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Regulator NYDFS Says Paxos Didn't Administer Binance USD in 'Safe and Sound' Manner: Reuters

The New York regulator said Paxos’ management of the stablecoin left it open to use by bad actors.

Updated Feb 13, 2023, 4:38 p.m. Published Feb 13, 2023, 4:02 p.m.
Adrienne A. Harris, superintendent of the New York Department of Financial Services (NYDFS)
Adrienne A. Harris, superintendent of the New York Department of Financial Services (NYDFS)