Binance Founder Changpeng ‘CZ’ Zhao Released on $175M Bond, Will Be Sentenced in February
Binance founder and former CEO Changpeng “CZ” Zhao has been released from custody on a $175 million personal recognizance bond.
Binance
Binance, Changpeng ‘CZ’ Zhao to Pay $2.85B Fine in CFTC Settlement
Crypto exchange Binance and its founder, Changpeng “CZ” Zhao will pay nearly $3 billion in fines to the Commodity Futures Trading Commission to settling the regulator’s lawsuit against it. The company is also settling with the U.S. Department of Justice and Treasury Department in parallel actions on Tuesday.
What’s Next for Ex-Binance CEO CZ? Passive Investing, DeFi
The former Binance CEO will remain a shareholder and a consultant for the company.
Binance to Make ‘Complete Exit’ From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement
Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department’s money laundering and sanctions watchdogs, according to press releases shared Tuesday.
Binance Got Huge Due to U.S. Customers. That Was Illegal, U.S. Says
Binance’s ex-CEO Changpeng Zhao (Getty Images)
After CZ Quits as Binance CEO, Richard Teng Looks Like the Heir Apparent
Richard Teng (Binance)
Bitcoin and BNB Token Stage Relief Rallies on Binance Settlement News
Crypto exchange Binance could reportedly soon be paying $4 billion to settle multiple U.S. criminal charges.
Binance in Talks to Pay More Than $4B to End U.S. Criminal Case; CZ Could Still Face Charges: Bloomberg
A resolution could come as soon as the end of this month, Bloomberg reports.
CME, Where Institutions Trade Bitcoin Futures, Flipped Binance. Is That as Bullish as It Sounds?
(Danny Nelson/CoinDesk)
Bitcoin ETF Excitement Drives Wall Street Giant CME Above Binance in BTC Futures Rankings
CME’s rise to the top rank highlights the growing institutional demand for bitcoin, as the venue is almost exclusively used by large traditional financial institutions, one analyst noted.