Binance co-founder Changpeng Zhao stated that a lack of privacy makes it impossible to achieve a broad adoption of crypto payments across the globe. CZ explained that this can make the financial information of businesses available to their competitors and the public. He noted that companies may be reluctant to
Binance denied any connection to a viral cease-and-desist letter related to allegations of insolvency and bankruptcy. These rumors were spreading around the social media platforms. The exchange explained that the viral document was a forgery circulating on social media platforms. The rumors about the financial stability of Binance started when
Changpeng Zhao, commonly called CZ, has strongly denied the claims that Binance caused the biggest liquidation event in the crypto market. This liquidation wiped out around $19 billion in leveraged positions on October 10. He denied all the allegations on Binance that the liquidations were incorrect during the speaking sessions
On May 11, the trusted hardware wallet provider Ledger confirmed a security breach involving its official Discord server. One hacker was able to gain access to a moderator’s account and used it to post a phishing message in a channel on one of the servers. The message pretended to
Changpeng ‘CZ’ Zhao, founder of Binance, has stirred discussion within the crypto community by proposing a significant reduction in BSC Chain gas fees. In a May 7 post on X, CZ suggested lowering gas fees on the Binance Smart Chain by three to ten times their current level. Let's reduce
Binance Smart Chain (BSC) DEX trading volume surpasses Solana today. This remarkable record is led by the new memecoin MUBARAK hype. Mubarak memecoin has been making waves in the industry with its incredible price surge of over 300% in the last 24 hours. As per DefiLama, BSC climbed up to
Changpeng Zhao, the founder and former CEO of Binance, expressed his concerns over the growing popularity of meme coins, calling the trend “a little weird” in a statement made on Tuesday. Zhao’s comments come at a time when meme coins see explosive gains in 2024. However, the rise of meme
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
