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BUSD Deposits and Withdrawals via OCBS Suspended on Binance.US

Binance.US has temporarily halted some of its services, including BUSD stablecoin pairs via One Common Billing System, due to an ongoing investigation into the issue. The affected services include BUSD crypto deposits and withdrawals, buying, selling, and converting crypto options. The company has also temporarily suspended Apple Pay and Google Pay deposits to transition to new banking and payment service providers over the next several weeks. Additionally, Binance.US has halted debit card deposits for up to 5% of its customers. The news comes as Binance.US' global affiliate, Binance, faces legal action from the U.S. Commodity Futures Trading Commission for alleged trading violations.

(By HELEN PARTZ)

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