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The Latest Breaking News from Binance

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

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

Zenger

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

The Independent UK

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.

Fortune

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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

The Guardian - UK

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.

PC Gamer

Binance avoided a death sentence—but the slow bleed is yet to come

The long-awaited settlement with the crypto exchange avoided FTX territory.

Fortune

First Thing: Israel and Hamas agree to four-day ceasefire and release of 50 hostages

Israel approves deal in which 50 Israeli women and children will be released in exchange for 150 jailed Palestinians and a lull in fighting. Plus, thousands sign up to anti-loneliness club in LA

The Guardian - UK

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Binance Hit With $4.3B Justice Department Penalty: Yellen Says Crypto Exchange ‘Turned A Blind Eye’ To The Law

Binance admitted guilt to federal charges Tuesday as part of resolution with U.S. Justice Department amounting to over $4 billion

Zenger

After days of turmoil at OpenAI, co-founder Sam Altman to return as CEO

After days of turmoil at OpenAI, ousted leader Sam Altman is to return as CEO. The San Francisco-based company issued a statement late on Tuesday saying an agreement had been reached in principle with Altman to take back his role with a new board. Also in this edition, the head…

France 24

Bitcoin,Ethereum,Dogecoin Tumble After Binance CEO Changpeng Zhao Resigns,Pleads Guilty To Felony Charge

Major cryptocurrencies experienced a downturn on Tuesday evening following a significant development involving Binance

Zenger

Analysis: Binance’s $4 billion plea deal is a victory for the company—but there’s a huge catch

It appears Binance may survive its founder and CEO stepping down. But can the crypto exchange thrive under the thumb of U.S. regulators?

Fortune

World’s largest crypto exchange pays $4.3bn to settle federal cases as CEO resigns

Binance crypto exhange was facing scrutiny from federal regulators including the Commodity Futures Trading Commission and the Departments of Justice and Treasury

The Independent UK

Binance CEO’s Exit Paves Way For Traditional Giants To Dominate Bitcoin ETF Market

Changpeng Zhao's resignation clears path for BlackRock, Fidelity, and Invesco to take over as SEC considers Bitcoin ETF approval.

Zenger

Binance CEO steps down amid guilty plea

The CEO of Binance will resign and plead guilty to violating criminal U.S. anti-money-laundering requirements

The Street

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Al Jazeera

Binance crypto exchange founder to step down amid US illicit finance probe

US authorities say CEO Changpeng Zhao pleaded guilty to breaking anti-money laundering laws.

France 24

Binance CEO Zhao to step down, plead guilty to settle US investigation

The CEO of Binance, Changpeng Zhao, has pleaded guilty to criminal charges, and has stepped down from the world's largest cryptocurrency exchange. Binance will pay more than $4 billion to the US government and admit wrongdoing, after it was accused of operating as an unregistered securities exchange among other violations…

WEKU

CZ, founder of crypto giant Binance, pleads guilty to money laundering violations

Changpeng Zhao agreed to plead guilty to money laundering charges and step down from Binance as part of a sweeping settlement with the Department of Justice and top regulators.

Fortune

Binance BNB token drops on criminal charges, Bitcoin and broader crypto market dip slightly

Binance CEO Changpeng “CZ” Zhao is expected to step down and plead guilty to criminal charges.

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The Independent UK

World’s largest cryptocurrency exchange to pay over $4 billion in agreement with US, AP source says

The world’s largest cryptocurrency exchange has agreed to pay more than $4 billion as part of an agreement with the U.S. government

Fortune

Justice Department charges Binance, CZ

The long-awaited action could spell the end of Binance’s presence in the U.S.

Evening Standard

Binance, CEO Zhao to plead guilty in US settlement: report

Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao agreed to plead guilty to criminal and civil charges under a deal worked out with the Justice Department, according to the Wall Street Journal.

Fortune

What's behind Binance's rumored $4 billion settlement

A new rumored settlement between Binance and the agency suggests the company and its CEO are not going anywhere.

Fortune

Binance is launching an exchange in Thailand with a Thai energy mogul who’s worth $10.6 billion

Sarath Ratanavadi is the second-wealthiest individual in Thailand, according to the Bloomberg Billionaires Index.

Fortune

What’s the deal with Hamas and crypto?

Tether, not Bitcoin, seems to be the new global center of gravity for illicit financing networks.

WEKU

Sam Bankman-Fried is guilty, and the industry he helped build wants to move on

As Sam Bankman-Fried prepares to go to prison for one of the largest financial frauds in history, the cryptocurrency industry is looking ahead to a future without its former "golden boy."

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