Reports disclosed that a former CEO of the world’s biggest crypto exchange increased his wealth by a massive amount in one day. This growth is attributed by analysts to the latest results of the US elections, which allowed Donald Trump to reclaim the US presidency. Related Reading: FTX Co-Founder Gary Wang Begs Judge For Freedom: […]
Binance and its founder, Changpeng Zhao, have filed a motion to dismiss the US Securities and Exchange Commission’s (SEC) amended complaint. In a Nov. 4 court filing, Binance and Zhao’s legal team argued that the SEC has only superficially acknowledged a prior court ruling, which clarified that crypto is not inherently classified as a security. […]
The post Binance challenges SEC lawsuit crypto classification in court motion appeared first on CryptoSlate.
Binance founder Changpeng Zhao, or “CZ,” is back in the limelight after serving four months in jail. One of Zhao’s first public appearances was at the Binance Blockchain Week conference, where he discussed his experience, future plans, and current relationship with the exchange he founded. Related Reading: Are Crypto Banks In Danger? FDIC ‘Pause Letters’ […]
According to a previous Forbes report, Zhao and Binance collectively hold 71% of the roughly 146 million BNB tokens in circulation.
He served four months in federal prison for charges including alleged violations of United States Anti-Money Laundering rules.
A federal judge ruled the SEC had plausibly alleged Binance, Binance.US and Changpeng Zhao violated federal securities laws.
Changpeng Zhao (CZ), the former CEO of Binance, a leading cryptocurrency exchange, is currently serving a four-month prison sentence for breaching anti-money laundering regulations. Despite his incarceration, CZ’s control over Binance Coin (BNB), the platform’s native token, remains robust. Related Reading: Memecoins Are ‘One Of The Most Powerful Narratives’ In The Crypto Market – CEO According […]
Forbes estimates Zhao's net worth at a staggering $61 billion—ranking the former CEO as the world's 24th richest person.
Former CEO Changpeng Zhao cannot be Binance's beneficiary if it wants to keep its French license.
The First District Court of Appeals in Florida has nullified an Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US, according to a court filing on May 22. Earlier this year, Florida’s regulator banned Binance.US from serving its residents, citing “immediate danger” to the public as the reason for its decision. […]
The post Florida court overturns Binance.US suspension order appeared first on CryptoSlate.
One former CEO went to trial and maintained his innocence, one admitted fault and turned himself in.
Former Binance CEO Changpeng Zhao said the crypto industry has entered the next phase where “compliance is super important.” The convicted founder made this statement after being sentenced to four months imprisonment for breaking US compliance rules. Zhao said: “I will remain a passive investor (and holder) in crypto. Our industry has entered a new […]
The post Changpeng Zhao says crypto has entered new phase where ‘compliance is super important’ appeared first on CryptoSlate.
Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023.
Embattled crypto platform Binance.US told CryptoSlate it appointed Martin C. Grant, a former New York Federal Reserve Bank Compliance Chief, to its Board to improve compliance efforts and restore users’ trust in its services. The crypto trading platform has faced extensive regulatory scrutiny due to its ties with the global Binance exchange, which entered into […]
The post Binance.US appoints ex-New York Fed chief as board director to boost compliance efforts appeared first on CryptoSlate.
The presence of U.S. nationals on the platform has been a contentious issue for authorities as, officially, they are banned but continue to pop up.
Bloomberg ranked the former Binance CEO as the 35th wealthiest person on the planet, ahead of Citadel CEO Ken Griffin and behind Uniqlo CEO Tadashi Yanai.
Many in the space monitored Sam Bankman-Fried’s criminal trial, but there are other figures potentially looking at prison time in the future.
Former Binance CEO Changpeng "CZ" Zhao has been ordered to remain in the U.S. while awaiting his sentencing in February.
Decentralized science, or DeSci, aims to apply decentralized business models to medical research.
This court “hereby accepts the guilty plea of the defendant to the charge [...] and the defendant is adjudged guilty of such offense,” wrote Judge Richard Jones.
According to Arthur Hayes, global cryptocurrency exchange Binance paid one of the largest corporate fines in history for challenging the financial and political status quo in America.
The former BitMEX CEO said the record-breaking penalties against Binance represent an institutional bias against the transformative impact of cryptocurrency and blockchain technology.
U.S. argues that Binance's former CEO should remain free until sentencing – but only in the U.S.
Community members compared the Binance settlement with the U.S. Department of Justice to the deal with BitMEX crypto exchange, as its CEO was also forced to step down.
The house that CZ built will now be helmed by its head of regional markets, as the U.S. Department of Justice has barred the former CEO from his position.
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, according to press releases shared Tuesday.
The CEO of Binance and BTC analysts are among those who have started to draw attention to the halving event as the crypto community looks to the bullish event with hope after a cruel crypto winter.