Binance US Stops All USD Transfers As SEC Intimidates Bank Partners
The bad news around Binance US does not stop.
![image Bitcoinist](https://image.coinlive.com/24x24/cryptotwits-static/192a3796569bb8968f30266b8815d09f.jpeg)
The bad news around Binance US does not stop.
Volumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows.
In addition to the CFTC lawsuit, a U.S. District Court has halted the sale of Voyager Digital.
The FDIC said early estimates showed that Silicon Valley Bank's failure cost its Deposit Insurance Fund around $20 billion.
The DOJ issued subpoenas to both firms
Signet, the payment network widely used by Web3 businesses, still remains under the FDIC control.
Signature Bank has found a buyer after a week long financial odyssey, the New York Community Bancorp, Inc.
A stablecoin is a cryptocurrency that has its prices pegged to that of different assets, often to fiat currencies.
The U.S. Attorney’s Office for the Southern District of New York will now be handling the investigation, Bloomberg reported Monday.
At least three blockchain projects have publicly announced that their teams have opened their arms and are ready to accept any former developers who leave after the collapse of the Terra ecosystem.