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The Latest Breaking News from Changpeng Zhao

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

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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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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.

Fortune

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.

WEKU

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.

Zenger

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.

Fortune

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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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Fortune

Why Binance's Yi He is no Caroline Ellison

Yi He, an important behind-the-scenes influence at Binance and the mother of the founder's children, takes a rare step into the limelight.

Zenger

Binance Lawyers Accuse SEC Of Breaking Conduct Rules In Lawsuit

Binance Blasts SEC for Misleading Information in Lawsuit

Fortune

‘None of that is really an issue at Coinbase’: CEO Brian Armstrong talks about Binance without talking about Binance

The Coinbase CEO distinguished the SEC’s action against his exchange from the agency’s other suits, including its action against Binance.

The Independent UK

Under court deal, Binance can continue U.S. operations as it battles SEC fraud charges

The U.S. Securities and Exchange Commission and Binance have reached a court agreement that lets the world’s largest cryptocurrency exchange continue to operate in the United States as it battles SEC fraud charges

The Guardian - UK

Binance to quit the Netherlands and faces investigation in France

Crypto exchange confirms failure to obtain Dutch licence and French inquiry as problems mount in US too

Fortune

Binance loses footing in Europe as French prosecutors investigate exchange and Netherlands denies license application

The two blows against Binance come less than two weeks after the SEC sued it and its CEO, Changpeng Zhao.

Fortune

Binance’s U.S. subsidiary lays off about 50 employees, cites ‘costly litigation process’

"This was a very hard decision—one that we didn’t take lightly," the company's management said in internal documents.

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