Crypto Drop, Binance Phishing, SEC Regulation

The SEC drops the bomb that crypto exchanges will have to register if they are operating in the US. The market is selling off in response to the FUD.

Binance halts withdrawals, while trading remains up and running. A phishing attack had compromised some accounts and began liquidation. This set off alarms and security was able to limit any losses. Binance reminds users that they will never be asked for passwords or funds by Binance.

The negative headlines are pushing down markets for now, will regulation bring an influx of new money? Leave your opinion in the comments below.