binance

  • Binance CEO Pleads Guilty to Money Laundering Violations, Will Step Down

    Binance CEO Pleads Guilty to Money Laundering Violations, Will Step Down

    Binance founder Changpeng Zhao (CZ) will step down from his CEO duties and plead guilty to criminal charges, paying a $US50 million fine, according to court documents made public Tuesday. The Department of Justice is expected to announce a $US4 billion settlement with Binance this afternoon, putting an end to a fierce legal battle between…


  • Binance Says U.S. Law Doesn’t Control The World, Seeks to Dismiss CFTC Suit

    Binance Says U.S. Law Doesn’t Control The World, Seeks to Dismiss CFTC Suit

    Binance is once again fighting off regulators, claiming the Commodity Futures Trading Commission’s (CFTC) lawsuit is an overreach of U.S. law. The largest cryptocurrency exchange in the world says the agency is trying to regulate foreign individuals and corporations operating outside the US. “U.S. law governs domestically but does not control the world. Congress did…


  • Binance Charged With Running Illegal Crypto Exchange in New SEC Complaint

    Binance Charged With Running Illegal Crypto Exchange in New SEC Complaint

    Binance was hit with a new lawsuit from the U.S Securities and Exchange Commission Monday. The federal regulator unleashed 13 charges against the world’s largest crypto exchange and its founder Changpeng Zhao Monday, alleging violations of U.S. securities law, accusing the company of operating an illegal exchange. “Through thirteen charges, we allege that Zhao and…