Former Binance Boss Changpeng Zhao Sentenced to 4 Months in Jail

April 30, 2024 Bitcoin.com

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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Former Binance Boss CZ Apologizes, Accepts Responsibility Ahead of Sentencing

April 24, 2024 Bitcoin.com

AML/CFT compliance

Changpeng 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 […]

Bitcoin Mirroring Exact Scenario That Preceded Run to Record High, Says Kevin Svenson – Here Are His Targets

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

April 24, 2024 Bitcoin.com

AML/CFT compliance

Federal 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 […]

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

February 14, 2024 Bitcoin.com

AML/CFT compliance

A 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 […]

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Binance founder CZ must stay in US until February sentencing, judge orders

December 7, 2023 Coin Telegraph

Binance CEO

Former Binance CEO Changpeng "CZ" Zhao has been ordered to remain in the U.S. while awaiting his sentencing in February.

Binance founder Changpeng "CZ" Zhao must stay in the United States until he is sentenced in Feburary, a federal judge has ruled.

On Dec. 7, Seattle District Court Judge Richard Jones agreed with federal prosecutors that Zhao should stay in the U.S. until his Feb. 23, 2024, sentencing due to his risk of flight if he leaves the country.

"The defendant has enormous wealth and property abroad, and no ties to the United States," Judge Jones wrote.

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The Mysterious FTX Debacle, Tim Draper’s BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review

November 13, 2022 Bitcoin.com

Alameda Research

As theories proliferate wildly about the true nature of what happened to failed crypto exchange FTX, little is yet clear to the crypto community. Former CEO of FTX Sam Bankman-Fried has addressed the issue publicly on social media, mentioning a mysterious “sparring partner.” This week, Bitcoin.com News has also provided an in-depth look at the […]

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FTX Binance Fallout: Bitdao Community Asks Alameda Research to Respond to Token Dump Allegations

November 8, 2022 Bitcoin.com

Alameda Research

After the Bitdao token’s quickfire plunge on Nov. 7, members of the Bitdao community have asked Alameda Research to address rumors the principal trading platform has dumped Bitdao’s BIT tokens. The dump, if confirmed, would be a breach of a swap agreement between the two entities which prohibits the offloading of each other’s tokens before […]

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‘Why Isn’t Anyone Talking About This?’ — Twitter’s Crypto Spam Problem Increases With Legions of CZ Bots, Verified Vitalik Impersonators

September 14, 2022 Bitcoin.com

Anthony Pompliano

Since Tesla’s Elon Musk attempted to purchase Twitter and tried to get information on the number of bots on the social media platform, Twitter bots have infested tens of thousands of posts day after day. In the cryptocurrency industry, bots are very prevalent and any time a popular crypto account posts, the thread is teeming […]

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