In a concerning turn of events, an anonymous crypto trader has lost approximately $71 million worth of assets in an address poisoning scam. This incident has roused much tension in the crypto ecosystem, underlining the need for improved safety measures. Trader Loses 1,155 WBTC To Address Poisoning Attack According to multiple reports, an unknown trader […]
In the lawsuit between the US Securities and Exchange Commission (SEC) and Binance, the regulator has filed a notice of supplemental authority, citing the judgment in SEC v. Terraform Labs as a key precedent. This move is a strategic effort by the SEC to leverage the Terra ruling in its case against Binance, Binance.US, and […]
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 – […]
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 […]
Using the phrase “unacceptable risk of flight,” prosecutors from the United States government are requesting that the court restrict Changpeng “CZ” Zhao, the former CEO of Binance, from leaving the country. Zhao, the individual responsible for establishing Binance, the largest cryptocurrency exchange globally, and his lawyers submitted a formal document yesterday contesting the government’s request […]
In a class-action lawsuit filed on October 2 in the District Court of Northern California, Binance (Binance Holdings Limited, BAM Trading Services, BAM Management US Holdings) and its CEO Changpeng Zhao (“CZ”) are facing serious allegations surrounding attempted monopolization of the crypto market, purportedly through damaging strategies against their competitor FTX. The legal battle spearheaded […]
Changpeng “CZ” Zhao, the CEO and founder of the world’s leading cryptocurrency exchange Binance, has responded to claims that he received a $250 million loan from BAM Management, a firm that operates as Binance.US’ holding company. Binance CEO’s Response To $250 Million Loan Claims A report from Decrypt on September 19, 2023, following a court […]
Binance Chief Executive Officer Changpeng “CZ” Zhao has commented on the recent exodus of top executives from the exchange’s US subsidiary in the last week. On September 13, the CEO of Binance.US, Brian Shroder, resigned from the company amidst a general layoff that saw the exit of one-third of the company’s workforce. In addition, two […]