On Tuesday, the crypto industry was shaken after news of the indictment of one of a Bitcoin early investors broke. Per the reports, the US Department of Justice (DOJ) pressed multiple charges against Roger Ver, a controversial figure in the space known as “Bitcoin Jesus.” Experts and figures within the community have expressed their sentiments […]
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 […]
Binance co-founder and former CEO Changpeng “CZ” Zhao has been ordered for the second time to stay put in the United States, according to the latest report. This decision comes as the former executive awaits his sentencing hearing for violating banking laws in the US. CZ Ordered Again Not To Travel Outside The US – […]
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 […]
According to a Reuters report, former Binance CEO Changpeng Zhao, commonly known as CZ, must remain in the United States for the time being, as stated by a federal judge on Monday. This decision comes after Zhao, the founder of the world’s largest cryptocurrency exchange, pleaded guilty to violating US anti-money laundering laws. Binance Ex-CEO […]
In a recent blog post, Richard Teng, the newly appointed CEO of Binance, shared his vision for the future of the crypto exchange following the departure of Changpeng Zhao (CZ). Teng expressed his commitment to maintaining Binance’s core principles while driving growth and innovation. Binance CEO Stresses Collaboration With Regulators Teng acknowledged Binance’s foundation and […]
Following a rigorous investigation and increased regulatory scrutiny directed at Binance, the leading cryptocurrency exchange by trading volume, hopes for stability in the financial sector were high within the crypto community. The recent settlement between Binance and the US Department of Justice (DOJ), which involved CEO Changpeng Zhao (CZ) pleading guilty to charges, was seen […]
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 […]
In response to the lawsuit filed by the US Commodity Futures Trading Commission (CFTC), Binance, the world’s largest cryptocurrency exchange, along with its affiliates and founder Changpeng Zhao, has submitted a motion to dismiss the case. The legal team representing Binance argues that the allegations made by the CFTC should be dismissed on several grounds. […]
Binance.US, the United States-based unit of cryptocurrency exchange Binance, has recently suspended dollar withdrawals from its platform. This move comes after the ongoing legal battle with the US Securities and Exchange Commission (SEC). Binance.US Adjusts Services According to a Reuters report, Binance.US customers can no longer directly withdraw US dollars from their accounts. Instead, they […]
In a recent development, a Brazilian congressional committee has recommended the indictment of Binance CEO Changpeng “CZ” Zhao and three other Binance executives following an extensive investigation into financial pyramid schemes in Brazil. The committee’s report alleges fraudulent management practices, operating without sufficient authorization, and offering securities trading without approval against Zhao, Daniel Mangabeira, Guilherme […]