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May 25 โ€ข 5 tweets โ€ข 4 min read Twitter logo Read on Twitter
๐Ÿ”’ Binance Allegedly Mixed Customer and Company Funds ๐Ÿ”

@binance, one of the largest cryptocurrency exchanges, allegedly mixed customer and company funds between 2020 and 2021.

These questionable activities have raised concerns over internal controls. Image
@binance Reports suggest that @binance used @silvergatebank as a central fixture in its financial operations, combining customer funds with company revenues into a third Silvergate account.

This account was then converted into the Binance USD (#BUSD) token.
@binance @silvergatebank The situation becomes more complex as the U.S. Commodity Futures Trading Commission (CFTC) has charged Binance with "structuring" transactions to evade U.S. financial regulations.
@binance @silvergatebank Binance had relied on Silvergate Bank for its U.S. dollar banking services.

However, Silvergate Bank has faced its own challenges, including customer withdrawals and regulatory scrutiny.

Binance has since established offshore accounts in response to increased U.S. regulation.
@binance @silvergatebank The allegations surrounding Binance and the mixing of funds raise important questions about transparency and compliance in the cryptocurrency industry.

Stay informed with @mpost_io for more updates on this developing story.

mpost.io/binance-allegeโ€ฆ
#Binance #Silvergate

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More from @mpost_io

May 25
๐Ÿ”’ Zero Knowledge: A Game Changer! ๐Ÿ’ก

Let's talk about zero-knowledge proofs and why they're an absolute game changer in the tech world.

At @nextblockexpo we got Raza Zaidi, the genius dev from @Scroll_ZKP, dropping some knowledge on us.

#nbx #scroll Image
@nextblockexpo @Scroll_ZKP In a zero-knowledge proof, the prover can prove a statement to the verifier without revealing any extra info, except for the fact that the statement is true.

It's like flexing your knowledge muscles without giving away the secrets. ๐Ÿคซ๐Ÿ’ช
@nextblockexpo @Scroll_ZKP This groundbreaking protocol has massive implications for privacy, security, and trust in digital transactions.

It's like having a secret handshake that proves your authenticity without spilling the beans. ๐Ÿคโœจ
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May 24
Mpost Daily News Recap - May 24, 2023

โžค @SuperRare Inaugurates an NFT Art Exhibition
โžค @WellaPro Introduces a Digital Beauty Tool
โžค @ParisHilton Collaborates With The @TheSandboxGame
โžค @VitalikButerin about Ethereum Consensus Algorithm

๐Œ๐จ๐ซ๐ž ๐ข๐ง ๐ญ๐ก๐ซ๐ž๐š๐ ๐Ÿงต๐Ÿ‘‡ Image
@SuperRare @WellaPro @ParisHilton @TheSandboxGame @VitalikButerin โžค @WellaPro Introduces a Digital Beauty Tool, โ€œThe Wella Generatorโ€

mpost.io/wella-professiโ€ฆ Image
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May 24
Big interview with co-founders of the Work3 Institute ๐ŸŽ™๏ธ

๐Ÿ”ฅ Exciting conversation with @JoshDrean and Deborah Perry Piscione (@web3summitNFT) about:

โžค Future of Work in the Web3 Era

๐Ÿ”ฅ Big thanks to our interviewer @medveps

๐Ÿ‘‰ Read full: mpost.io/work3-institutโ€ฆ Image
@JoshDrean @web3summitNFT @medveps โžค Both Deborah and Josh bring incredible experiences to the table.

Their combined insights paint a compelling picture of how #Web3 will revolutionize work, shatter old management styles, and redesign the employee experience. ๐ŸŒ๐Ÿ’ก
@JoshDrean @web3summitNFT @medveps โžค Deborah's journey from Washington, DC, to Silicon Valley, with her ventures funded thanks to chance encounters and her kidsโ€™ passion for #Bitcoin, is nothing short of inspiring.

Her commitment to the principles of web3 is clear. ๐Ÿ‘ฉโ€๐Ÿ’ผ๐Ÿ’ซ Image
Read 17 tweets
May 24
๐ŸŽ‰ #๐’๐œ๐š๐ฅ๐ข๐ง๐ ๐— ๐ƒ๐ž๐ฆ๐จ ๐ƒ๐š๐ฒ ๐’๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ ๐ŸŽ‰

โžค Innovation redefined at @scaling_x's "The Hunt For X" Demo Day.

โžค A testament to ambition, hard work & cutting-edge solutions.

Read more in our thread ๐Ÿงต Image
@scaling_x ๐Ÿ’ก Innovation On Display ๐Ÿ’ก

โžค From AI applications to sustainable tech, the future of tech is dazzling and diverse, as displayed by the brilliant minds at the event. Image
@scaling_x ๐ŸŒ The Future Of Tech ๐ŸŒ

โžค In a world where revolutionary tech is essential, "The Hunt For X" spotlighted the path ahead.

โžค We're left inspired, ready to support the industry's future changemakers. Image
Read 4 tweets
May 24
๐ŸŽง @EndelSound and @UMG have joined forces to create #AI-powered, artist-driven soundscapes for wellness.

Let's dive into this harmonious partnership. โคต๏ธ

#Endel #UniversalMusic Image
@EndelSound @UMG 1๏ธโƒฃ @EndelSound, a leading provider of personalized sound environments, and @UMG , one of the largest music companies in the world, have teamed up to revolutionize the wellness experience through AI-generated music.

๐Ÿ‘‰ Read full article: mpost.io/endel-and-univโ€ฆ
@EndelSound @UMG 2๏ธโƒฃ Through this collaboration, @EndelSound will harness the power of #AI to create unique soundscapes that promote relaxation, focus, and well-being.

These soundscapes will be driven by the artistic expertise and diverse music catalog of @UMG's incredible roster of artists. ๐ŸŽถ๐Ÿ’†โ€โ™€๏ธ
Read 4 tweets
May 24
๐ŸŒŸ Exciting news from Solana!

๐Ÿš€ The network has launched a $10M #AI Grants Fund and a #ChatGPT plugin, bringing the power of AI to the @solana ecosystem.

Let's dive into the details. โคต๏ธ Image
@solana 1๏ธโƒฃ #Solana has announced the launch of a $10M AI Grants Fund, dedicated to supporting innovative #AI projects built on the @solana blockchain.

This fund will empower developers to explore the intersection of AI and blockchain technology.

mpost.io/solana-launcheโ€ฆ
@solana 2๏ธโƒฃ The AI Grants Fund aims to foster the development of #AI-powered applications, tools, and services on the Solana network.

It's an incredible opportunity for developers to leverage the scalability and performance of Solana's infrastructure in their AI projects. ๐Ÿ’ก๐Ÿ”ฌ
Read 7 tweets

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