Binance Faces New Legal Hurdle; Ethereum ETF Demand Cools While Hybrid DTX Exchange Tops Chart With $1.5M Presale  

After a long journey of legal proceedings, sanctions, and the criminal sentence of Binance Founder Changpeng Zhao, the biggest exchange is again under scrutiny for money laundering allegations. This new lawsuit has raised questions over the security standards of Binance exchange and the prospects of its native currency BNB. 

Another point of concern for investors is the underperformance of Ethereum ETF, primarily influenced by the Grayscale Ethereum Trust (ETHE). This week, the continuous outflows from Ethereum ETF are raising eyebrows while investors shift capital to the emerging DTX Exchange (DTX) to safeguard their capital in sustainable avenues. 

Binance Under Fire After Fund Laundering Accusation Surfaces 

Binance and its former CEO, Changpeng Zhao, face a new legal hurdle after plaintiffs filed a money laundering accusation on August 16 in the U.S. District Court for the Western District of Washington, Seattle. The lawsuit alleges that the stolen funds of three investors were laundered through the Binance exchange, which hindered the recovery and resulted in significant financial losses. 

Moreover, plaintiffs accused Binance Exchange of becoming a hub of criminal procedures due to irregular security protocols, resulting in improper implementation of KYC and AML procedures. Despite none of the plaintiffs having direct accounts with the exchange, they argue that the stolen funds from other platforms ended up on Binance, where they were laundered.

The recent apologies of CZ over prioritizing profits over compliance with laws further strengthened the lawsuit. The legal scrutiny will influence the Binance Exchange’s user base to a great extent while the prospects of BNB price might also cease to display a bullish breakout in the upcoming days as expected. 

Grayscale’s $2.5 Billion Outflows: Ethereum ETF Raises Eyebrows

Ethereum ETF is making a historic streak by experiencing five consecutive days of outflows.  Grayscale Ethereum Trust (ETHE) saw over $2.5 billion in outflows on August 21 after $158.6 million in the past five days, leading outflows from all nine ETH ETFs. This trend for Ethereum ETF is raising speculations about its prospects and the price trajectory of ETH crypto.  

While the inflows in BlackRock’s iShares Ethereum Trust ETF (ETHA) and Bitwise Ethereum ETF (ETHW) have balanced the bleeding markets, Grayscale’s Ethereum ETF outflux is keeping the investors on the edge of their chairs. The ongoing negative trend for ETH ETF can significantly hamper the ETH price rally, following higher scrutiny and declining investor confidence.  

DTX Exchange (DTX) Sets New Security Standards With Layer-1

Following the legal scrutiny of Binance over security concerns, DTX Exchange (DTX) is emerging as a tradFi game-changer with ultimate decentralized security measures and centralized scope of regulatory frameworks. The project is set to change the trading dynamics with its hybrid model, empowering traders with the best combos of CEX and DEX features. 

Moreover, the marketplace is in high demand with the soon-to-launch first hybrid layer-1 blockchain to assist KYC-free onboarding and non-custodial wallets for users. The top-tier security protocols of DTX Exchange are nowhere to be found as they also provide speed, reliability, and integration of diverse financial assets, including stocks, bonds, and cryptos along with top-notch security. 

Secure Your Spot in DTX Presale Now at $0.04 

DTX Exchange (DTX) is raising bars with its record-breaking presale performance, raising an impressive $1.5 million in batch 2 of the public presale. DTX tokens are in high demand as global investors seek the cutting-edge tech of the marketplace, powered by artificial intelligence and advanced automation strategies with real-time market analytics.

The 1000x leverage feature of DTX Exchange provides it a competitive edge over existing big marketplaces. Traders can buy the DTX tokens at $0.04 for now as 85% of tokens are sold and the price will rise to $0.06 in the next presale stage. Early buyers won’t need to wait long to grab huge profits post-launch as the presale is speeding up with huge capital influx by institutions.   

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