Changpeng Zhao

Changpeng “CZ” Zhao, the founder and former CEO of crypto exchange Binance, was sentenced to four months in jail on April 30 in Seattle after pleading guilty to anti-money laundering violations. With buzz-cut hair and a navy blue suit, Zhao learned his fate in court, accompanied by his son, nephew, mother, and sister. Last year, […]

In a court filing on April 23, US prosecutors said Binance founder and ex-chief executive Changpeng Zhao should serve 36 months in prison over the allegations of violating the anti-money laundering laws (AML). Zhao pleaded guilty in the US to anti-money laundering and sanctions violations in November 2023. He then stepped down from his chief […]

Binance, the world’s largest cryptocurrency exchange, struck a $4.3 billion deal to settle allegations that it violated anti-money laundering and sanctions laws, an agreement approved by a U.S. judge on Friday (Feb 23). JUST IN: Judge fines #Binance $4.3 billion in US plea deal after admitting to money laundering & sanctions violations. — Watcher.Guru (@WatcherGuru) […]

U.S. Securities and Exchange Commission (SEC) and Binance continue to clash over evidence production and witness depositions in the regulator’s lawsuit against the leading cryptocurrency exchange. According to a joint status report submitted on Jan. 25, the regulator claims that BAM Trading Services Inc., the parent corporation of Binance.US, has not fully complied with its […]

Regulators in Florida and Alaska have forbidden Binance.US from operating in their states, according to a report by The Wall Street Journal on January 25. The Alaska Division of Banking and Securities rejected Binance.US’s operating license renewal this month. The decision sparked speculation about the underlying reasons and potential ramifications for the exchange’s operations. At […]

Binance faced the SEC in Washington, DC, for a four-hour hearing on Monday. The exchange sought to dismiss charges made against it, its US sector, and former CEO Changpeng Zhao last summer. The US Securities and Exchange Commission again seeks a federal judge to support its claim to regulate the cryptocurrency industry. Judge’s Controversy & […]

Binance Holdings and its former CEO, Changpeng Zhao, have responded to the United States Securities and Exchange Commission’s (SEC) attempt to include Binance’s admission of guilt to the Department of Justice (DOJ) in the ongoing legal proceedings on December 12, 2023. Binance Rejects SEC’s $4.3B Claim: Legal Showdown Unfolds In a filing submitted to the […]

Recent moves by the largest cryptocurrency exchange, Binance, to remove several bitcoin-Ethereum pairings have caused a stir as they are under more regulatory scrutiny. The move is meant to address legal obstacles that have been affecting the digital assets industry with effect from Nov. 28. Binance announced the delisting of Bitcoin and Ethereum cross-margin and […]

The Binance CEO, Changpeng Zhao, got out on bail for $175M. He might spend 18 months in jail for mone­y laundering. They will review his case­ by November 27. Changpeng Zhao said he was guilty in a Se­attle court. So, they let him out on a $175 million bail. Changpeng Zhao is the­ man who […]