Bitcoin Payments Firm Strike Moves Custody In-House After Ditching Third-Party Services

The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers.

• 2023-06-10
• Jack Mallers Prime Trust Strike Digital payments

Exclusive-Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show. Over the first three months of 2021, more than $400 million flowed from the Binance.US account at California-based Silvergate Bank to this trading firm, Merit Peak Ltd, according to records for the quarter, which were

• 2023-02-17
• Changpeng Zhao Silvergate Bank Catherine Coley Merit Peak Binance trading firm bank account Prime Trust global exchange Susan Li