairman of the CFTC, the Futures Trading Commission, said in a statement. of Basic Products that regulates futures and options markets.
The news has deepened the falls in the price of cryptocurrencies, where Bitcoin, the most popular of the thousands that exist, once again sets the pace. The virtual currency is left more than 3% this Monday and fights to maintain the level of 27,000 dollars. Ethereum is also around 3% declines and is trying to save the 1,700 greenbacks, while Cardano is down more than 3.5% and stands at $0.34.
The US regulator’s accusations coincide with the problems that the platform has had to face in recent days. Last Friday, Binance was forced to temporarily suspend deposits and withdrawals from its clients alleging a problem that affected spot operations, as reported through its social networks.
Hours later, Zhao himself, CEO of the company, reported that a ‘bug’ had occurred that was expected to be resolved within a maximum period of 2 hours, adding that the “pause” in deposits and withdrawals followed the operating procedure standard.
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