In 2022 and 2023, FTX dominated crypto regulation headlines, this year the cannons of government-enforced regulation, undeterred in their mission to seek and destroy, are focused on another "big bird" and are hell-bent on clipping its wings. Binance, for several months now, has faced a series of challenges with regulators ...
A lot has been going on at Binance in the last two weeks. The exchange pleaded guilty to multiple federal charges, including anti-money laundering, unlicensed money transmission, and sanctions violations; consequently reaching a settlement deal with the Department of the Treasury and the U.S. Commodity Futures Trading Commission (CFTC) to ...
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 ...
On July 27, 2023, attorneys representing Binance and its CEO, Changpeng Zhao filed a motion to dismiss the lawsuit filed both parties by the U.S. Commodity Futures Trading Commission (CFTC). The attorneys claimed that the lawsuit is CFTC's attempt to extend its regulatory authority beyond the United States and exert ...
Binance.US CEO and primary shareholder, Changpeng Zhao, is reportedly exploring options to reduce his stake in the company amid ongoing legal challenges. According to sources familiar with the matter, Zhao has been attempting to sell a portion of his controlling stake since the second quarter of 2022. Some of the ...
Changpeng Zhao, CEO of cryptocurrency exchange Binance, has disputed recent media reports about his net worth. Bloomberg's The New Finance Rich List had estimated his net worth at $28.2 billion, placing him among the world's wealthiest billionaires. However, Zhao dismissed these figures as incorrect and tweeted that his net worth ...
Binance's Chief Strategy Officer, Patrick Hillman, has accused Samuel Bankman-Fried (SBF) of spreading false and discriminatory rumours about Binance's CEO, Changpeng Zhao (CZ), prior to the collapse of Bankman-Fried's cryptocurrency exchange, FTX. Hillman alleged that Bankman-Fried relied on portraying Zhao as an "evil Chinese" to carry out his scheme successfully, ...
