Binance and its chief executive, Changpeng Zhao, pleaded guilty to criminal charges for anti-money laundering and violations of US sanctions under a sweeping deal with the US Department of Justice. The deal, which will allow the company to continue to operate, will also see Zhao step down as CEO. Binance will pay a $4.3 billion … Read more
/cdn.vox-cdn.com/uploads/chorus_asset/file/23951272/STK018_VRG_Illo_N_Barclay_11_BINANCE.jpg)
Binance owner and CEO Changpeng “CZ” Zhao has agreed to step down and plead guilty to breaking anti-money laundering laws, according to reports from The Wall Street Journal and Forbes. This comes as part of the major settlement the Department of Justice is expected to announce this afternoon, which will reportedly require Binance to fork … Read more
Founder and CEO of Binance Changpeng Zhao, commonly known as “CZ”, attends the “CZ meets Italy” at Palazzo Brancaccio on May 10, 2022 in Rome, Italy. Antonio Masiello | Getty Images Cryptocurrencies were slightly lower Tuesday, as investors weighed a batch of regulatory updates from Washington involving some of the biggest names in crypto: Binance, … Read more
FTX founder Sam Bankman-Fried testified in his fraud trial Thursday with no jury present. In his testimony, he acknowledged that Alameda was being used as a payment processor for FTX, but did not recall conversations around the $13 billion hole in his crypto empire, according to Bloomberg. The Biggest Crypto Heists of 2022…So Far Bankman-Fried … Read more
For the second time in 24 hours, the US Securities and Alternate Fee has sued a significant cryptocurrency alternate. Yesterday, the regulator filed expenses in opposition to Binance and its CEO, Changpeng Zhao, with accusations of manipulative buying and selling practices, mishandling buyer property, and failures of company management. At the moment, the SEC adopted up with … Read more
It’s no secret that the US Securities and Trade Fee has been investigating Binance, the world’s largest crypto alternate—which has no head workplace or formal deal with however processes $12 billion value of cryptocurrency transactions per day. However the cost sheet filed at present by the SEC within the District of Columbia accommodates a listing of 13 alleged violations of … Read more
The CEO of the most important on-line change for buying and selling cryptocurrency, Binance, stated he’s establishing a restoration fund to assist individuals within the business, whereas saying the sector “shall be high-quality.” Ben McShane / Contributor / Getty Photos The Securities and Trade Fee filed 13 prices in opposition to Binance, the world’s largest … Read more
Federal prosecutors and the courts in New York are sounding the horn, proclaiming run-of-the-mill monetary crimes additionally apply to digital tokens as a lot as fiat foreign money. On Tuesday, a choose lastly sentenced former Coinbase product supervisor Ishan Wahi to 2 years in jail for insider buying and selling. Prosecutors mentioned Wahi used his … Read more