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Chronicles

The story behind the story

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Sources: Binance.US has struggled to find a bank for its customers' cash after Signature Bank's collapse and is using at least one middleman to store user funds

As a stopgap, the exchange is using at least one middleman to store user funds on its behalf

Wall Street Journal

Discussion

  • @bitfinexed @bitfinexed on x
    Imagine trying to get a bank account when your chat logs are publicized by regulators, and you're knowingly laundering money for terrorists. That should go over very well. Why don't they use Deltec? They take those clients. https://twitter.com/...
  • @aosipovich Alexander Osipovich on x
    Inside Binance US's quest for a bank account, with @ceostroff and @RachelEnsignWSJ https://www.wsj.com/...
  • @smtuffy Sean Tuffy on x
    Being accused of money laundering and OFAC violations will have that effect https://www.wsj.com/...