cryptocurrencies

  • 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…


  • SBF Finally Testifies in Court With No Jurors Present

    SBF Finally Testifies in Court With No Jurors Present

    FTX founder Sam Bankman-Fried testified in his fraud trial Thursday with no jury present. In his testimony, he acknowledged that Alameda was being used as a payment processor for FTX, but did not recall conversations around the $US13 billion hole in his crypto empire, according to Bloomberg. Bankman-Fried is on trial for allegedly defrauding FTX…