NurPhoto / Contributor
- Binance is being blow-torched from all angles as US regulators close in on the world's largest crypto exchange.
- The SEC thinks it's operating unregistered securities, whilst some reports suggest Binance has engaged in secret fund transfers.
- Here's what's happening with Binance, and where the company is under pressure.
Binance, the world's largest cryptocurrency exchange, is braving one of the roughest patches since it was founded by Changpeng Zhao and He Yi in 2017.
Fighting on multiple fronts at the same time, the digital-asset giant is facing a raft of US regulatory probes while also trying to shore up investor confidence damaged by the so-called crypto winter and a string of high-profile bankruptcies and scandals in the industry.