Day: 22 November 2023

Richard Teng, the new CEO of Binance, is trying to alleviate concerns among investors and customers in the aftermath of the exchange's legal troubles with U.S. authorities. In a post on X (formerly Twitter), Teng emphasized the exchange's business fundamentals are "very strong." According to him, Binance is debt-free and ...

Changpeng Zhao, Binance’co-founder, has announced his resignation as the CEO of the prominent cryptocurrency exchange. In a lengthy statement on X (formerly Twitter), Zhao acknowledged the difficulty of the decision but noted that it was "the right thing to do." Today, I stepped down as CEO of Binance. Admittedly, it ...

Binance has pleaded guilty to multiple charges brought against it by the United States Department of Justice and has agreed to pay a staggering $4.3 billion penalty as part of a settlement deal. The US DOJ announced this development in an official statement published on Tuesday, November 21, 2023.  The ...