Four months in prison for CZ, another US state kicks out Binance.US: Law Decoded
While Changpeng “CZ” Zhao received a surprisingly moderate jail term, Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US’ license. This post was originally published on this site
Former Binance CEO CZ: I Will Do My Time — Crypto Industry Has Entered a New Phase
Former Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for their support following his four-month U.S. prison sentence for pleading guilty to money laundering charges. “I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compliance is super important,” Zhao emphasized. CZ: Binance […]
Changpeng Zhao’s 4-month sentence a ‘general deterrence,’ says lawyer
CZ’s charges are serious, justified, and “sent a message” to the industry that compliance “must be taken seriously,” says lawyer and RMIT lecturer Aaron Lane. This post was originally published on this site
Changpeng Zhao’s 4-month sentence a ‘general deterrence,’ says lawyer
CZ’s charges are serious, justified, and “sent a message” to the industry that compliance “must be taken seriously,” says lawyer and RMIT lecturer Aaron Lane. This post was originally published on this site
Former Binance Boss Changpeng Zhao Sentenced to 4 Months in Jail
On Tuesday, April 30, 2024, Changpeng Zhao (CZ), formerly the CEO of Binance, was sentenced in a Seattle courtroom for his compliance failures at the cryptocurrency exchange. The sentencing was first covered by Nikhilesh De and Danny Nelson of Coindesk, who reported directly from the courthouse. Per Nikhilesh De’s X thread, the proceedings began with […]
Miami Heat’s Jimmy Butler seeks dismissal from Binance promo class suit
Lawyers for the basketball star claim he did not mention any alleged securities but instead warned of celebrities promoting crypto investments.This post was originally published on this site
Binance and CEO Changpeng Zhao seeks to dismiss CFTC complaint
Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC against them.This post was originally published on this site
BNB’s soaring futures open interest and regulatory woes weigh on the altcoin’s price
Persistent regulatory actions and concerning derivatives data are likely the main factors behind BNB’s bearish price action. This post was originally published on this site
“Sam Bankman-Fried really hurt the industry” — Anthony Scaramucci
The politician and business magnate has his eyes set on Binance CEO CZ taking the reins of the future crypto industry. This post was originally published on this site
Binance vs. SEC: How low can BNB price go?
BNB is clinging on to its short-term bullish bias amid the Binance-SEC fiasco but a 30% price decline is still on the cards.This post was originally published on this site