Quote from: AntonietteK on Today at 10:11:34 AM

Binance, a renowned cryptocurrency exchange, once at the forefront of the digital asset market, is now battling with legal investigations, with CZ at the center of the storm. Authorities contend that the exchange failed to comply with crucial regulatory standards

They are a hub of many attacks from other exchanges and many governments. It is not strange to see they finally got a conclusion from DOJ that they committed something wrong legally.

Quote

raising concerns about the security and legitimacy of its transactions.

It does not relate to security of Binance platform or their hot, cold wallets, treasuries. It is only about their compliance with KYC, AML (Know Your Customer, Anti Money Laundering) and the only punishment they got now is about KYC, AML failures. But we will still have to wait for the final and official sentence from the court in February 2024. I don't think anything will be change from today to February next year.

Quote

What direction are we heading to and where are we safe to carry out crypto-related activities?

You want to be safe?

Don't store your money, cryptocurrencies including your bitcoin on centralized exchanges or any online account. You don't hold private keys, you don't own any cryptocurrencies.

Reminder: do not keep your money in online accounts