Multiple US States Have Revoked Binance US Crypto Licenses

June 18, 2024 Bitcoin.com

Binance

Multiple U.S. states have revoked or declined to renew Binance US money transmitter licenses due to compliance issues and legal troubles involving former CEO Changpeng Zhao (CZ). “North Dakota joins Alaska, Florida, Maine, North Carolina, and Oregon who have taken similar actions to revoke or deny the renewal of BAM Trading Services’ Money Transmission License,” […]

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Binance founder CZ receives support from crypto community as jail term starts

June 1, 2024 Coin Telegraph

Binance

Once he completes his four-month sentence at Lompoc prison, Zhao plans to resume his involvement in cryptocurrency.

Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, has reported to a low-security federal prison in Lompoc, California, to begin serving his sentence.

According to a CNBC report, the information was verified with his legal team at Latham and Watkins.

Members of the crypto community have expressed their admiration for the former CEO as he is taken into custody. A Reddit user mentioned that the prison sentence is a positive move by CZ, as it protects Binance from potential risks. User Ilsemprelaziale wrote:

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Former Binance CEO CZ: I Will Do My Time — Crypto Industry Has Entered a New Phase

May 1, 2024 Bitcoin.com

Binance

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 […]

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Former Binance Boss Changpeng Zhao Sentenced to 4 Months in Jail

April 30, 2024 Bitcoin.com

AML/CFT compliance

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 […]

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Binance founder should be jailed for 36 months, US prosecutors say

April 24, 2024 Coin Telegraph

Binance

Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023.

As the United States authorities are preparing to give a sentence to Binance founder Changpeng “CZ” Zhao on April 30, prosecutors have requested jail time for the former CEO.

Binance founder Zhao should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said in a court filing on April 23.

“Given the magnitude of Zhao’s willful violation of U.S. law and its consequences, an above-guideline sentence of 36 months is warranted,” the prosecutors wrote in the filing to the U.S. district court for the Western District of Washington.

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Former Binance Head Changpeng Zhao Now Doing Dozens of Interviews per Week for New Project

April 1, 2024 The Daily Hodl

Changpeng Zhao

Binance founder and former CEO Changpeng Zhao is busy with a new project that aims to reduce the world’s illiteracy rate. In March, Zhao announced plans to launch the Giggle Academy, a platform that provides free education to the masses. In a new post on social media platform X, Zhao gives an update on the […]

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Former Binance CEO Changpeng Zhao Forced To Surrender Passport to US Authorities Before Pretrial

March 14, 2024 The Daily Hodl

Binance

A U.S. district court judge ordered former Binance CEO Changpeng Zhao to hand over his passports and travel documents as he awaits his sentencing in April. In November, Zhao pleaded guilty to violating anti-money laundering laws and stepped down from his role as chief executive of the world’s largest crypto exchange. Zhao has been free […]

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US District Judge Sanctions Binance’s $4.3 Billion Plea Deal

February 24, 2024 Bitcoin.com

Binance

Binance Holdings is set to pay $4.3 billion in fines following the approval of its plea agreement with prosecutors by U.S. District Judge Richard Jones on Friday. Beyond the financial settlement, a third party will oversee Binance’s operations for a duration of five years. Historic $4.3 Billion Binance Settlement Approved by Seattle Judge Binance, the […]

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Former Binance CEO Changpeng Zhao’s Criminal Sentencing Postponed Until April: Report

February 13, 2024 The Daily Hodl

Binance

The founder and former chief executive of Binance, the world’s largest crypto exchange platform, has reportedly had his criminal sentencing postponed until April. According to a new report from CNBC, Changpeng Zhao’s (CZ) sentencing from charges brought forth by the U.S. Department of Justice, which claimed that the executive failed to maintain adequate anti-money laundering protocols, […]

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Binance’s Changpeng Zhao Will Be Going to Jail, Says CFTC Chair Rostin Behnam

December 13, 2023 The Daily Hodl

Binance

The Chair of the Commodities Futures Trading Commission (CFTC) says that former Binance CEO Changpeng Zhao will face prison in relation to recent charges. Speaking in a new CNBC interview, CFTC Chair Rostin Behnam says that he expects Zhao to spend time in prison after pleading guilty to failing to keep adequate anti-money laundering protocols […]

The post Binance’s Changpeng Zhao Will Be Going to Jail, Says CFTC Chair Rostin Behnam appeared first on The Daily Hodl.

CZ

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