The price of bitcoin has strongly sunk on the background of SEC statements and the alleged hacking of Binance (updated)

in bitcoin •  7 years ago 




The Securities and Exchange Commission of the United States (SEC

) stated that in the event that tokens trading under the definition of securities are traded on a crypto exchange, these platforms must be registered with the SEC as national stock exchanges, alternative trading systems or brokers in  accordance with federal legislation.  Representatives of the Commission note that many crypto-exchange sites only submit themselves as registered entities, but in fact they are not, which means that there is no legal protection for investors.  Despite the fact that these platforms have developed security standards, the SEC did not check them and did not approve trade protocols.  "Some of these platforms provide mechanisms for trading assets that fall under the definition of" securities "under the federal securities law.  If the platform offers the sale of digital assets that are securities and acts as an exchange under the federal securities law, such a platform must be registered with the SEC as a stock exchange or get exemption from registration, "the Commission said in a statement.  At the same time, rumors of a fourth burglary in the volume of the Binance currency exchange are actively spreading in the network.  Reddit users report that some bitcoin assets were transferred to Ethereum and withdrawn from the site.  Some report the impossibility to withdraw funds, while others deny and claim that everything is working in a regular mode.  Binance's official statement says that the exchange is aware that users using API keys to synchronize with trading bots have become the main victims of unauthorized trading operations.  At the same time, it is asserted that the stock exchange itself is not hacked.  The network is also discussing the likelihood of hacking a popular trading bot that could sell bitcoin and some altcoyins in favor of other assets.  Against the backdrop of these two news, the weighted average bitcoin rate in just an hour or so collapsed by almost $ 1000, dropping on a number of exchanges below $ 9,500.  Update 1 CEO Binance Changpeng Jao ​​said that the problem is localized and all unauthorized transactions will be canceled.  ForkLog continues to follow developments.  Let's remind, in the end of January the stock exchange Coincheck has been cracked.

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