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US Prosecutors Move to Block Former Binance CEO CZ’s Return to UAE Until Sentencing
23.11.2023
Source: Youtube/Entrepreneur ME Prosecutors are pressing a federal judge to prevent former Binance CEO Changpeng Zhao from leaving the United States before his scheduled sentencing hearing on February 23, 2024. This move comes after the $4.3 billion settlement reached by Binance with the U.S....
Binance's DOJ settlement offered some glimmers of hope for the crypto industry
22.11.2023
Changpeng Zhao is out at Binance, but his company lives on. That suggests tacit affirmation from the Biden administration of the crypto industry's legitimacy
Degens Ride the Wave: Massive Surge in ‘CZ’ Token Amid Binance CEO’s Resignation
22.11.2023
Source: Adobe / MysteryShot Risk-loving crypto traders, often referred to as “degens,” are capitalizing on the recent announcement of Binance CEO Changpeng Zhao’s (CZ) resignation and guilty plea by scooping up a newly launched token called “CZ.” Despite...
Crypto Isn’t Going Anywhere: Industry Leaders Optimistic Despite Binance Crackdown
22.11.2023
Source: Adobe / XaMaps Following Binance’s massive $4.3 billion fine and founder and CEO Changpeng “CZ” Zhao’s decision on Tuesday to step down from the company, industry leaders have been reassuring the community that crypto is here to stay, and that it’s likely to come out even...
Bernstein Report: Binance Will Remain the Top Global Crypto Exchange Despite DOJ Settlement
22.11.2023
Source: Adobe Binance, the world’s largest crypto exchange, is expected to maintain its position as the dominant global exchange, even after reaching a settlement with the U.S. Department of Justice (DOJ). According to a research report by broker Bernstein, Binance experienced minor outflows...
Binance Founder CZ Writes to Staff: I have to deal with some pain, but will survive
22.11.2023
Source: X / @cz_binance Binance founder and former CEO Changpeng Zhao issued an internal memo to Binance staff following his guilty plea to several charges, including money laundering. The cryptocurrency exchange giant has agreed to pay a $4.3 billion penalty as part of the legal resolution. In...
Matrixport: Binance Plea Deal Boosts Approval Odds for Bitcoin Spot ETF
22.11.2023
Source: AdobeStock / JorgeEduardo Binance CEO Changpeng Zhao has entered a guilty plea, agreeing to a $50 million fine, while Binance itself is set to pay a $4.3 billion penalty. CZ’s sentencing hearing is scheduled for February 23, 2024, where he may face prison time of up to 18 months. This comes...
Former Binance CEO CZ Released on $175 Million Bond, Sentencing Hearing Set for February 2024
22.11.2023
Source: GeekWire/ Taylor Soper The founder and former CEO of Binance, Changpeng “CZ” Zhao, has been released on a $175 million personal recognizance bond. This follows his guilty plea to charges of violating the Bank Secrecy Act. A plea made during a court appearance where federal...
Binance settles with U.S. government: Timeline of US enforcement actions
22.11.2023
U.S. government agencies have spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange
DOJ Holds Press Conference on Binance, “CZ” Announces New CEO
21.11.2023
Founder and former CEO of Binance, Changpeng Zhao, announced his replacement today as the Department of Justice held a press conference announcing significant cryptocurrency enforcement actions against his company. Binance makes a “complete exit” Zhao has pleaded guilty to “willfully...
Binance to Make 'Complete Exit' From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement
21.11.2023
Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department's money laundering and sanctions watchdogs...
Breaking: Binance's CZ pleads guilty to violating anti-money laundering requirements—WSJ
21.11.2023
Changpeng Zhao plans to plead guilty to violating U.S. anti-money laundering requirements and will reportedly step down as the CEO of the Binance crypto exchange
Binance Client Execs Abducted and Forced to Empty Crypto Wallets, CZ Freezes Funds
13.11.2023
Source: Pixabay Executives from a client company of Binance were kidnapped to Montenegro and lured into a massive $12.5 million crypto robbery. According to Changpeng Zhao (CZ), CEO of Binance, the kidnappers lured senior staff from one of Binance’s client companies onto a ‘business trip’...
Changpeng Zhao’s Net Worth Plummets by 82% Amid Binance Regulatory Turmoil
27.10.2023
The CEO and co-founder of Binance Changpeng Zhao has taken personal hits from the market with his net worth falling due to low trading volumes. The Bloomberg Billionaire Index Index released on Oct 26, shows the net worth of Zhao cut by $11.9 billion, a massive decline from his $96.9 billion...
Binance CEO CZ Turned Down $40 Million Deal with SBF for Futures Exchange
5.10.2023
Binance CEO Changpeng "CZ" Zhao turned down a $40 million offer from former FTX CEO Sam Bankman-Fried in March 2019 to create a cryptocurrency futures exchange.
At the time, Binance was primarily a spot crypto exchange, and the idea of a futures-only platform was a deviation from its existing...
TV's Kevin O’Leary: ‘All the Crypto Cowboys Are Going to Be Gone Soon’
3.10.2023
O’Leary, an entrepreneur and television personality, was paid $15 million by FTX for “20 service hours, 20 social posts, one virtual lunch and 50 autographs,” according to Michael Lewis’ new book "Going Infinite."
Binance Russia buyer tightlipped on owners but denies CZ involvement
29.9.2023
Binance’s buyer in Russia, CommEx, has been developing its platform for six months and has onboarded some ex-Binance employees, the firm said
Binance Changpeng Zhao Denies Ownership of CommEX Following Sale of Russian Entity
28.9.2023
Binance CEO Changpeng Zhao has distanced himself and the company from the ownership of CommEX, the newly launched digital asset exchange that will take possession of Binance’s Russian entity.
In a Sept 28 post on X (formerly Twitter), the CEO denied all forms of ownership either personally,...
Binance Market Share Continues to Fall As Crypto Giant Loses Ground to Rivals
27.9.2023
Binance, the world's largest cryptocurrency exchange, has seen a sharp drop in market share among non-dollar crypto exchanges.
According to data by The Block, Binance's market share among a group of exchanges that includes major Asian players like Upbit, Huobi, Bybit, and OKX hit 54% in August...
Binance successor in Russia: Everything you need to know about CommEx, so far
27.9.2023
The sale has sparked chatter in local crypto enthusiasts, who say the two sites appear so similar that CommEx could be a "Russian version" of Binance.US