Fortunately I already re-shorted :) and gonna add if nothing
drastic in AM.
As you may be aware, Binance.US, alongside other companies in
our industry, has become the target of aggressive tactics by the
United States Securities and Exchange Commission (SEC). The SEC has
brought unjustified civil claims against our business, from which
we will continue to vigorously defend ourselves, our customers, our
partners and industry.
Irrespective of the baseless claims, and in light of the
Commission’s increasingly aggressive tactics, our payment and
banking partners have signaled their intent to
pause USD fiat channels as early as June 13,
2023, meaning our ability to accept USD fiat deposits
and process USD fiat withdrawals will be impacted. As part of our
customer-first commitment, we are notifying users promptly so you
can take necessary actions as we transition to a
crypto-only exchange. To be clear, we maintain 1:1
reserves for all customer assets, so customer funds are always
safe, secure, and available.
Please note the following changes that will impact the
platform:
ACH WITHDRAWALS: We encourage customers to withdraw their USD via bank transfer (ACH) by June 13, 2023. Due to
elevated volumes and weekend bank closures, ACH withdrawals may
take longer than usual to process (e.g. up to several days); we
appreciate your patience.
USD DEPOSITS: To ensure a timely USD withdrawal process, we are
suspending USD deposits and recurring buy orders today and
beginning the transition to a crypto-only exchange. Any deposits
already initiated will be processed.
USD TRADING PAIRS: Beginning next week, we will start delisting
USD pairs (e.g., BTC-USD) on our platform, while continuing to
support stablecoin pairs (e.g., BTC-USDT).
USD BALANCES: Any USD balances remaining on the platform after
June 15, 2023 may be converted to stablecoin that can be withdrawn
on-chain.
Until we secure more stable banking partners, Binance.US will
remain a crypto-only exchange–at least for a time. We will continue
to provide you with updates via our
status page.
And naturally all withdrawl pages are giving 500 and 404
errors... Gotta love it. Take your money out within 5 days
... but we'll make sure our systems won't let you.
The "crackdown" on Coin and Binance are different. What they're
doing with Coin could actually be bullish for crypto. Important to
understand the difference.
SEC CRACK DOWN ON BINANCE
Posted by fredsaid on 8th of Jun 2023 at 10:52 pm
SEC CRACK DOWN ON BINANCE ... SHORT COIN and Crypto. I'm going to post the email I just got from Binance.
Fortunately I already re-shorted :)
Posted by fredsaid on 9th of Jun 2023 at 12:39 am
Fortunately I already re-shorted :) and gonna add if nothing drastic in AM.
As you may be aware, Binance.US, alongside other companies in our industry, has become the target of aggressive tactics by the United States Securities and Exchange Commission (SEC). The SEC has brought unjustified civil claims against our business, from which we will continue to vigorously defend ourselves, our customers, our partners and industry.
Irrespective of the baseless claims, and in light of the Commission’s increasingly aggressive tactics, our payment and banking partners have signaled their intent to pause USD fiat channels as early as June 13, 2023, meaning our ability to accept USD fiat deposits and process USD fiat withdrawals will be impacted. As part of our customer-first commitment, we are notifying users promptly so you can take necessary actions as we transition to a crypto-only exchange. To be clear, we maintain 1:1 reserves for all customer assets, so customer funds are always safe, secure, and available.
Please note the following changes that will impact the platform:
Until we secure more stable banking partners, Binance.US will remain a crypto-only exchange–at least for a time. We will continue to provide you with updates via our status page.
google.com
Binance.US Status: Real-Time And Historical Systems Statuses
Get real-time status updates on Binance.US services. Monitor deposit and withdrawal status, scheduled maintenance periods, historical data, and more.
And naturally all withdrawl pages
Posted by fredsaid on 9th of Jun 2023 at 12:53 am
And naturally all withdrawl pages are giving 500 and 404 errors... Gotta love it. Take your money out within 5 days ... but we'll make sure our systems won't let you.
The "crackdown" on Coin and
Posted by focus175 on 8th of Jun 2023 at 10:58 pm
The "crackdown" on Coin and Binance are different. What they're doing with Coin could actually be bullish for crypto. Important to understand the difference.
What's the difference ?
Posted by fredsaid on 9th of Jun 2023 at 12:40 am
What's the difference ?