Binance has named its head of regional markets outside of the U.S., Richard Teng, as its new CEO. The change comes as founder and former CEO Changpeng “CZ” Zhao has resigned and plead guilty to charges levied against him by the U.S. Department of Justice. Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let…
As NFT marketplace Blur sets its sights on a so-called Season 3 of rewards for traders, one JPEG flipper walked away with more than $8.4 million worth of airdropped BLUR tokens from Season 2. Factoring in how active the trader was—across NFT bids, listings, and lending activity during its months-long Season 2—Blur awarded the pseudonymous Hanwe’s hanwe.eth wallet with 22.85…
A federal court has released the indictments against Binance and CEO Changpeng “CZ” Zhao filed under seal on Nov. 14, in which the United States government said it expected the cryptocurrency exchange and CZ to enter guilty pleas. In Nov. 14 filings in U.S. District Court for the Western District of Washington at Seattle, the U.S. government said it requested…
The crypto industry is reeling after news came in this morning that Binance founder Changpeng Zhao (CZ) plans to step down from his role as CEO and plead guilty to violating anti-money-laundering laws. Crypto degens have found a silver lining: speculating on a freshly launched shitcoin called “CZ” that’s already trading on Ethereum DeFi exchange Uniswap. The now ex-CEO, famous…
BNB’s (BNB) price breakout to a 5-month high at $271.90 comes as reporting from the Wall Street Journal highlighted the United States Department of Justice’s plan to announce a $4.3 billion dollar settlement with Binance to end its case. WSJ also reported that Binance founder Changpeng “CZ” Zhao has agreed to step down as CEO of the crypto exchange While…
The price of Binance’s BNB token plunged Tuesday upon reports that the leading cryptocurrency exchange and its CEO and founder Changpeng Zhao (aka “CZ”) plan to plead guilty and pay a sizable fine to settle charges from the United States Department of Justice. BNB has fallen 8% in the last hour after posting earlier gains, and currently sits at a…
Changpeng Zhao reportedly plans to plead guilty to violating U.S. Anti-Money Laundering requirements and step down as the CEO of the Binance crypto exchange. Source: https://cointelegraph.com/app/public/index.php/news/breaking-binance-changpeng-zhao-pleads-guilty-violating-anti-money-laundering-requirements-wsj
Binance CEO Changpeng Zhao has agreed to step down from his role at the world’s largest crypto exchange as part of a settlement with the U.S. Department of Justice. He also plans to plead guilty to violating criminal U.S. anti-money-laundering requirements that would potentially allow the exchange to keep operating, people familiar with the matter have told Bloomberg. The DOJ…
The United States Department of Justice announced it had seized roughly $9 million worth of Tether (USDT) following the stablecoin issuer freezing funds connected to a criminal organization responsible for romance scams. In a Nov. 21 announcement, the Justice Department said the seized funds came from “scammers who stole millions from victims across the United States” and were presumably part…
Binance founder Changpeng “CZ” Zhao has agreed to step down as CEO of the crypto exchange as the U.S. Department of Justice prepares to announce that it’s secured a $4.3 billion settlement with the company. According to The Wall Street Journal, CZ intends to plead guilty to several charges levied by the DOJ. He’s scheduled to appear in a federal…
