In a letter addressed to US Judge Richard A. Jones for the Western District of Washington, former Binance CEO Changpeng Zhao, commonly known as “CZ,” expressed his remorse and apologized for what he called “poor decisions” made during his tenure as the head of the cryptocurrency exchange. The letter was filed on Tuesday, ahead of […]
In a recent development, a Binance executive detained in Nigeria on tax evasion charges has had his case adjourned until April 19, following his first appearance in court. Tigran Gambaryan, the head of financial crime compliance at Binance, was accused alongside the company of various charges, including non-payment of value-added tax and corporate income tax […]
Binance, the world’s largest cryptocurrency exchange by trading volume, has taken a significant step towards reshaping its operations by appointing a board of directors for the first time. This move comes after the exchange pleaded guilty last year to US charges related to anti-money laundering (AML) and sanctions violations. Binance Unveils Inaugural Board Of Directors […]
Amid Nigeria’s crackdown on cryptocurrency activities, one of the detained Binance executives, Tigran Gambaryan, has taken legal action against Nigeria’s National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC), alleging a violation of his basic human rights. Gambaryan, who serves as Binance’s Head of Financial Crime Compliance, was arrested in February along […]
In a significant development, an American mother who was taken hostage by Hamas in Gaza, along with the relatives of two men who lost their lives in a terrorist attack, has filed a lawsuit against cryptocurrency exchange Binance. According to a Bloomberg report, the lawsuit filed in a federal court in Manhattan alleges that Binance […]
Binance, the world’s largest cryptocurrency exchange by trading volume, has entered into a strategic partnership with Swiss banking institutions to mitigate growing concerns surrounding counterparty risk in the crypto industry, as reported by the Financial Times. This move follows Binance’s regulatory fines imposed by US authorities in 2023. As part of the collaboration, Binance has […]
According to a Reuters report, a federal judge in Washington, D.C., demanded that Binance, the world’s largest cryptocurrency exchange by trading volume, provide a robust defense for its motion to dismiss the case brought against it by the US Securities and Exchange Commission (SEC). Binance seeks the dismissal of the lawsuit, which alleges rule-breaking and […]
Binance Vs. SEC: Crypto Exchange Heads To Court Seeking Lawsuit Dismissal | Bitcoinist.com
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In a significant legal showdown, Binance, the world’s largest cryptocurrency exchange, is set to go head-to-head with the US Securities and Exchange Commission (SEC) in a Washington courtroom. The hearing, scheduled for Friday, marks the second high-profile legal battle this week involving the SEC and a top crypto exchange, following a similar case against Coinbase. […]
In a notorious development that sent shockwaves through the cryptocurrency industry, Binance, the largest exchange in the world, and its former CEO Changpeng Zhao (CZ) settled with the US government. However, former SEC official John Reed Stark has expressed concerns about the agreement’s implications. Stark believes that the Binance plea agreement, the guilty plea by CZ […]
According to a Reuters report, the cryptocurrency industry has witnessed a surge in lobbying spending as companies strive to repair their reputations and advocate for favorable legislation. Despite facing regulatory scrutiny and high-profile scandals and lawsuits from the US Securities and Exchange Commission (SEC), which has taken the lead in enforcing the industry, Reuters has […]
Binance.US Faces Pivotal Leadership Change As Changpeng ‘CZ’ Zhao Steps Down As Chairman | Bitcoinist.com
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In the latest development involving Changpeng Zhao (CZ), founder and former CEO of Binance, it has been announced that he has decided to resign as Chairman of the Board of Directors of Binance.US. Binance.US Affirms Independence From Enforcement Matters As announced, Binance.US, an independent entity from Binance.com, was launched with a primary focus on serving […]
BREAKING: Binance CEO CZ Steps Down As Part Of $4 Billion Settlement | Bitcoinist.com
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In the wake of ongoing crackdown by US regulatory agencies and investigations conducted by the Department of Justice (DOJ), Binance CEO Changpeng Zhao (CZ) is reportedly stepping stepping down as chairman of the world’s largest cryptocurrency exchange. According to Forbes, as part of a potential $4 billion settlement between Binance and the DOJ, CZ’s departure […]