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Former Binance Boss Changpeng Zhao Sentenced to 4 Months in Jail

Former Binance Boss Changpeng Zhao Sentenced to 4 Months in JailOn 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 […]

Trader who lost $26M to copy-paste error says it’s been ‘max pain’

Former Binance Boss CZ Apologizes, Accepts Responsibility Ahead of Sentencing

Former Binance Boss CZ Apologizes, Accepts Responsibility Ahead of SentencingChangpeng Zhao, the former CEO of Binance, has publicly apologized for his past decisions and accepted full responsibility for his actions. This comes as U.S. prosecutors are seeking a 36-month prison sentence for Zhao in connection with compliance failures at the cryptocurrency exchange. Changpeng Zhao Issues Apology as Sentencing Nears In a letter to the […]

Trader who lost $26M to copy-paste error says it’s been ‘max pain’

US Prosecutors Seek 36-Month Sentence for Binance’s Changpeng Zhao Over Legal Violations

US Prosecutors Seek 36-Month Sentence for Binance’s Changpeng Zhao Over Legal ViolationsFederal prosecutors have recommended a 36-month prison sentence for Changpeng Zhao (CZ), the cryptocurrency exchange Binance’s former CEO, for U.S. law violations. Prosecutors contend Zhao’s deliberate non-compliance facilitated massive unlawful transactions, impacting national security and financial systems. CZ’s Legal Woes Deepen With Proposed Three-Year Prison Term Changpeng Zhao, referred to as “CZ” and the brain […]

Trader who lost $26M to copy-paste error says it’s been ‘max pain’

Former Binance CEO Changpeng Zhao’s Sentencing Delayed to April 30, Court Notice Reveals

Former Binance CEO Changpeng Zhao’s Sentencing Delayed to April 30, Court Notice RevealsA U.S. court has postponed the sentencing of Changpeng Zhao, the ousted CEO of the crypto exchange Binance, to April 30. A Seattle Federal Court notice did not share reasons for the delay in Zhao’s sentencing while his lawyer reportedly declined to comment on the matter. Uncertain Times for CZ as He Awaits Sentencing A […]

Trader who lost $26M to copy-paste error says it’s been ‘max pain’

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment ModelThe Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in cross-border payments. The experiment was designed to test “the technical feasibility of conducting cross-border – cross-currency transactions between different [distrubuted ledger technology]-based CBDC […]

Trader who lost $26M to copy-paste error says it’s been ‘max pain’