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The Latest Breaking News from Changpeng Zhao

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 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.

Al Jazeera

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…

France 24

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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.

WEKU

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

The Independent UK

Justice Department charges Binance, CZ

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

Fortune

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.

Evening Standard

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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

Sam Bankman-Fried used $1.2 billion of customer money to buy out Binance CEO Changpeng Zhao, witness says. Will CZ pay it back?

“The amount of customer deposits held in Alameda Research and FTX.com accounts was way less than was owed to customers on FTX,” testified accounting professor Peter Easton on Wednesday.

Fortune

Bankman-Fried’s whisper campaign against Binance is part of a long U.S. tradition of working the refs

Testimony this week shed light on Bankman-Fried's attempt to sic regulators on Binance—a time-worn tactic in U.S. finance.

Fortune

Binance Faces Class-Action Lawsuit Over Alleged Role In FTX’s Downfall

California resident accuses Binance and CEO Zhao of unfair competition, seeks monetary damages

Zenger

Cryptocurrencies Plummet As Binance And Zhao Seek Dismissal Of SEC Lawsuit

Market decline follows motion to dismiss allegations of securities violations by Binance and its CEO

Zenger

Binance CEO Denies Ownership In CommEx Amid Russia Business Acquisition

Changpeng Zhao clarifies operational overlaps and disassociates from ownership ties

Zenger

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Fortune

Binance sells Russian operation to crypto exchange that officially launched hours prior to announced deal

CommEX, which hasn't publicly disclosed information about its CEO or where it's registered, agreed to purchase Binance’s Russian entity.

Fortune

$690,000 hack of Vitalik Buterin’s X account includes theft of $244,000 CryptoPunk NFT

The account reportedly was hacked to promote a fake free NFT that proved to be a scam.

Fortune

Mastercard to end prepaid crypto card program with Binance after calling partnership ‘exciting step in our crypto journey’

The breakup follows two lawsuits from the U.S. federal government against the world’s largest crypto exchange.

Fortune

Binance claims it adheres to Western sanctions in Russia. At least 5 blacklisted lenders are still processing payments for the exchange

The exchange is also reportedly in the midst of an investigation from the Justice Department.

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WEKU

The future of crypto hinges on a fight between the SEC and a former burger flipper

A looming courtroom battle between the largest cryptocurrency exchange and the world's most powerful regulator promises to shape the future of crypto.

Zenger

Binance Japan To Launch With 34 Tokens, Including BNB, Surpassing Local Competitors

Binance Japan aims to establish dominance in the market by offering the widest range of tokens, including its native token.

Fortune

Binance secures license in Dubai amid international pullback and mounting legal woes

The firm has pulled back from the Netherlands, Germany, and Cyprus, and faces investigations in the U.S., Canada, France, and Australia.

Zenger

Binance Pulls German Crypto License Application Amid Regulatory Challenges

Binance has withdrawn its application for a crypto license in Germany

Fortune

Binance reportedly lays off over 1,000 employees as top crypto exchange grapples with SEC lawsuit and looming DOJ investigation

The layoffs could end up reducing Binance's staff by one-third.

Fortune

Binance and the Justice Department had a deal. What happened?

It wasn’t long ago that Binance looked to be on the cusp of a settlement with the Justice Department. Now, all bets are off.

Fortune

Binance plunges into crisis as senior execs quit over CEO Changpeng Zhao’s response to Justice Department investigation

Senior members of Binance’s legal and compliance team left the company this week.

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