The Latest Breaking News from Changpeng Zhao

Binance Spot Volume Market Share Nosedives Following Regulatory Troubles In US

The crypto exchange platform founded in July 2017 by its former CEO Changpeng Zhao (CZ) saw an 18% drop in its spot volume market share amongst centralized exchanges decline.

International Business Times · Dec 25, 2023

CFTC Ends Enforcement Action; US Court Approves Billion-Dollar Settlement With Binance, CZ

Aside from the payment of fines, the court order also obligates Binance and Zhao to issue certifications on the existence of the application and efficacy of improved compliance control of Binance and "permanently enjoins them from further violations as charged."

International Business Times · Dec 19, 2023

Binance, CZ Ask Court To Dismiss SEC's Latest Notice: 'Procedurally Improper'

The filing also underlined that what the agency recently submitted to the court was "an impermissible supplemental brief that identifies no new 'authority' and instead attempts to introduce new factual information and arguments."

International Business Times · Dec 13, 2023

Binance VIP Traders Tipped Off By Executives Ahead Of DOJ Settlement: Report

Some market makers already knew about the historic settlement agreement roughly a couple of months before it took place, as per a Bloomberg report.

International Business Times · Dec 4, 2023

What is the $1 billion lawsuit facing Cristiano Ronaldo?

Football star being sued for Binance endorsement

Evening Standard · Dec 1, 2023

FTX and Binance: how latest crypto scandals could influence public opinion on digital currency regulation

True believers in cryptocurrency have had a rough few weeks. The US government just fined Binance – the world’s largest crypto exchange – US$4.3 billion (£3.4 billion) for its involvement in money laundering.

The Conversation · Dec 1, 2023

Binance's CZ Remains Silent But Flashes '4' On Reports That He Is Prohibited From Leaving US

Zhao has been under fire since he pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement agreement with the Department of Justice and other agencies last week.

International Business Times · Nov 29, 2023

CZ Makes Strategic Move That Detaches Him From Embattled Binance.US

The decision keeps Zhao from playing any role in Binance.US, including in the exchange's governance.

International Business Times · Nov 29, 2023

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 · Nov 28, 2023

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 · Nov 28, 2023