Canadian businessman
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’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.
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.
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
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
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.
How the world’s crypto king ended up in a Seattle court: U.S. probes into Binance date back to 2018 when the company was only a year old ...
bloomberg.com/news/articles/2023-12-01/binance-vip-traders-got-sneak-peek-of-record-us-crypto-penalty
Richard Teng is Binance’s New CEO: Who’s News - Richard Teng is an experienced executive with over three decades of financial services and regulatory experience ...
business-review.eu/profiles1/whoss-news/richard-teng-is-binances-new-ceo-254540
Binance’s DOJ settlement offers a glimmer of hope for the crypto industry: Changpeng Zhao is out at Binance, but his company lives on. That suggests tacit ...
cointelegraph.com/news/binance-doj-settlement-offered-glimmers-hope-crypto-industry
Binance names Richard Teng CEO amid Changpeng Zhao’s forced departure: Binance names Richard Teng its new CEO in the wake of former boss Changpeng “CZ” Zhao’s ...
cointelegraph.com/news/binance-richard-teng-ceo-amid-changpeng-zhao-s-forced-departure
Binance and CEO Changpeng Zhao ask court to dismiss SEC suit: Binance Holdings and its CEO, Changpeng Zhao, have filed a petition to dismiss a lawsuit made ...
cointelegraph.com/news/binance-ceo-chanpgeng-zhao-asks-court-dismiss-sec-lawsuit
CZ post on X about Ceffu and Binance.US contradicts SEC claims, adds to confusion
cointelegraph.com/news/cz-post-x-about-ceffu-binance-us-contradicts-sec-claims-confusion
Binance and its CEO seek dismissal of CFTC complaint: Binance and its CEO Changpeng Zhao have filed a motion to dismiss a complaint against the cryptocurrency ...
reuters.com/technology/binance-ceo-seek-dismissal-cftc-complaint-2023-07-28/
Multichain saga screws users, Binance fires 1,000 staff: Asia Express: The Multichain saga includes secret arrests, a suspicious exploit, and one man allegedly ...
cointelegraph.com/magazine/multichain-saga-screws-users-binance-fires-1000-staff-asia-express/
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 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.
SEC Seeks ‘Alternative Means’ to Serve Papers to Binance’s Zhao: The US Securities and Exchange Commission asked a federal court for permission to use ...
bloomberg.com/news/articles/2023-06-08/sec-seeks-alternative-means-to-serve-papers-to-binance-s-zhao
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/
World's biggest crypto exchange, Binance and its CEO and founder Changpeng Zhao has been sued by the US CFTC for operating what the regulator alleged ... Show more
wionews.com/videos
Binance moved $400m from US partner to trading firm managed by CZ, report says: The supposedly independent Binance.US secretly sent large sums of money to ...
markets.businessinsider.com/news/currencies/binance-crypto-exchange-secret-transfer-changpeng-zhao-cz-ftx-alameda-2023-2
Crypto exchange Binance banned from issuing new stablecoins: The responsible US authority New York Department of Financial Services ordered this ...
diepresse.com/6250830/kryptoboerse-binance-darf-keine-neuen-stablecoins-mehr-ausgeben
Exclusive: U.S. Justice Dept is split over charging Binance as crypto world falters, sources say
reuters.com/markets/us/us-justice-dept-is-split-over-charging-binance-crypto-world-falters-sources-2022-12-12/
Binance CEO warns staff of 'bumpy' times as it unfreezes withdrawals: "While we expect the next several months to be bumpy, we will get past this challenging ...
markets.businessinsider.com/news/currencies/crypto-binance-ceo-cz-warns-staff-bumpy-times-unfreezes-withdrawals-2022-12
Crypto exchange Binance under scrutiny after FTX crash: 5 things to know: Crypto exchange Binance is facing questions over its reserves and is under DOJ ...
markets.businessinsider.com/news/currencies/crypto-binance-scrutiny-collapse-ftx-exchange-changpeng-zhao-bankman-fried-2022-12
Quick Glance: Democrats Will Refund $1 Million Donations Made by FTX Sam Bankman-Fried
- The Democratic National Convention and other groups revealed plans to repay monies contributed by the creator of FTX.
- Political organizations, including the Democratic National Committee, stated on Friday that they will return contributions made by the founder of the now-defunct FTX bitcoin exchange.
- "Given the allegations of potential campaign finance violations by Bankman-Fried," a DNC official informed numerous publications, "we are setting aside funds to return the $815,000 in contributions since 2020."
- According to the Washington Post, the Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committee would set aside and repay a total of $353,000 received from Bankman-Fried.
The Fall of FTX’s Sam Bankman-Fried Puts Crypto Industry on Edge: The rapid collapse of FTX, built by the billionaire Sam Bankman-Fried, suggests that no company ...
nytimes.com/2022/11/09/technology/ftx-binance-crypto.html
Quick Glance: Binance Crypto Exchange Says It Is Buying Rival FTX Due to a "Liquidity Crunch"
- Binance announced on Tuesday that it has signed a letter of intent to acquire rival FTX Trading, which it claims is experiencing liquidity issues.
- The transaction represents a massive upheaval in the volatile world of cryptocurrency, where FTX CEO and founder Sam Bankman-Fried had positioned himself as one of the few buyers of assets during a year-long shakeout.
- With the acquisition, Binance will become the undisputed leader among cryptocurrency exchanges, while Mr. Bankman-Fried will suffer a harsh comedown.
Binance CEO Changpeng "CZ" Zhao is warning users to get their funds off WazirX and onto Binance.
The warning comes after WazirX founder Nischal ... Show more
bit.ly/3SxWHzE
bit.ly/3SxWHzE
How Binance became a hub for hackers, fraudsters and drug sellers: For five years, the world’s largest cryptocurrency exchange Binance served as a conduit for ...
reuters.com/investigates/special-report/fintech-crypto-binance-dirtymoney/
Binance seizes $5.8 million from $620 million Axie Infinity hack: "The DPRK hacking group started to move their Axie Infinity stolen funds today ...
markets.businessinsider.com/news/currencies/binance-hack-axie-infinity-game-north-korea-blockchain-crypto-fbi-2022-4
Crypto Giant Binance Shuts Down Singapore Trading Platform: Binance Singapore has withdrawn its application for a license to operate a cryptocurrency exchange ...
forbes.com/sites/robertolsen/2021/12/13/crypto-giant-binance-shuts-down-singapore-trading-platform/
Crypto Giant Binance Shuts Down Singapore Trading Platform: Binance Singapore has withdrawn its application for a license to operate a cryptocurrency exchange ...
forbes.com/sites/robertolsen/2021/12/13/crypto-giant-binance-shuts-down-singapore-trading-platform/
Binance acquires 18 per cent stake in Singapore-based exchange: Embattled crypto exchange Binance has announced plans to purchase an 18 per cent stake in Hg ...
cityam.com/binance-acquires-18-per-cent-stake-in-singapore-exchange/
Digital Currencies: The Crypto Industry Escape To Singapore: Liberal Singapore is becoming the world metropolis of digital & Cryptocurrencies ...
handelsblatt.com/politik/regulierung-druck-auf-digitalwaehrungen-zeigt-wirkung-die-kryptobranche-flieht-nach-singapur/27424256.html
Cryptocurrency exchange Binance is under investigation by the Justice Department and the IRS, report says
markets.businessinsider.com/currencies/news/cryptocurrency-exchange-binance-us-investigation-doj-irs-bloomberg-report-2021-5-1030427383
Binance may have violated securities rules by allowing token trading of some US stocks, Germany's financial watchdog says
markets.businessinsider.com/currencies/news/binance-securities-trading-violation-germany-financial-watchdog-bafin-us-stocks-2021-4-1030365233
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