Former Binance CEO Changpeng Zhao has pleaded guilty to money laundering charges and has agreed to pay a $50 million fine. He also faces a potential 18-month prison sentence. As part of his plea deal, Zhao has stepped down from his leadership position at Binance. In a post on X, he expressed his resignation and […]
Binance, one of the largest cryptocurrency exchanges, has announced a change in leadership. Richard Teng, the head of regional markets outside of the U.S., has been appointed as the new CEO. This decision comes after the founder and former CEO, Changpeng “CZ” Zhao, resigned and pleaded guilty to charges brought against him by the U.S. […]
Binance, a major cryptocurrency exchange, is planning to completely withdraw from the United States. In addition to settling charges with the Department of Justice (DOJ), the exchange will also pay billions of dollars to the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC). As part of the settlement, Binance will […]
Binance CEO Changpeng Zhao, also known as CZ, is reportedly set to plead guilty to charges related to violating US Anti-Money Laundering (AML) requirements. The United States Department of Justice (DOJ) has reached a $4.3 billion settlement with the cryptocurrency exchange giant. CZ is expected to make his plea in a federal court in Seattle […]
Changpeng Zhao, the CEO and founder of Binance, the world’s largest cryptocurrency exchange, is reportedly planning to step down from his role and plead guilty to violating US anti-money laundering laws. This comes as part of a deal with US authorities, where Zhao will appear in federal court in Seattle to enter his guilty plea. […]
Binance founder Changpeng “CZ” Zhao has agreed to step down as CEO of the crypto exchange following a $4.3 billion settlement with the U.S. Department of Justice (DOJ). CZ is expected to plead guilty to multiple charges in a federal court in Seattle. While he will retain his majority stake in Binance, he will no […]
Binance CEO Changpeng Zhao (CZ) is reportedly considering stepping down as Chair of the world’s largest cryptocurrency exchange as part of a potential $4 billion settlement with the US Department of Justice (DOJ). The settlement would also involve the Commodities Futures Trading Commission (CFTC), while the Securities and Exchange Commission (SEC) would not be participating. […]
The US Department of Justice is expected to announce a settlement deal with cryptocurrency exchange Binance today. The settlement comes after allegations of money laundering and sanctions violations. The press conference, to be held by US Attorney General Merrick Garland, will unveil separate cryptocurrency enforcement actions. It is reported that the settlement will include a […]
Bittrex Global, a cryptocurrency exchange based in Liechtenstein, has announced its closure. The company stated that it took careful consideration in making this decision and acknowledges the inconvenience it may cause its customers. Starting from December 4, trading on the platform will cease. In a recent statement, Bittrex Global informed users that those holding US […]
Liechtenstein-based cryptocurrency exchange Bittrex Global has announced that it will suspend all operations by the 4th of December as it prepares to shut down following a bruising battle with the SEC. The closure comes after the exchange’s US arm, Bittrex, already shut down operations due to regulatory challenges in the country. Bittrex Global will begin […]
