BinanceUS Interim CEO: "BinanceUS Plans to Resume USD Deposits and Withdrawals Within Weeks... Aiming to Restart Operations"
Minseung Kang
- BinanceUS announced plans to resume USD deposits and withdrawals within weeks.
- The company stated it is working on partnerships with local banks and discussions with regulatory authorities to resume operations.
- Despite experiencing customer and asset losses due to the operational halt, they are striving for recovery.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
BinanceUS is preparing to restore USD deposits and withdrawals soon and is gearing up to resume operations.
According to the cryptocurrency-focused media outlet CoinDesk on the 14th, Norman Reed, the interim CEO of BinanceUS, stated, "BinanceUS expects the fiat currency (deposit and withdrawal) services, including USD, to be activated within weeks." BinanceUS is partnering with local banks and continuing discussions with regulatory authorities to resume operations.
He claimed, "The SEC accused us of fraud without evidence and blocked currency transactions between BinanceUS and banks."
He added, "Within two weeks of the lawsuit being filed, we lost thousands of customers, and billions of dollars were withdrawn. Later, we had to lay off 70% of our staff," emphasizing, "We will never receive compensation for the damage inflicted on us by the SEC."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.PiCK News
[Today's Global Trending Coins] Ethereum, Coinbase, FTT & Others
1 hours ago![[Today's Global Trending Coins] Ethereum, Coinbase, FTT & Others](https://media.bloomingbit.io/prod/news/1fff3df9-4ea5-4a67-a72e-a7aed5193da8.webp)
US Bitcoin Spot ETFs Record Net Outflows for 4 Consecutive Trading Days
3 hours ago
Bybit Hit by $1.46B Ethereum Theft - Largest in History
8 hours ago
[NYSE Market Briefing] Major Indices Plunge on Deteriorating Consumer Sentiment... Nasdaq Down 2.2%
9 hours ago![[NYSE Market Briefing] Major Indices Plunge on Deteriorating Consumer Sentiment... Nasdaq Down 2.2%](https://media.bloomingbit.io/prod/news/03a29247-5f40-4c3f-b9fc-1d27ef33ecf9.webp)
Bybit: "All Exchange Cold Wallet Funds Absolutely Secure... Promise of Normal Operations"
16 hours ago
Ranking News