Founder and former CEO of Binance, Changpeng Zhao is banned from Binance. The company has given him a lifetime suspension. Axiospro report states that he is forbidden to restrict him from returning to his leadership position at Binance. He is banned for life from the leadership under a deal with
Binance and its former CEO, Changpeng Zhao (CZ), are facing a new class action lawsuit filed by three crypto investors. The lawsuit alleges that the exchange failed to prevent money laundering, which, in turn, led to the plaintiffs’ inability to recover their stolen assets. The plaintiffs filed this complaint in
In the upcoming sentencing hearing for former Binance CEO Changpeng “CZ” Zhao on April 30, his defense team has fervently advocated for probation rather than the 36-month prison term sought by US prosecutors. In a sentencing memorandum, Zhao’s attorneys outlined compelling reasons for leniency. Central to the defense’s argument is
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
Binance, one of the leading cryptocurrency exchanges globally, is moving significantly into decentralized finance (DeFi) with its newly unveiled Web3 wallet. This exciting development was announced at the Binance Blockchain Week conference in Istanbul. It launched with the aim of transforming how millions of users engage with the growing DeFi
A new chapter evolved in the ongoing feud between cryptocurrency industry heavyweights, renowned economist Nouriel Roubini, and Binance’s CEO Changpeng Zhao. The latest controversy stems from Roubini’s involvement in a new venture, the Atlas Climate Token, which aims to combat climate change and create accessible investment opportunities. The sparks of
Binance, the world’s largest cryptocurrency exchange, and its CEO, Changpeng Zhao, known as CZ, have jointly filed a motion to dismiss the United States Securities and Exchange Commission (SEC) lawsuit against them. The filing, made on September 21 in the United States District Court, argues that the SEC exceeded its
In a recent tweet, Changpeng Zhao, also known as CZ and the CEO of Binance, the world’s largest cryptocurrency exchange, issued a cautionary reminder to the crypto community regarding the potential risks associated with certain aspects of the market, the term “Impermanent Loss.” Let’s explore what it means for DeFi
On Monday, the United States District Court in Chicago shared a plaintiff from Commodity Futures Trading Commission (CFTC) with its defendants who are Binance and its CEO and Founder. Changpeng Zhao, the CEO tries to submit a dismissal motion for the complaint that has been filed against them. Reports portray
Binance, one of the world’s largest cryptocurrency exchanges, has reportedly laid off over 1,000 employees, including 36 in India. This binance layoff primarily affected customer service workers, and said it to be a result of its aim to reallocate resources and enhance talent density within the organization. Binance had previously
