This week, Binance takes the spotlight amid allegations of market manipulation and sanction violations. Meanwhile, regulators ramp up enforcement actions against a backdrop of crypto-related crimes — the latest involving Pepe Coin.

Binance’s SEPA concerns

Binance emerged as a focal point of attention this week, owing to a sequence of circumstances. 

The official Twitter support of the exchange alluded to a momentary cessation in EUR transfers, indicating the temporary suspension of SEPA transfers, without specifying a definite timeline for reinstatement.

Despite the lack of explicit reasons, Binance’s efforts to keep users informed maintain an air of anticipation about whether external factors might be at play.

Following reports of the concerns related to SEPA transfers, the company promptly addressed the situation through an official statement provided to crypto.news.

According to a Binance representative, the SEPA deposit and withdrawal services will be available until Sep. 25. Yet, individuals will encounter an increased emphasis on regulatory conformity.

As part of a proactive approach to conducting regular assessments, certain users may need to provide additional personal details.

Mounting allegations 

Shortly after this, Binance came under scrutiny as allegations of market manipulation gained limelight. On Aug. 23, Santiment disclosed that discussions in the crypto space have centered around Binance and its native token, BNB. 

According to the market intelligence platform, Binance has surged to the forefront of trending topics, securing the first position, while BNB follows closely in third place. 

Santiment attributed the surge in social mentions to growing claims of Binance’s potential involvement in market manipulation. Allegations speculate that CEO Changpeng Zhao might be strategically selling off Bitcoin (BTC) to uphold the value of BNB.

Binanc

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Author: Wahid Pessarlay

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