🤯 Record long position in history — $1 billion, opened at $ | Danchez8 on Binance Square

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🤯 Record long position in history — $1 billion, opened at $108,084 for $BTC .
Liquidation will occur at $103,646.

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Bitcoin has updated its historical maximum on some exchanges and on CoinMarketCap. $109,500 ✅

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Binance Requests FTX Dismissal of $1.76 Billion Cryptocurrency exchange Binance has filed a motion to dismiss a $1.76 billion lawsuit from FTX. The company's lawyers called the claims "legally invalid" and demanded that the case be dismissed. FTX filed the lawsuit last November, accusing Binance of intentionally draining funds through a 2021 deal. At that time, the former bought out 20% of the largest exchange's shares for crypto assets, including BNB, BUSD, and FTT. After FTX collapsed in 2022, the administration claimed that the deal was financed by stolen client money, and public statements by Binance CEO Changpeng Zhao triggered the bankruptcy. In court documents, the exchange team denied the accusations, calling them an attempt to shift responsibility for the collapse of FTX to third parties. The company recalled that the founder of the collapsed exchange, Sam Bankman-Fried, has already been sentenced to 25 years for fraud, and the platform continued to operate for 16 months after the 2021 deal. Binance's lawyers also emphasized that the company does not fall under US jurisdiction, and Zhao was not personally involved in the deal. FTX is in the process of contacting issuers about its assets and intends to file additional claims against parties that do not respond to requests. Recall that in April, FTX liquidators disqualified at least 392,000 compensation claims. #binance #ftx

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SEC Accuses Unicoin of $100M Fraud The Securities and Exchange Commission (SEC) has charged Unicoin and three of its executives with fraudulently offering certificates for its own token and shares. The defendants in the lawsuit are: Chairman and CEO Alex Konanykhin; Former CEO and current board member Silvina Moschini; Former Chief Investment Officer Alex Dominguez. According to the SEC, the company made unsubstantiated promises to “thousands of investors” that its future tokens would be backed by billions of dollars in real assets, including real estate and stakes in companies undergoing IPOs. According to the Commission’s statement, Unicoin claimed: to sell certificates worth more than $3 billion, while raising no more than $110 million; to register its products with the SEC, although this was not true. The alleged fraud was promoted through a massive campaign that included ads at airports, on thousands of New York City taxis, on television, and on social media. According to the SEC, it helped convince more than 5,000 investors to buy Unicoin certificates. The regulator accused the defendants of violating anti-fraud provisions of federal law. Additional claims against the company and Konanykhin relate to securities law provisions. The SEC is seeking restitution of illegally obtained income, legal costs, and civil penalties. The lawsuit also alleges fraud against Unicoin legal counsel Richard Devlin. Without admitting or denying the claims, he agreed to pay a fine of $37,500. Recall that in April, Konanykhin told investors that the company rejected the SEC's attempt to negotiate terms for ending the investigation, calling the terms "unacceptable."

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