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Binance was accused of money laundering for $2.35 billion
As Reuters found out, over 5 years, the world's largest cryptocurrency exchange, Binance, laundered $2.35 billion in illegal funds. The agency relied on court records, statements from law enforcement agencies and blockchain data.According to the agency, among the illegal payments that passed through Binance from 2017 to 2021 were lost millions from Eterbase. In 2020, the hacker group Lazarus hacked a small Slovakian crypto exchange and stole approximately $5.4 million worth of virtual currency.Hours later, the hackers are said to have opened at least 20 anonymous accounts on Binance, allowing them to convert the stolen funds and hide the money
THE CREATOR OF THE ETHEREUM CRYPTOCURRENCY IS NO LONGER A BILLIONAIRE
The creator of the Ethereum blockchain platform and the cryptocurrency of the same name, Vitalik Buterin, said that he is no longer a billionaire. He wrote about this on Twitter in a comment to a publication about the recent activity of SpaceX and Tesla founder Elon Musk and Amazon founder Jeff Bezos on this social network.“By the way, I am no longer a billionaire,” Buterin said in his post.However, the creator of Ethereum did not explain why it is no longer such.Earlier it was reported that Buterin received Montenegrin citizenship
WHY DO YOU NEED CONFIRMATION OF BITCOIN AND ALTCOIN TRANSACTIONS AND HOW LONG DOES IT TAKE?
Bitcoin/Altcoins transactions are carried out differently from other electronic money transfers. The creation of Bitcoin, as well as its transfer from one user to another, is possible only with the help of certain people called miners. Our cryptocurrency exchanger cannot in any way influence the activities of miners, and this is one of the reasons that a transaction sometimes lasts from several minutes to several hours. Once a transaction is added to a specific block of the blockchain network, the transaction is confirmed. The following factors may also affect the speed of transaction confirmation: how busy the Bitcoin/Altcoins network is; commission percentage assigned