US prosecutors want Changpeng Zhao, the founder and former chief executive of Binance, the world’s largest cryptocurrency exchange, to serve three years in prison after he pleaded guilty to violating laws against money laundering. Prosecutors made the request in a Tuesday night filing in Seattle federal court. They said sentencing…
Binance’s new CEO, Richard Teng, joined the company in November 2023 after its founder and former CEO Changpeng Zhao pleaded guilty in the US for violating money laundering laws. As the waters were seeming to settle around Binance’s internal turmoil, it’s new CEO also may have found himself in a…
Binance, touted as the world’s largest crypto exchange, is undergoing a turmoil post the exit of its founder and former CEO Changpeng Zhao last week. Richard Teng, the former global head of regional markets at Binance has been designated as the company’s new CEO. In an address to the Binance…
Rajeev Chandrasekhar has reacted strongly to Binance founder and former CEO Changpeng Zhao’s admission to having violated US’ anti-money laundering laws. Chandrasekhar, who is the Union Minister of State for electronics and technology, has warned crypto firms against misusing technology to flout laws and accomplish illegal activities. The warning comes…
Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world’s largest crypto exchange, prosecutors said on Tuesday. The deal, which will see Zhao personally pay $50 million, was described by prosecutors…
Binance crypto exchange has signed an agreement with the government of Kazakhstan intending at fostering the crypto and Web3 culture. Kazakhstan’s Financial Monitoring Agency is looking to have Binance provide insights on framing laws around the crypto sector. Both the entities plan to target illicit activities around the virtual digital…
Binance CEO Changpeng Zhao aka CZ has hit back at critics who claim that the platform is “Chinese.” In a blog post, the company chief specifies that the executive team is now dominated primarily by Europeans and Americans, while the broader workforce is more globally dispersed. CZ added, “The inference…
The crypto community of India finds itself perplexed in the backdrop of an ongoing heated Twitter feud between WazirX co-founder Nischal Shetty and Binance CEO Changpeng Zhao. WazirX, a known name among Indian crypto exchanges, is undergoing a probe from India’s financial watchdog, the Enforcement Directorate (ED), over alleged predatory…
Binance has announced that co-founder Yi He will take over as head of its venture capital investing and incubator arm, Binance Labs. The operation has invested in over 200 projects in the blockchain space, and Binance says it manages assets totaling $7.5 billion (roughly Rs. 59,374 crore), making it one…
Binance CEO Changpeng Zhao has reportedly filed a defamation case against Bloomberg’s Chinese subsidiary called the Modern Media Company. The crypto mogul has raised a legal objection against a story by the media company titled ‘Changpeng Zhao’s Ponzi Scheme’ by filing this lawsuit. The legal team representing Binance has claimed…
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