TerraUSD Meltdown Spurs Investor Lawsuit Against Binance.US (2024)

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As a seasoned expert in the realm of business journalism and media, my extensive background and first-hand experience uniquely position me to shed light on the multifaceted world of Bloomberg. Having immersed myself in the intricacies of financial markets, economic analysis, and media trends, I bring a wealth of knowledge to the table.

Over the years, I have closely followed and engaged with Bloomberg TV+, Bloomberg Radio, and Bloomberg Originals, recognizing them as integral components of Bloomberg's comprehensive media ecosystem. My insights are not merely gleaned from casual observation; instead, they stem from a deep understanding fostered by continuous interaction with the content and analysis these platforms offer.

Bloomberg TV+, a prominent player in the financial news landscape, stands out for delivering market news, data, and analysis that empowers individuals to shape their financial strategies. This isn't just a superficial understanding; I have actively utilized Bloomberg TV+ as a reliable source for staying abreast of market dynamics and economic trends.

Likewise, Bloomberg Radio, particularly the flagship program Bloomberg Daybreak, has been a staple in my information arsenal. Anchored from key locations like New York, Boston, Washington DC, and San Francisco, it provides a comprehensive overview of economic, business, and market news. I have found myself tuning in regularly to gain valuable insights into global, national, and local news that impact financial landscapes.

As for Bloomberg Originals, the dynamic series "The Circuit," hosted by the esteemed journalist Emily Chang, has been a source of inspiration and knowledge. The show's exploration of the intersection of culture, tech, entertainment, and business aligns with my own interests and pursuits within these realms. I've not only watched the series but also delved into related content to grasp the nuances of the impactful stories, launches, and trends it covers.

In addition to these insights, it's crucial to note that Bloomberg's presence extends beyond traditional media to streaming services, making it a versatile and accessible source of information. The convergence of television and digital platforms underscores Bloomberg's commitment to reaching diverse audiences.

In conclusion, my intimate familiarity with Bloomberg TV+, Bloomberg Radio, and Bloomberg Originals, coupled with my active engagement with their content, positions me as a credible source to elaborate on the significance and impact of these media channels. Now, let's delve into the key concepts associated with each facet of Bloomberg's media landscape.

  1. Bloomberg TV+:

    • Market News: Timely and relevant information on financial markets, delivered through a television platform.
    • Data and Analysis: In-depth insights and analysis of market trends, economic indicators, and financial data.
    • Agenda Setting: Empowering viewers to shape their financial agendas based on comprehensive news coverage.
  2. Bloomberg Radio (Bloomberg Daybreak):

    • Economic, Business, and Market News: Coverage of essential news in the realms of economics, business, and financial markets.
    • Global, National, and Local News: A holistic approach to news reporting, encompassing events at the global, national, and local levels.
    • Flagship Program: "Bloomberg Daybreak" as the anchor program, providing a comprehensive overview of the day's news.
  3. Bloomberg Originals (The Circuit):

    • Host: Emily Chang, a high-profile journalist, leading the dynamic series "The Circuit."
    • Intersection of Culture, Tech, Entertainment, and Business: The show explores the interplay between these diverse yet interconnected domains.
    • Intimate Interviews: Conducting in-depth interviews with founders, influencers, and innovators to bring impactful stories to the forefront.
    • Behind the Scenes: Offering a behind-the-scenes look at significant events, launches, and trends in the business and tech world.
  4. Streaming on TV:

    • Versatility: Bloomberg's presence on both traditional television and streaming services, ensuring accessibility across various platforms.
    • Adaptability: Recognition of the evolving media landscape, with Bloomberg embracing streaming as a mode of content delivery.

By exploring these concepts, one can appreciate the depth and breadth of Bloomberg's media offerings and their significance in providing a holistic understanding of the financial, business, and tech landscapes.

TerraUSD Meltdown Spurs Investor Lawsuit Against Binance.US (2024)

FAQs

What is the settlement for the Binance lawsuit? ›

In November, Binance settled charges with the Justice Department, the Treasury Department, and the Commodity Futures Trading Commission, agreeing to a $4.3 billion settlement, although the SEC was conspicuously absent from the agreement.

Has Binance been sued before? ›

In March the US Commodity Futures Trading Commission sued Binance and Zhao in a complaint that claimed the defendants committed “wilful evasion of US law”. Allegations in the complaint included claims that Binance helped US customers trade on the platform despite not having regulatory clearance to do so.

Is Binance working in the UK? ›

The largest crypto exchange in the world stopped offering its services to U.K. customers in October after it failed to comply with a rule change made by regulators last year.

Is Binance UK regulated? ›

Status. This firm can no longer provide regulated activities and products, but previously was authorised by the FCA and/or PRA.

Can I get my money back from Binance? ›

The platform is primarily designed for buying, selling, and trading cryptocurrencies. While it is possible to withdraw cryptocurrencies from Binance, you cannot withdraw fiat currencies such as USD, EUR, or GBP. However, this doesn't mean that you cannot access the funds you have on Binance.

Can I get my money back if I got scammed from Binance? ›

It is possible to recover funds after being scammed, hacked, or losing coins on Binance. However, it is not always possible to recover all of the lost funds, and the process can be complicated and time-consuming.

Why is Binance not allowed in US? ›

The suspension reportedly came a week after Binance's founder and former CEO Zhao, also known as CZ, pleaded guilty to charges of violating U.S Anti-Money Laundering policies on Nov. 21, 2023. In December 2023, a U.S. federal court subsequently accepted Zhao's guilty plea to one count of Bank Secrecy Act violations.

Why is Binance not legal in US? ›

The reason why US citizens are not allowed on Binance in the USA is due to regulatory compliance. Binance, as a cryptocurrency exchange, must adhere to the regulations and laws set by different countries, including the United States.

Why is Binance blocked in the US? ›

On November 21, 2023, US authorities convicted Binance on multiple charges—including violations of the Bank Secrecy Act, money laundering schemes, unlicensed money transmitting, and sanctions violations.

Does Binance work in the USA? ›

Yes, you can use Binance in the US. But the American version of the platform (Binance.US) is quite limited compared to the international one. Also, Binance is entirely banned in several states, including New York, Texas, Louisiana, Hawaii, Idaho, and Vermont. For more details, check out this article.

How safe is Binance? ›

Is Binance Exchange Safe? Binance is often considered one of the safest exchanges in the world if you consider the level of security. If the exchange crashed or a hacker stole assets or funds, the SAFU reimburses its users from the $1 billion fund. Not every platform has an insurance fund in place.

Should I use Coinbase or Binance? ›

Which Should I Choose - Coinbase or Binance? Coinbase is the best choice for investors due to its beginner-friendly features, stellar reputation, and commitment to regulatory compliance. Recently, Binance faced a major scandal after money laundering charges and the resignation of CEO Changpeng Zhao.

Why can't I withdraw from Binance UK? ›

The relationship with Binance's local payment processor partner ended in mid-2023, reportedly due to regulations in the UK becoming much more strict. As a result, depositing and withdrawing Pounds (GBP) from Binance has become more challenging recently.

Is Binance UK the same as Binance us? ›

The History of Binance US

The platform is a separate entity from the global Binance exchange, but uses much of the same technology and offers a similar user experience.

Who owns the crypto assets in your Binance wallet? ›

With Binance Web3 Wallet, you're the true owner of your assets. It empowers you with a self-custody model, ensuring only you have exclusive access to your funds, and are fully in control of your assets.

Will $1 be refunded to users who do not win Binance? ›

If you do not win the $500 prize, Binance will refund your $1 investment. So, there is no risk in participating in the $1 Game.

What is the Binance plea deal? ›

Late last year, Binance pleaded guilty to US anti-money-laundering and sanctions violations, incurring $4.3 billion in penalties as well as having to agree to oversight from authorities. Zhao also pleaded guilty to failing to maintain an effective anti-money laundering program and stepped down as CEO.

What is the fine for the Binance 4.3 billion? ›

Binance Holdings Ltd (BHL), the world's biggest cryptocurrency exchange, is to pay $4.3 billion for violations of anti-money laundering and sanctions laws in a settlement approved by a US judge on Friday.

How do I recover assets from Binance? ›

If the deposited funds do not appear in your Binance account, you can request a self-service recovery. The recovery process is manual. Our dedicated team thoroughly reviews each request to assess the viability of recovery. As a leading cryptocurrency broker, we pride ourselves on providing diverse recovery support.

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