Binance, the world’s largest cryptocurrency exchange, has been on the agenda for a while with the WazirX scandal. In this article, let’s take a look at the latest developments from the legal process, from Binance’s latest announcements.
Binance distributes APENFT (NFT) airdrop rewards
Binance has completed the 12th round of APENFT (NFT) airdrop rewards from TRON (TRX), BitTorrent OLD (BTTOLD), BitTorrent (BTTC), JUST (JST) and WINkLink (WIN) investors.
APENFT is a multi-chain platform based on TRON, Ethereum and BSC. The airdrop supported by Binance will be distributed to users who have the above cryptocurrencies.
#Binance completes the 12th round of APENFT (NFT) airdrop distribution to holders of the following projects:
🔸 TRON $TRX
🔸 BitTorrent Old $BTTOLD
🔸 BitTorrent $BTTC
🔸 JUST $JST
🔸 WINkLink $WIN https://t.co/NyZrug6zyS— Binance (@binance) August 8, 2022
Binance adds Solana to its Locked Savings list
Binence has added Solana (SOL) to its list of Locked Savings, which provides earnings for users with idle cryptocurrencies. Locked Savings is one of Binance’s products for monetizing idle cryptocurrencies. According to the official announcement, the annual interest rate for Solana will be 35%.
https://twitter.com/binance/status/156562303218335744
RIF is now on Binance’s list
Binance has announced that RIF has been added to Binence Convert. Users can now trade RIFs for BTC, BUSD, USDC and other tokens via Convert.
Binance announces it will stop off-chain transfers with WazirX
WazirX, which is claimed to play an active role in crypto money laundering, has been on the agenda with Binence for a while. This is because Binance announced its acquisition of the India-based exchange in 2019. On August 5, the Executive Directorate of India (ED) froze approximately $8.1 million in funding of WazirX. The Binence-related exchange is on trial for allegedly assisting about 16 fintech companies in laundering cryptocurrencies.
The latest statements by Changpeng Zhao, the founder and CEO of Binance, also caused panic among WazirX users. Zhao said that if Binance could shut down the Indian cryptocurrency platform, he wanted it. He also advised its users to transfer their funds to Binance. Zhao denies WazirX founder Nischal Shetty’s claims that the Indian stock market is owned by Binance, following an investigation by Indian government agencies.
