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Search Results for: cz

Former Binance CEO CZ Teases Launch of Education Project

Changpeng Zhao (CZ), co-founder and ex-CEO of Binance, unveiled a new initiative on Monday and promised to provide more information shortly. Instead of a new token, CZ announces a “Education project” in an X post. No details about the project’s scope or compatibility with the Binance platform have been disclosed.

March 19, 2024 2 mins read

Why Is Binance Founder CZ’s Sentencing Delayed to Late April?

The sentencing for the largest crypto exchange, Binance founder Changpeng Zhao, also known as CZ, on a money laundering charge, has been postponed until April 30, as per the announcement made by the Seattle Federal Court. Originally set for Feb. 23, the delay’s reasons remain undisclosed. Zhao’s sentencing has garnered

February 13, 2024 1 min read

Binance Ex-CEO CZ Denied Travel to UAE Despite $4.5 B Equity Offer

In a recent court filing, it has been revealed that a federal judge rejected a travel request from Binance’s former CEO Changpeng Zhao, who sought permission to travel to his home in the United Arab Emirates (UAE) for the hospitalization and surgery of a person close to him. Despite offering

January 25, 2024 2 mins read

Binance Founder CZ’s Travel Request Denied by U.S Court

U.S. District Judge Richard A. Jones dismissed Binance founder Changpeng Zhao’s (CZ) request for foreign travel on Friday, dealing him yet another setback. Before pleading guilty in November to breaking US law, Zhao had asked the court for consent to travel while out on bond. This was the second time

December 30, 2023 2 mins read

Binance Founder CZ Seeks Travel Permission While Awaiting Sentence

Binance founder Changpeng Zhao (CZ) has asked a federal court in the U.S to issue a travel authorization order, which is the most recent move in the ongoing case against him by the United States DOJ. Previously, the court had directed that the former CEO of Binance reside in the

December 28, 2023 2 mins read

Court Orders Binance and CZ to Pay $2.85B in Settlement to CFTC

Binance and Changpeng Zhao (CZ), the ex-CEO of the crypto exchange, have been ordered by a U.S court to pay $2.7 billion and $150 million, respectively, to the U.S Commodity Futures Trading Commission (CFTC). The settlement has been approved by the court, according to the CFTC. After reviewing their actions,

December 19, 2023 2 mins read

Binance and CZ Throw Counterattack Against SEC

Binance, the global cryptocurrency exchange behemoth, and its former CEO, Changpeng Zhao (CZ), have launched a strong counteroffensive against the U.S. Securities and Exchange Commission (SEC). The move comes as a response to the SEC’s allegations, where the regulatory body accused the exchange of 13 securities law violations, including the

December 13, 2023 2 mins read

Former Binance CEO CZ Steps Down as Chair from Binance U.S Board

Along with his resignation as CEO of Binance, Changpeng Zhao (CZ) will also be stepping down as head of the board of directors for Binance US, an exchange established in the U.S. Following the announcement of a $4.3 billion settlement between U.S regulators and Binance and CZ on November 21,

November 28, 2023 2 mins read

Binance Founder CZ’s Attorneys Oppose Attempts Blocking UAE Return

Former Binance CEO Changpeng Zhao (CZ) is at the center of a courtroom confrontation in the legal controversy. The attorneys for CZ are vigorously opposing U.S. Justice Department (DOJ) attempts to block his return to the UAE until his sentence for anti-money-laundering (AML) violations. CZ’s recent guilty plea involved Binance

November 25, 2023 2 mins read