Changpeng Zhao
Swift Binance Recovery: 10-Second Outage Spurs Redundancy Reflections
Binance, the largest cryptocurrency exchange worldwide, encountered a momentary service interruption on Tuesday, October 17. The disruption resulted from an unexpected hardware failure within its matching engine. However, the inconvenience endured for merely 10 seconds before the system seamlessly transitioned to its backup mechanism and swiftly resumed normal operations without any further complications. According to […]
Binance And CEO Changpeng Zhao File Motion To Dismiss US SEC Lawsuit
On Sept. 21, Binance, its US subsidiary Binance.US, and CEO Changpeng Zhao ‘CZ’ filed a joint motion in the US District Court of the Columbia state to dismiss the SEC lawsuit against them. Crypto exchanges and CZ stressed that the SEC had overstepped its authority while filing the lawsuit. The financial regulator filed the lawsuit […]