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The Latest Breaking News from Binance

TechScape: Why billions in sanctions can’t bring down Binance

In this week’s newsletter: Changpeng Zhao has pleaded guilty to breaking US anti-money-laundering laws but will the enforcement end there?

The Guardian - UK

Court Prohibits Binance's CZ From Leaving US After Guilty Plea

This is not the only trouble Zhao could be facing in the days leading to his prison sentencing. A court filing by DOJ lawyers on Saturday revealed they might argue the Binance founder should be sentenced to up to 10 years in prison.

International Business Times

Binance Has 'Turned The Page,' New CEO Says

Richard Teng said in his first comments after becoming CEO that Binance is stronger than ever.

International Business Times

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MLB and Formula 1 targeted in new, multibillion-dollar suit over their promotions of FTX now that judges ‘updated the laws for the internet age’

The lawsuits also take aim at Cristiano Ronaldo, Mercedes-Benz, ad giant Dentsu, and global talent agency Wasserman.

Fortune

Pro-crypto Majority Whip Tom Emmer says $4.3 billion Binance settlement shows U.S. doesn’t need new crypto laws

The lawmaker said current laws are suitable to “weed out bad actors.”

Fortune

Coinbase stock surges 18% in a week as CEO Brian Armstrong says Binance settlement closes ‘that chapter of crypto’s history’

“Building a company offshore, skirting regulation, it's just not going to work,” Armstrong said in an interview with CNBC in London.

Fortune

Binance’s new CEO on the post-CZ era and what comes next

Replacing a founding CEO is never easy. For incoming Binance CEO Richard Teng, the task will be even tougher than usual.

Fortune

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Binance's Changpeng Zhao Could Be Detained In The US, Spend A Decade In Jail

Zhao and the crypto exchange he founded, Binance, pleaded guilty to the DOJ's charge of one count of violating the Bank Secrecy Act.

International Business Times

New Binance CEO Richard Teng says firm has ‘robust timeline’ for board, financial disclosures

In his first on-the-record interview, Binance’s new CEO explained how he will guide the company in the post-CZ era.

Fortune

BONE ShibaSwap Now Available On Binance, But There's A Catch

Last week, there were three transactions that transferred BONE tokens to a wallet associated with Binance. This activity sparked speculation about the potential listing of the Shibarium gas fee token on the exchange.

International Business Times

Binance founder Changpeng Zhao urges judge to let him leave the U.S. before sentencing—after the DOJ scrambles to stop him

The crypto billionaire wants to await his sentencing while spending time with family in the UAE—which has no extradition treaty with the U.S.

Fortune

Bitcoin Tops $38,000 For First Time This Year In Hectic Crypto Week

Bitcoin hit a 2023 high in a week that saw problems at Binance and HTX.

Kiplinger

CZ Under Fire: X Restricts Ex-Binance CEO's Account; DOJ Scrambles To Prevent Him From Leaving US

Changpeng Zhao created a buzz on Tuesday when he announced that he was stepping down as the CEO of Binance, and now he is under fire.

International Business Times

KuCoin Delists 10 Altcoins, Withdrawals Available Only Till May 2024

The delisting, which takes effect from Friday, is a bold move as it reflects the exchange's commitment to its Special Treatment Rules, which disqualifies the affected tokens and essentially removes them from the platform.

International Business Times

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Zenger

Binance’s DOJ Settlement Sparks Crypto Market Volatility

Bitcoin sees mixed trading as altcoins prepare for next surge; Analysts predict bitcoin to surpass $40,000

Zenger

Binance Founder Zhao’s Wealth Fluctuates Amid Resignation And $4.3B Settlement

Changpeng Zhao's fortune sees ups and downs as he steps down from Binance and faces hefty fines.

Zenger

Crypto Market Rebounds As Spot Bitcoin ETF Optimism Resurfaces

Cryptocurrencies surge as optimism grows for spot Bitcoin ETF approval.

Zenger

Binance, CEO Admit Guilt In $4B Settlement With U.S. DOJ

World's largest crypto exchange faces charges related to money laundering and violations of U.S. laws.

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France 24

Can Binance survive fallout from founder Changpeng Zhao's guilty plea?

Binance has seen outflows of over $1 billion in the past 24 hours, according to analysis firm Nansen. This is sparking questions on whether the crypto exchange can withstand its founder Changpeng Zhao pleading guilty to breaking US anti-money laundering laws and stepping down as CEO. Also, US and international…

Zenger

Binance CEO Steps Down Amid AML Breaches, Investor Eyes Compliant Alternatives

Changpeng Zhao's resignation and $50 million contribution follow regulatory settlement, Kevin O'Leary recommends M2 Exchange

Zenger

World’s Largest Crypto Exchange Hit With Record Fine, CEO Resigns

Binance CEO fined $4.3B for AML violations, steps down

The Independent UK

Regulators and law enforcement crack down on crypto's bad actors. Congress has yet to take action

While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry

Fortune

Binance saw $800 million in outflows after news broke of Changpeng Zhao’s plea deal. Experts say it could have been much worse

The company saw $800 million of outflows in some of the largest cryptocurrencies over the past day.

The Guardian - UK

Changpeng Zhao: another crypto king is dethroned by America’s courts

Weeks after the Bankman-Fried trial, the billionaire founder of the largest cryptocurrency exchange has been fined $50m and resigned

PC Gamer

Another one bites the dust: Binance CEO quits as both he and the company plead guilty to money laundering charges and accept whopping $4.3 billion fine

Changpeng Zao founded the company in 2017, and it's since become the world's largest crypto market.

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