Changpeng Zhao

In a historic move in the cryptocurrency space, Binance cofounder Changpeng Zhao has agreed to step down from the position of the company CEO and has pleaded guilty to violating US anti-money laundering charges brought down by the US Department of Justice. The settlement of the case comes at an unprecedented 4.3 billion dollars to resolve a long-running investigation into the world's largest cryptocurrency by trade volume. But who is Zhao, who created this massive empire and brought it to a fall, conceding a personal…

Changpeng Zhao had long cultivated the image of the rugged pugilist of the cryptocurrencies world. When his rival Sam Bankman-Fried's crypto empire collapsed a year ago, Zhao, or “CZ” as his fans call him, was in the middle of it all, yanking his money in a very public way and helping trigger the ultimately fatal run on the firms. Years earlier he claimed the company's headquarters was wherever he happened to be, a thinly veiled salvo against regulators trying to nail down jurisdiction. And this March, when US regulators…

Binance founder Changpeng Zhao (CZ) will step down from his CEO duties and plead guilty to criminal charges, paying a $50 million fine, according to court documents made public Tuesday. The Department of Justice is expected to announce a $4 billion settlement with Binance this afternoon, putting an end to an investigation by the CFTIC into the world’s largest crypto exchange.The Biggest Crypto Heists of 2022…So FarBinance U.S. may live to trade another day, but not with CZ at the helm. New details emerged Tuesday around a…

CEO Changpeng Zhao is set to to federal money laundering charges and step down from his position at the company he founded. Zhao and the cryptocurrency exchange have reached a plea deal with the government, which conducted a multi-year investigation into the company, reports. As part of the settlement, Binance will forfeit $2.5 billion and pay a $1.8 billion fine. Zhao is slated to personally pay $50 million.Zhao will be prohibited from having any involvement with Binance for three years. As part of the plea deal, Zhao…

The US Justice Department seeks $4 billion from Binance to end a years-long investigation into the world’s largest cryptocurrency exchange, according to Bloomberg. Negotiations are reportedly underway that could subject Binance co-founder and CEO Changpeng Zhao (aka CZ) to criminal charges in the US.Why Should Crypto Currencies be Called Securities? | Gizmodo InterviewBloomberg cites “people familiar with the discussions” as saying that the Justice Department alleges money laundering, bank fraud, and sanctions violations…

The Netherlands and Belgium have barred the exchange, Germany hasn’t given it a license to operate and French prosecutors are investigating it. The Netherlands and Belgium have barred the exchange, Germany hasn’t given it a license to operate and French prosecutors are investigating it. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

Binance has issued a cease and desist order to "Binance Nigeria Limited", Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a "scammer entity".Earlier this month, Nigeria's markets regulator ordered Binance to halt its operations in the country, saying local unit "Binance Nigeria Limited" that courted Nigerian investors through a website was not registered or regulated, making it illegal. Binance, the world's biggest cryptocurrency exchange, has faced a string of setbacks recently,…

Image: JOCA_PH (Shutterstock)Cryptocurrency exchange Binance’s U.S. arm has indefinitely paused deposits and withdrawals of American dollar deposits and withdrawals. The company announced it would be freezing these assets after the U.S. Securities and Exchange Commission filed a lawsuit against the exchange and CEO Changpeng Zhao. He Tossed His Bitcoin, Now He Wants It BackThe U.S. affiliate of the popular cryptocurrency exchange announced the freeze in a lengthy tweet posted Thursday night. Binance.US said in the tweet…

The Securities and Exchange Committee filed a lengthy lawsuit against Coinbase on Tuesday, accusing the largest crypto exchange in the US of operating as an illegal, unregistered broker and exchange for its crypto exchange, Coinbase Prime, and its Coinbase Wallet. The legal action comes less than 24 hours after the SEC filed a separate suit against Binance accusing it of running an illegal crypto scheme and engaging in “an extensive web of deception.” It’s only Tuesday, but it’s already looking like one of the shakiest…

Binance was hit with a new lawsuit from the U.S Securities and Exchange Commission Monday. The federal regulator unleashed 13 charges against the world’s largest crypto exchange and its founder Changpeng Zhao Monday, alleging violations of U.S. securities law, accusing the company of operating an illegal exchange.NPR Is Going Dark on Twitter | Future Tech“Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated…