Survivors of the October 7th Hamas attack have sued the world's largest cryptocurrency exchange, Binance, accusing it of allowing terrorist organizations to raise funds on its platform, thus providing "material support" to the organization. The lead attorney in the case, David Schoen, stated in a statement that Binance and its affiliates have intentionally facilitated the flow of funds for Hamas and other evil terrorist organizations for years, and intentionally provided them with material support.

According to Coinglass data, the open interest of Bitcoin futures on centralized exchanges has reached a new historical high, with a total value of over 26 billion US dollars, surpassing the peak of open interest in the last quarter of 2021, which was 24 billion US dollars. Data shows that the open interest of Bitcoin futures on exchanges such as Binance, OKX, and Deribit has reached a high of over 21 billion US dollars.

Shen Chao, Binance has removed the peer-to-peer (P2P) trading function for the Nigerian currency Naira. Nigerian Binance users have expressed dissatisfaction and concern. It is reported that the P2P function allows users to trade directly without a third party. Binance has also attracted the attention of the Nigerian central bank because the bank is concerned about possible "suspicious fund flows." There have been reports that the National Security Adviser's office has detained two Binance executives in Abuja. Local cryptocurrency analysts are disappointed with the government's unfriendly attitude and believe that the government should focus on manufacturing and exporting rather than confronting cryptocurrencies.

The "Network Security Elite Award Program" jointly organized by the Hong Kong Police Force, the Hong Kong Government Computer Emergency Response Team Coordination Centre (GovCERT.HK), and the Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT) held its 4th award ceremony, recognizing outstanding performances by network security personnel in various industries in their respective fields. Among them, Binance won the Excellence Award in the Banking and Finance category, and Binance was also the only Web3 enterprise representative to receive an award this year. The Network Security Elite Award Program was first held in 2016 and is a landmark network security professional award in Hong Kong. Its aim is to commend outstanding achievements and professional skills of network security personnel in different industries. Carlos Mak, a member of the Binance investigation team, said: "Binance believes that close cooperation with law enforcement and regulatory agencies is an indispensable part of eliminating illegal elements in the industry. We are pleased to be able to work with Hong Kong law enforcement officers to make contributions in network security. In the future, Binance will continue to make efforts to improve the security of the global Web3 and build a reliable Web3 ecosystem."

Binance has announced that it has successfully recovered $4.4 billion worth of digital assets over the past two years. These assets were originally not properly accounted for due to user errors such as inputting incorrect wallet addresses, depositing incompatible tokens, and blockchain upgrade issues. In 2022 and 2023, Binance resolved 381,616 cases of cryptocurrency not being properly accounted for.

The Nigerian government has detained two senior executives of Binance, a cryptocurrency exchange platform, as part of a wider crackdown on crypto platforms. The move comes amid concerns over currency manipulation and illicit fund movements, which have been blamed for weakening the value of the local currency, the naira. The Central Bank of Nigeria has raised concerns over the flow of funds through Binance Nigeria, highlighting the need for regulatory scrutiny and collaboration among government agencies. Binance has disabled its peer-to-peer function for Nigerian users in response to the crackdown, raising uncertainties about trading on the platform. The future of crypto trading in Nigeria remains uncertain.

According to Bloomberg, Binance is launching a new VIP invitation program in hopes of attracting a new group of traders from traditional markets. The program lowers the threshold for becoming a VIP user and allows new users to apply for the Binance VIP program using the total amount of cryptocurrency and traditional assets (such as stocks) held on other external trading platforms. Previously, Binance users needed to have a total monthly trading volume of at least $1 million on the exchange platform to become a VIP. VIP users enjoy benefits such as lower trading fees and exclusive participation in events.

Binance will carry out scheduled system maintenance on selected trading pairs of Binance Convert, which is expected to enhance the overall system performance and stability. The maintenance is scheduled to take approximately two hours and will start at 09:30 (UTC) on February 28th, 2024. During the system maintenance period, the following trading pairs will temporarily be unavailable for trading on Binance Convert: WBNB-BNB, WETH-ETH, GXS-REI, BTTOLD-BTTC, TRXOLD-TRX, STGOLD-STG, RDNTOLD-RDNT, QUICKOLD-QUICK, AVAOLD-AVA, OPUSDCE-USDC, MATICUSDCE-USDC, ARBUSDCE-USDC, TUSDOLD-TUSD, PAX-USDP, BUSD-FDUSD.

Binance pleaded guilty to violating sanctions and anti-money laundering laws last year.

US Judge Richard Jones has approved the plea agreement for Binance to pay a fine of $4.3 billion. A Binance spokesperson stated in a statement, "Binance takes responsibility for its past actions and has made significant progress in taking the measures required by the plea agreement terms."