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The Latest Breaking News from Changpeng Zhao

Changpeng Zhao: another crypto king is dethroned by America’s courts

Weeks after the Bankman-Fried trial, the billionaire founder of the largest cryptocurrency exchange has been fined $50m and resigned

The Guardian - UK

Another one bites the dust: Binance CEO quits as both he and the company plead guilty to money laundering charges and accept whopping $4.3 billion fine

Changpeng Zao founded the company in 2017, and it's since become the world's largest crypto market.

PC Gamer

First Thing: Israel and Hamas agree to four-day ceasefire and release of 50 hostages

Israel approves deal in which 50 Israeli women and children will be released in exchange for 150 jailed Palestinians and a lull in fighting. Plus, thousands sign up to anti-loneliness club in LA

The Guardian - UK

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Binance Hit With $4.3B Justice Department Penalty: Yellen Says Crypto Exchange ‘Turned A Blind Eye’ To The Law

Binance admitted guilt to federal charges Tuesday as part of resolution with U.S. Justice Department amounting to over $4 billion

Zenger

Bitcoin,Ethereum,Dogecoin Tumble After Binance CEO Changpeng Zhao Resigns,Pleads Guilty To Felony Charge

Major cryptocurrencies experienced a downturn on Tuesday evening following a significant development involving Binance

Zenger

Analysis: Binance’s $4 billion plea deal is a victory for the company—but there’s a huge catch

It appears Binance may survive its founder and CEO stepping down. But can the crypto exchange thrive under the thumb of U.S. regulators?

Fortune

World’s largest crypto exchange pays $4.3bn to settle federal cases as CEO resigns

Binance crypto exhange was facing scrutiny from federal regulators including the Commodity Futures Trading Commission and the Departments of Justice and Treasury

The Independent UK

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Binance CEO’s Exit Paves Way For Traditional Giants To Dominate Bitcoin ETF Market

Changpeng Zhao's resignation clears path for BlackRock, Fidelity, and Invesco to take over as SEC considers Bitcoin ETF approval.

Zenger

Binance crypto exchange founder to step down amid US illicit finance probe

US authorities say CEO Changpeng Zhao pleaded guilty to breaking anti-money laundering laws.

Al Jazeera

Binance CEO Zhao to step down, plead guilty to settle US investigation

The CEO of Binance, Changpeng Zhao, has pleaded guilty to criminal charges, and has stepped down from the world's largest cryptocurrency exchange. Binance will pay more than $4 billion to the US government and admit wrongdoing, after it was accused of operating as an unregistered securities exchange among other violations…

France 24

CZ, founder of crypto giant Binance, pleads guilty to money laundering violations

Changpeng Zhao agreed to plead guilty to money laundering charges and step down from Binance as part of a sweeping settlement with the Department of Justice and top regulators.

WEKU

World’s largest cryptocurrency exchange to pay over $4 billion in agreement with US, AP source says

The world’s largest cryptocurrency exchange has agreed to pay more than $4 billion as part of an agreement with the U.S. government

The Independent UK

Justice Department charges Binance, CZ

The long-awaited action could spell the end of Binance’s presence in the U.S.

Fortune

Binance, CEO Zhao to plead guilty in US settlement: report

Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao agreed to plead guilty to criminal and civil charges under a deal worked out with the Justice Department, according to the Wall Street Journal.

Evening Standard

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Fortune

What's behind Binance's rumored $4 billion settlement

A new rumored settlement between Binance and the agency suggests the company and its CEO are not going anywhere.

Fortune

Binance is launching an exchange in Thailand with a Thai energy mogul who’s worth $10.6 billion

Sarath Ratanavadi is the second-wealthiest individual in Thailand, according to the Bloomberg Billionaires Index.

Fortune

Sam Bankman-Fried used $1.2 billion of customer money to buy out Binance CEO Changpeng Zhao, witness says. Will CZ pay it back?

“The amount of customer deposits held in Alameda Research and FTX.com accounts was way less than was owed to customers on FTX,” testified accounting professor Peter Easton on Wednesday.

Fortune

Bankman-Fried’s whisper campaign against Binance is part of a long U.S. tradition of working the refs

Testimony this week shed light on Bankman-Fried's attempt to sic regulators on Binance—a time-worn tactic in U.S. finance.

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Zenger

Binance Faces Class-Action Lawsuit Over Alleged Role In FTX’s Downfall

California resident accuses Binance and CEO Zhao of unfair competition, seeks monetary damages

Zenger

Cryptocurrencies Plummet As Binance And Zhao Seek Dismissal Of SEC Lawsuit

Market decline follows motion to dismiss allegations of securities violations by Binance and its CEO

Zenger

Binance CEO Denies Ownership In CommEx Amid Russia Business Acquisition

Changpeng Zhao clarifies operational overlaps and disassociates from ownership ties

Fortune

Binance sells Russian operation to crypto exchange that officially launched hours prior to announced deal

CommEX, which hasn't publicly disclosed information about its CEO or where it's registered, agreed to purchase Binance’s Russian entity.

Fortune

$690,000 hack of Vitalik Buterin’s X account includes theft of $244,000 CryptoPunk NFT

The account reportedly was hacked to promote a fake free NFT that proved to be a scam.

Fortune

Mastercard to end prepaid crypto card program with Binance after calling partnership ‘exciting step in our crypto journey’

The breakup follows two lawsuits from the U.S. federal government against the world’s largest crypto exchange.

Fortune

Binance claims it adheres to Western sanctions in Russia. At least 5 blacklisted lenders are still processing payments for the exchange

The exchange is also reportedly in the midst of an investigation from the Justice Department.

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