$4.4 Billion in Digital Assets Recovered After Deposit Glitch
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After receiving approval for its guilty plea and a $4.3 billion settlement deal from a US federal judge, Binance has efficiently recovered $4.4 billion in digital assets for users who encountered deposit errors in the last two years. These errors, stemming from reasons like inaccurate wallet addresses, incompatible token deposits, and challenges related to blockchain updates, were successfully addressed by Binance to ensure the retrieval of user funds.
Binance recently excluded the Nigerian naira from its peer-to-peer (P2P) service, a move occurring a week after Presidential adviser Bayo Onanuga accused the crypto exchange of manipulating Nigeria's fiat currency, contributing to its depreciation in the forex market. These allegations emerged amid speculations about the government contemplating a potential ban on cryptocurrency.
