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Changpeng Zhao teases writing project ahead of reporting to prison
18.5.2024
On April 30, a judge sentenced the former Binance CEO to four months in federal prison but did not set a reporting date at his hearing
Binance Denies Allegation Of Market Manipulation From DWF Labs
9.5.2024
Binance is retaliating against the May 9 accusation made against the platform by DWF Labs. This comes after a sensational Wall Street Journal (WSJ) report that stated Binance fired a worker who discovered proof of market manipulation by DWF Labs, a significant market on the trading platform.
The...
Four months in prison for CZ, another US state kicks out Binance.US: Law Decoded
6.5.2024
While Changpeng “CZ” Zhao received a surprisingly moderate jail term, Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US’ license
Former Binance CEO CZ: I Will Do My Time — Crypto Industry Has Entered a New Phase
1.5.2024
Former Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for their support following his four-month U.S. prison sentence for pleading guilty to money laundering charges. “I will remain a passive investor (and holder) in crypto. Our industry has entered a...
Changpeng Zhao gets 4 months, Sam Bankman-Fried gets 25 years — Why?
1.5.2024
One former CEO went to trial and maintained his innocence, one admitted fault and turned himself in
Changpeng Zhao’s 4-month sentence a ‘general deterrence,’ says lawyer
1.5.2024
CZ’s charges are serious, justified, and “sent a message” to the industry that compliance “must be taken seriously,” says lawyer and RMIT lecturer Dr. Aaron Lane
CZ sentenced: A chronology of Binance’s legal battles in the US
30.4.2024
Former Binance CEO Changpeng “CZ” Zhao was sentenced to four months in prison for violating U.S. money laundering laws
Changpeng Zhao four-month prison sentence lighter than expected
30.4.2024
Prosecutors initially sought to charge the former Binance executive with 36 months
Former Binance Boss Changpeng Zhao Sentenced to 4 Months in Jail
30.4.2024
On Tuesday, April 30, 2024, Changpeng Zhao (CZ), formerly the CEO of Binance, was sentenced in a Seattle courtroom for his compliance failures at the cryptocurrency exchange. The sentencing was first covered by Nikhilesh De and Danny Nelson of Coindesk, who reported directly from the courthouse....
Changpeng Zhao could serve time in the same facility as ‘crypto-anarchist’ Jim Bell
24.4.2024
An expert in U.S. federal prisons suggested that the former Binance CEO, if sentenced to incarceration, could face the risk of “theft and extortion” from other inmates
Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms
24.4.2024
Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past
Binance Founder CZ Apologizes and Accepts Responsibility in Letter to Judge
24.4.2024
Binance founder and former chief executive Changpeng "CZ" Zhao has penned a letter to the judge overseeing his case, expressing remorse for his actions and accepting full responsibility for his "poor decisions."
The post Binance Founder CZ Apologizes and Accepts Responsibility in Letter to Judge...
Binance founder should be jailed for 36 months, US prosecutors say
24.4.2024
Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023
Binance Co-Founder Says Former CEO CZ Is in a ‘Positive Situation’ Ahead of Sentencing
19.4.2024
At a Dubai event, Binance co-founder He Yi discussed former CEO Binance CZ's legal situation, describing it as "largely peaceful" despite his upcoming sentencing in the US. CZ's plea deal led to his resignation and a $4.3 billion forfeiture by Binance. Yi also addressed Binance's regulatory stance...
Binance Shifts $1 Billion in SAFU Bitcoin Reserves to USDC
18.4.2024
Binance, the leading cryptocurrency exchange globally in terms of trading volume, has shifted its SAFU (Secure Asset Fund for Users) reserves into the stablecoin USDC to bolster “its reliability.” During the early hours of Thursday, the platform transferred two substantial amounts...
Binance Urges Prime Brokers to Enhance KYC to Avoid U.S. Investors
19.3.2024
Binance has reportedly urged prime brokers like FalconX and Hidden Road to enhance their client screening processes to prevent U.S. investors from accessing its platform
The post Binance Urges Prime Brokers to Enhance KYC to Avoid U.S. Investors appeared first on Cryptonews
Legal Woes of Former Binance CEO Spotlight Trust Issues in the Crypto Industry
27.2.2024
On February 25, renowned crypto attorney Steven Nerayoff has expressed concerns that the legal challenges faced by former Binance CEO and founder Changpeng Zhao could cast a shadow over the crypto industry.
The post Legal Woes of Former Binance CEO Spotlight Trust Issues in the Crypto Industry...
Request Made for Binance’s Changpeng Zhao to Surrender Passports Before Sentencing
24.2.2024
The United States Attorney's Office has made a formal request to a federal judge seeking additional travel restrictions for Changpeng Zhao, commonly known as CZ, the former CEO of Binance.
The post Request Made for Binance’s Changpeng Zhao to Surrender Passports Before Sentencing appeared...
US District Judge Sanctions Binance’s $4.3 Billion Plea Deal
24.2.2024
Binance Holdings is set to pay $4.3 billion in fines following the approval of its plea agreement with prosecutors by U.S. District Judge Richard Jones on Friday. Beyond the financial settlement, a third party will oversee Binance’s operations for a duration of five years. Historic $4.3...
Regulatory Clampdown — Alaska and Florida Order Binance US to Cease Operations
29.1.2024
A recent report indicates that regulatory authorities in Alaska and Florida have prohibited Binance US from operating within their jurisdictions. This development comes in the wake of Binance, along with its previous CEO Changpeng Zhao, reaching a plea agreement with the U.S. government. Alaska...