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,
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
Spot market share for crypto exchange Binance has been falling over the last year due to the company’s involvement in a number of regulatory investigations that led to the exit of Binance’s CEO and founder, Changpeng Zhao (CZ). Based on data given by CCData, Binance’s market share as of December
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,
Coinbase stock price has hit a new all-time high for the year, surpassing levels not seen since May of 2022. According to MarketWatch, Coinbase increased significantly, from $77 at the beginning of the month to $116.93. It has reached its highest price since the middle of 2022. Compared to 2021,
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
The US Commodity Futures Trading Commission (CFTC) has issued a warning to various other cryptocurrency exchanges, two days after Binance’s $4.3 billion settlement with United States authorities was finalized. On Tuesday, former CEO Changpeng Zhao (CZ) pleaded guilty and resigned. Binance should pay penalties totaling $4.3 billion, with $50 million
According to a court petition made by federal prosecutors on Wednesday, Changpeng Zhao (CZ), the former CEO of Binance, cannot be permitted to leave the U.S. until his February sentencing on one allegation of infringing the Bank Secrecy Act. Along with Binance’s guilty plea to numerous criminal and civil charges
According to JPMorgan, the latest agreement between Binance and U.S. regulators bodes well. Binance’s protracted legal struggle has finally come to a close, and it’s being hailed as a major victory for the cryptocurrency sector as a whole. For the crypto behemoth and its investors, this means less uncertainty moving
The cryptocurrency industry faces another major setback as Changpeng Zhao (CZ), the founder and CEO of Binance, has stepped down and pleaded guilty to breaking US anti-money laundering laws. Further, CZ agreed to the $4.3 billion settlement, which is one of the largest corporate penalties in US history, including a
