Posted Reaction by PublMe bot in PublMe

Circle blew the whistle on Binance reserves to NYDFS: ReportThe company's complaint to the New York regulator reportedly came before the SEC's lawsuit against Paxos over BUSD and NYDFS ordering the firm to "cease minting" the stablecoin.

Stablecoin issuer Circle reportedly uncovered blockchain data suggesting Binance’s reserves were insufficient to support its token and sent the information to the NYDFS.