The report paints a picture of the lack of transparency on the part of Binance over its financial disclosures.
The exit comes a week after publishing Binance’s Proof-of-Reserves report. Mazars Group said the reasons behind it are concerns regarding the way these reports are understood by the public.
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The lawsuit accuses Silvegate Bank for abetting FTX’s fraudulent activities through improper transfers, lending user funds and comingling funds.
O’Leary said that FTX and Binance “were at war with each other and one intentionally put the other out of business”.
In recent update on withdrawals, Binance chief said “things seem to have stabilized” and that “deposits are coming back in”.
SBF’s arrest happens just a day before his scheduled Congressional hearing. His extradition to the U.S. might happen soon.
After being threatened of receiving a subpoena, FTX founder finally agreed to testify before the Congress.
The probe relates to the suspicions “unlicensed money transmission, money laundering conspiracy, and criminal sanctions violations” by Binance.
The NYTimes report noted that there was a flood of sell orders for TerraUSD (UST) from crypto exchange FTX in May this year.