Binance Founder Should Get 3 Years in Prison, Prosecutors Say: Lawyers for Changpeng Zhao, the founder of the crypto exchange Binance, countered that he should ...
nytimes.com/2024/04/24/technology/binance-changpeng-zhao.html
Quick Glance: DOJ Calls for Binance Founder to Spend Three Years in Prison
- The U.S. Department of Justice stated that Binance's founder, Changpeng "CZ" Zhao, should spend three years in prison for enabling the crypto exchange to violate federal laws on money laundering and sanctions.
- Zhao pleaded guilty to violating the Bank Secrecy Act, with the DOJ recommending a 36-month prison sentence and a $50 million fine.
- Emphasizing the need for a significant punishment, the DOJ highlighted Zhao's financial gains from illegal activities and the importance of deterring others from similar actions.
- The court will decide between incarceration and probation for Zhao, with his defense arguing against his knowledge of specific transactions and advocating for probation due to a lack of risk of repeat offenses.
Prosecutors want Binance's CZ kept on tighter leash ahead of sentencing: A federal judge previously barred Zhao, the former head of the world's largest ...
cnbc.com/2024/02/23/prosecutors-want-binances-cz-kept-on-tighter-leash-ahead-of-sentencing.html
Quick Glance: Prosecutors Seek Stricter Control for Binance's CZ
- Changpeng Zhao, founder and CEO of Binance, attended the Viva Technology conference in Paris.
- U.S. prosecutors requested tighter bond conditions for Changpeng 'CZ' Zhao ahead of his sentencing in April.
- Zhao pleaded guilty for violating the Bank Secrecy Act and resigned as Binance's CEO.
- Zhao's lawyers objected to the proposal to further restrict his movement.
Binance has quietly offloaded its venture capital arm: The decision to spin off Binance Labs comes amid an SEC crackdown and leadership changes at the crypto ...
qz.com/binance-labs-venture-capital-spinoff-1851338794
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Ex-Binance CEO Zhao’s Sentencing on US Charges Delayed to April: Binance Holdings Ltd. founder Changpeng Zhao’s sentencing for failing to implement anti-money ...
trib.al/iuZizbB
Binance’s Zhao again blocked from traveling by U.S. judge: Changpeng Zhao, the former CEO of the largest crytocurrency exchange, pleaded guilty to not maintaing ...
bloomberg.com/news/articles/2023-12-29/binance-s-zhao-again-blocked-from-traveling-by-us-judge
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Binance CEO Changpeng Zhao Quits, Pleads Guilty, and Must Pay $200 Million in Fines
wired.com/story/binance-cz-ceo-quits-pleads-guilty-breaking-law/
Quick Glance: Binance Faces Billions in Fines, CEO to Step Down Over Money Laundering Charges
- Founder and CEO of Binance, Changpeng Zhao, also known as 'CZ', plans to step down and plead guilty to violating US anti-money laundering regulations, according to a report from the Wall Street Journal.
- The crypto exchange did not respond to multiple requests for comment from TechCrunch regarding the charges.
- Binance was founded in June 2017 and quickly rose to become the world's largest crypto exchange within 180 days.
- In the past 24 hours, Binance's trading volume exceeded $11.6 billion, marking a 515% increase over the second largest exchange, Coinbase, according to CoinMarketCap data.
Disgraced Ex-Binance CEO Changpeng Zhao Barred From Leaving U.S. Before Sentencing
thedailybeast.com/disgraced-ex-binance-ceo-changpeng-zhao-barred-from-leaving-us-before-sentencing
Quick Glance: Binance Founder Restricted by Judge Due to Wealth
- Binance founder Zhao Changpeng is unable to leave the U.S. before his sentencing due to his immense wealth and lack of ties to the country.
- The federal judge's decision reverses a previous approval for Zhao to travel to the UAE before his sentencing on Feb. 23.
- Judge Jones found that Zhao has not proven by clear and convincing evidence that he is not likely to flee if he returns to the UAE.
- Despite being released on bail, Judge Jones has temporarily prohibited Zhao from traveling home before the sentencing and considered the government's requests.
Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations: Changpeng Zhao will pay a $50 million fine and step down as chief executive of the ...
nytimes.com/2023/11/21/technology/binance-changpeng-zhao-pleads-guilty.html
The biggest tech stories of 2023 – from cyber warfare to AI’s ‘existential risk’: Crypto’s crown slipped, an AI godfather spoke out and Apple entered the ...
theguardian.com/technology/2023/dec/26/the-biggest-tech-stories-of-2023-from-cyber-warfare-to-ais-existential-risk
Changpeng Zhao, the fall of the last crypto prophet: The resignation of the Binance founder following anti-money laundering charges puts an end to the era of ...
english.elpais.com/economy-and-business/2023-12-23/changpeng-zhao-the-fall-of-the-last-crypto-prophet.html
Binance founder cannot leave the U.S. yet: Changpeng Zhao stepped down as CEO of the world's largest cryptocurrency exchange.
axios.com/2023/11/27/binance-founder-cannot-leave-the-us-yet
Quick Glance: Former Binance CEO's Stay in US Pending Trial
- Changpeng Zhao, founder and CEO of Binance, must remain in the US until the court in Seattle decides on his stay until his sentencing in February.
- He is a citizen of the United Arab Emirates and Canada and stepped down as CEO of Binance last week after pleading guilty to causing the company to fail to maintain an effective anti-money laundering program.
- The court will review whether Zhao should stay in the US after the US government appealed a decision allowing him to return to the UAE before his February sentencing.
- The government will take a position on the amount of jail time to seek for Zhao, according to a spokesperson for the Justice Department.
WSJ News Exclusive | Binance Founder Changpeng Zhao Agrees to Step Down, Plead Guilty
wsj.com/finance/currencies/binance-ceo-changpeng-zhao-step-down-plead-guilty-01f72a40
Inside Binance’s Guilty Plea and the Biggest Fine in Crypto History: The plea deal was a massive twist in the life of the industry’s most influential figurehead ...
wsj.com/finance/inside-binances-guilty-plea-and-the-biggest-fine-in-crypto-history-e959fca0
SEC wants Binance guilt admission added to own case: Binance responds to the SEC’s attempt to include guilty plea details, arguing procedural errors.
cointelegraph.com/news/sec-wants-binance-guilt-admission-added-to-own-case
From the ‘Forbes’ list to the abyss: The end of the line for three cryptocurrency visionaries
english.elpais.com/economy-and-business/2023-12-11/from-the-forbes-list-to-the-abyss-the-end-of-the-line-for-three-cryptocurrency-visionaries.html
#BSMorningShow | FTX’s Sam Bankman Fried is behind bars, former Binance chief Changpeng Zhao has pleaded guilty to violating US' anti-money laundering laws ... Show more
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https://www.youtube.com/watch?v=YcECCshAwCw
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https://www.youtube.com/watch?v=YcECCshAwCw
Copping a Plea: The Bloomberg Open, Asia Edition: Good Morning. Binance dodges the gallows, but CZ is going. Nvidia disappoints optimistic investors ...
bloomberg.com/news/newsletters/2023-11-21/copping-a-plea-the-bloomberg-open-asia-edition
From Crypto King to Money Launderer: The Deep Fall of Changpeng Zhao: The former CEO of the largest crypto trading platform Binance has to resign from his ...
derstandard.at/story/3000000196450/vom-krypto-koenig-zum-geldwaescher-der-tiefe-fall-des-changpeng-zhao
Here Are All The Crypto Firms Facing Charges From Regulators This Year: Several major cryptocurrency exchanges—including Binance, Kraken and Coinbase—faced ...
forbes.com/sites/tylerroush/2023/11/22/here-are-all-the-crypto-firms-facing-charges-from-regulators-this-year/
Binance and its CEO Changpeng Zhao pleaded guilty to criminal charges for anti-money laundering and US sanctions violations and agreed to pay over $4 billion ... Show more
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Will Binance come over to the light side?: With FTX crushed, CZ must decide whether to go along with regulation
economist.com/finance-and-economics/2023/10/19/will-binance-come-over-to-the-light-side
Binance’s CZ warns crypto community about emerging scam: Binance CEO Changpeng Zhao warned about a tricky and increasingly popular scam targeting the crypto ...
cointelegraph.com/news/binance-ceo-cz-warns-crypto-community-about-emerging-scam
Binance hit by outflows of $790 million in last 24 hours, data shows: Investors have pulled around $790 million from the crypto exchange Binance and its US ...
cnn.com/2023/06/06/investing/binance-outflows/
Quick Glance: SEC Accuses Binance of Mishandling Funds and Deceiving Regulators
- The world's largest cryptocurrency exchange allegedly mixed billions of dollars in customer funds and secretly sent them to a company controlled by Binance's founder, Changpeng Zhao.
- The nation's top securities regulator filed 13 charges against Binance and its founder, Changpeng Zhao.
- The Securities and Exchange Commission has accused Binance, the world's largest cryptocurrency exchange, of mishandling customer funds as well as lying to regulators and investors about its operations in a sweeping case filed in federal court on Monday.
- "We allege that Zhao and the Binance entities not only knew the rules of the road, but they also consciously chose to evade them and put their customers and investors at risk," said Gurbir S. Grewal, director of the S.E.C.'s enforcement division.
The Feds Are Going After Binance. It Looks Like FTX but Worse.: Shocker: There appear to have been shenanigans at the world’s largest crypto exchange.
slate.com/technology/2023/06/binance-sec-crackdown-ftx-cz-sbf.html
Quick Glance: SEC files motion to freeze Binance US assets
- The U.S. Securities and Exchange Commission has requested a temporary restraining order to freeze Binance's U.S. assets.
- Binance is accused of violating U.S. laws and evading regulatory oversight for years, according to SEC filings.
- Binance is also facing legal action from the Commodity Futures Trading Commission (CFTC) and the Justice Department.
- Binance's holding company is based in the Cayman Islands.
Binance could lay off thousands as company buckles down for DOJ probe, source says
cnbc.com/2023/07/14/binance-could-lay-off-thousands-in-response-to-doj-probe-source.html
Crypto Crackdown: Coinbase and Binance Lawsuits Shake Markets: The S.E.C.’s actions indicate a push to require crypto businesses offering securities to follow ...
nytimes.com/2023/06/07/business/sec-lawsuit-crytocurrency-explainer.html
Quick Glance: Binance SEC Lawsuit Could Affect Coinbase
- The SEC's lawsuit against Binance could also affect rival crypto exchange Coinbase, according to Berenberg analyst Mark Palmer.
- On Monday, the crypto markets, including Coinbase, suffered significant losses due to the SEC action.
- Palmer estimates that at least 37% of COIN's net revenue would be at risk if the SEC were to target the company's crypto token trading and staking operations.
- Investors should focus on whether COIN can successfully change its business operations in the U.S. if forced to curtail or cease a large portion of its activities due to an SEC enforcement action, wrote Palmer.
Binance Faces Mounting Pressure as U.S. Crypto Crackdown Intensifies: The scrutiny on Binance, the giant cryptocurrency exchange, has sent new tremors through a ...
nytimes.com/2023/04/26/technology/binance-crypto-crackdown.html
Exclusive: Ex-CEO of Binance's US firm has enlisted lawyer for US investigations: A former chief executive of Binance's de-facto U.S. subsidiary has enlisted a ...
reuters.com/legal/ex-ceo-binances-us-firm-has-enlisted-lawyer-us-investigations-2023-03-29/
Texts from crypto giant Binance reveal plan to elude US authorities | Mint: Exchange was intertwined with American firm portrayed as independent. Now ...
wsj.com/articles/texts-from-crypto-giant-binance-reveal-plan-to-elude-u-s-authorities-3a17ddeb
Paid articlePaid Binance deflected but did not directly refute concerns by three U.S. senators that the world’s largest crypto exchange has reportedly “facilitated theft ... Show more
https://trib.al/7jg5dP9
U.S. subpoenas hedge funds in probe of crypto exchange Binance: The federal probe into Binance is unfolding at a time of deep uncertainty in the crypto industry ...
washingtonpost.com/technology/2023/01/07/binance-subpoenas-crypto-trading/
Binance CEO 'CZ' says 100% of customer assets are backed one-to-one: Binance CEO Changpeng Zhao said Thursday that users will have no issue withdrawing funds ...
markets.businessinsider.com/news/currencies/crypto-news-binance-says-assets-backed-one-to-one-ftx-2022-12
Venture capitalist Kevin O’Leary, former FTX spokesperson, reacted to accusations from Binance CEO Changpeng Zhao that he made false claims about the company ... Show more
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cnb.cx/3Vcj4uE
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