In a decisive move to cleanse its ecosystem, cryptocurrency exchange giant Binance has declared war on fraudulent intermediaries, publicly blacklisting individuals and companies while offering bounties as high as $5 million for information. This aggressive crackdown targets the long-running scam of “listing agents” who prey on crypto projects with false promises of guaranteed token listings for substantial fees. The action, announced by co-CEO Yi He, aims to protect projects, reinforce official channels, and solidify trust as Binance navigates expansion and heightened scrutiny.
about Binance Blacklists Fake Listing Agents, Offers $5M BountyYi He
0 posts last weekBinance Freezes Only 17% of Upbit Hack Funds, Sparking Security Debate
In the wake of a major cryptocurrency hack targeting South Korea’s Upbit exchange in late November 2025, the industry’s largest platform, Binance, has come under fire for its limited and delayed response. The exchange froze only 17% of the stolen funds requested by authorities, a move that has intensified scrutiny on how major exchanges handle illicit crypto flows and ignited a debate over systemic security failures.
about Binance Freezes Only 17% of Upbit Hack Funds, Sparking Security DebateBinance Exec’s WeChat Hacked in $55K Meme Coin Scam
The WeChat account of Binance co-CEO Yi He was hijacked this week and weaponized to promote the meme token MUBARA, executing a pump-and-dump scheme that netted attackers approximately $55,000. This incident, first flagged by Binance founder Changpeng Zhao (CZ), underscores persistent vulnerabilities in traditional social media security—or “Web 2” platforms—that are being exploited to defraud the cryptocurrency community. The hack follows a clear pattern of similar attacks targeting high-profile industry figures, raising urgent questions about off-chain security in an on-chain world.
about Binance Exec's WeChat Hacked in $55K Meme Coin ScamCrypto News Roundup: Schwab’s M&A Plans, Binance Leadership, UK Law
This week delivered significant, interconnected developments across the cryptocurrency and traditional finance sectors, signaling both institutional maturation and regulatory evolution. From Charles Schwab’s strategic openness to crypto acquisitions and Binance’s leadership restructuring to the United Kingdom’s landmark property law and Coinbase’s deepening bank partnerships, these moves collectively underscore a period of foundational integration for digital assets within the global financial system.
about Crypto News Roundup: Schwab's M&A Plans, Binance Leadership, UK LawBNB Plunges 12% as Scams Rock BNB Chain Ecosystem
Binance Coin (BNB) has tumbled over 12% this week, trading around $1,060—its lowest level in nearly a month—as a wave of scams and security breaches shakes investor confidence in the BNB Chain ecosystem. The decline comes alongside urgent warnings from Binance co-founders Changpeng ‘CZ’ Zhao and Yi He about fraudulent memecoin promotions and phishing attacks targeting users, highlighting systemic vulnerabilities in one of crypto’s most active networks.
about BNB Plunges 12% as Scams Rock BNB Chain EcosystemCrypto.com CEO Demands Probe Into $37B Exchange Liquidations
Crypto.com CEO Kris Marszalek has called for urgent regulatory investigations into cryptocurrency exchanges that recorded the highest liquidations during Saturday’s massive market crash, with ten platforms collectively seeing over $37 billion in liquidations. The demand comes amid widespread user complaints about trading difficulties, potential market manipulation, and allegations that some exchanges’ internal systems were exploited during the volatility, leaving investors unable to protect their positions.
about Crypto.com CEO Demands Probe Into $37B Exchange LiquidationsCZ Denies FT Report on YZi Labs Fundraising Plans
Binance founder Changpeng ‘CZ’ Zhao has publicly refuted a Financial Times report claiming his $10 billion family office, YZi Labs, was considering external investors. Zhao stated the firm remains exclusively for managing his personal wealth with no plans to accept outside capital. The rebuttal highlights ongoing tensions between crypto leaders and traditional financial media.
about CZ Denies FT Report on YZi Labs Fundraising PlansCZ’s $10B YZi Labs Considers External Funding
Changpeng ‘CZ’ Zhao’s $10 billion investment firm, YZi Labs, is actively considering opening its doors to external capital for the first time since 2022. This strategic reassessment is driven by a surge in investor demand and a perceived shift towards a more favorable regulatory environment for crypto under the Trump administration. The fund, which currently manages Zhao’s vast personal fortune alongside capital from early Binance insiders like co-founder Yi He, represents one of the largest concentrated pools of capital in the digital asset space, making its potential accessibility a landmark event for institutional investors.
about CZ's $10B YZi Labs Considers External FundingBNB Network Invests $160M in BNB, Becomes Top Holder
BNB Network Company (BNC) has invested $160 million to acquire 200,000 BNB tokens, making it the largest corporate holder of Binance’s native cryptocurrency. The purchase is part of a broader $500 million treasury plan and signals a strategic shift toward expanding the BNB Chain ecosystem, which claims 250 million users but lacks significant U.S. institutional adoption. While some analysts view this as a pivotal moment for BNB’s mainstream acceptance, others warn of increasing corporate control over crypto, potentially undermining its decentralized ethos. BNC plans further investments, including staking and DeFi activities, with potential total purchases reaching $1.25 billion. The move has already impacted BNC’s stock, which surged 700% last month, reflecting strong market interest in BNB exposure through traditional equities.
about BNB Network Invests $160M in BNB, Becomes Top HolderCZ’s YZi Labs Joins $135M Round for Canton Network
Changpeng Zhao’s YZi Labs has joined a $135 million Series E funding round for Digital Asset, the developer of the Canton Network, alongside traditional finance giants like Goldman Sachs and Citadel. The investment underscores growing institutional interest in blockchain solutions that comply with strict financial regulations. The Canton Network, designed for tokenizing real-world assets, offers configurable privacy to bridge the gap between transparency and confidentiality. With nearly 400 participants and $1.5 trillion in monthly tokenized U.S. Treasury repo volume, the platform is poised for expansion into new markets. YZi Labs and Digital Asset see this as a pivotal step toward merging traditional finance with blockchain technology.
about CZ's YZi Labs Joins $135M Round for Canton NetworkBinance Denies Sale Rumors Amid Asset Transfers and Regulatory Scrutiny
Changpeng Zhao (CZ), co-founder of Binance, has denied rumors of the exchange being for sale, attributing the speculation to competitors. Despite significant asset transfers raising questions, Binance clarified these were internal adjustments, not liquidations. The exchange is currently under regulatory scrutiny in France and the U.S., with investigations into potential money laundering and a paused legal case with the SEC, influenced by a new crypto task force.
about Binance Denies Sale Rumors Amid Asset Transfers and Regulatory ScrutinyCZ Denies Binance Sale Rumors Amid Asset Transfer Speculation
Changpeng Zhao, co-founder of Binance, has refuted rumors of the exchange being for sale, labeling them as competitor misinformation. He acknowledged ongoing interest from top investors and the possibility of future investments, while emphasizing that Binance is open to mergers and strategic partnerships.Recent asset movements within Binance were clarified as internal adjustments, not sales. The exchange faces regulatory scrutiny in France over money laundering allegations but is seeing progress in the U.S. legal situation, having filed a joint motion with the [SEC](https://www.sec.gov) to pause ongoing litigation for 60 days.
about CZ Denies Binance Sale Rumors Amid Asset Transfer Speculation