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SEC Intensifies Probe into Binance US Amid DOJ Charges Against Changpeng Zhao

The race for evidence in the SEC’s hunt for potential fraud at Binance US has kicked into high gear following the Department of Justice’s bombshell

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SEC investigates if #Binance's founder, #CZ, still controls funds after DOJ charges.

#Coinbase's stock surges amid Binance's legal troubles. New Binance CEO prioritizes #regulatory compliance.
https://coinpedia.org/news/u-s-sec-found-czs-backdoor-access-to-users-fund/

U.S. SEC Found CZ's 'Backdoor' Access to Users Fund

The U.S. Securities and Exchange Commission (SEC) is looking into whether Binance founder CZ still has control over user funds on Binance US. This

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#Binance's former CEO #CZ declares "alt season," challenging CNBC's Cramer, who criticizes #altcoins over #Bitcoin.

Altcoins struggle as Bitcoin rises; CZ's prediction hints at potential altcoin resurgence, contrary to Cramer's outlook.
https://coinpedia.org/news/cryptocurrency-market-poised-for-altcoin-revival-as-cz-counters-cramers-cautious-stance/

Is Altseason Here? CZ Challenges Jim Cramer's Caution Against Altcoins

Here's a fresh new development for you to catch up on! Changpeng Zhao, the former CEO of Binance, popularly known as CZ, has kicked off talk about an "alt

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#Binance founder #CZ resigns after admitting Bank Secrecy Act violation, facing $50 million penalty.

Plea accepted by federal judge; CZ may return to UAE, but stay conditions pending sentencing #Crypto
https://coinpedia.org/news/can-binance-ex-ceo-changpeng-zhao-return-to-uae-judges-verdict-awaited-post-guilty-plea/

Can Binance Ex-CEO Changpeng Zhao Return to UAE? Judge's Verdict Awaited Post-Guilty Plea

Changpeng "CZ" Zhao, founder and former CEO of Binance, resigned from his position following his guilty plea to three felony counts in a Seattle Federal

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#Binance, led by CEO Richard Teng after #CZ's departure, faces critical #regulatory challenges and scrutiny.

Teng's response to #DOJ, #FinCEN, and #CFTC investigations will redefine Binance's global standing
https://coinpedia.org/news/will-binance-exchange-find-balance-under-richard-tengs-leadership/

Will Binance Exchange Find Balance Under Richard Teng's Leadership?

In the ever-turbulent world of cryptocurrency, Binance, a giant in the industry, faces a critical juncture. With Richard Teng as the CEO, following

83 viewsedited 06:05

US Judge orders #Binance founder #CZ to stay in the US for six additional months. #Crypto

Ruling based on flight risk concerns and ongoing legal battles in the #financial world
https://coinpedia.org/news/binance-founder-cz-faces-extended-us-stay-amid-legal-challenges-a-deep-dive-into-the-case/

Binance Founder CZ Deemed as 'Flight Risk'; Faces Extended US Stay

In a landmark decision by US District Judge Richard Jones, Changpeng Zhao (CZ), the founder of the cryptocurrency exchange Binance, is mandated to prolong

82 views05:46

#Binance settled with the DOJ, addressing DC's concerns, leading to CEO #CZ stepping down.

Tether faces ongoing negativity due to audit & reserve issues despite recent efforts.DC remains cautious, emphasizing KYC & AML practices post-Binance settlement.
https://coinpedia.org/news/tether-and-binance-in-the-spotlight-a-deep-dive-into-cryptos-regulatory-challenges/

Tether and Binance in the Spotlight: A Deep Dive into Crypto's Regulatory Challenges

In a recent interview with Tony of Thinking Crypto, Ron Hammond from the Blockchain Association shed light on the evolving dynamics between Binance,

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#Binance and former CEO #CZ settle for $2.7 billion, addressing alleged CEA(Commodity Exchange Act ) and CFTC violations.

Settlement emphasizes strict KYC policies and corporate governance, signaling heightened regulatory scrutiny in #crypto.
https://coinpedia.org/news/binance-and-former-ceo-changpeng-zhao-reach-historic-2-7-billion-settlement-with-cftc/

Binance and Former CEO Changpeng Zhao Reach Historic $2.7 Billion Settlement with CFTC

Cryptocurrency exchange Binance and its former CEO, Changpeng 'CZ' Zhao, have finalized a $2.7 billion settlement with the Commodity Futures Trading

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In 2023, #Bitcoin owners, including Changpeng Zhao and Brian Armstrong, saw substantial wealth growth amid legal challenges.

Despite legal issues, #CZ's wealth surged to $37 billion, while #Coinbase's Armstrong gained $5.8 billion.
https://coinpedia.org/news/crypto-blockchain-tycoons-wealth-skyrockets-unveiling-crypto-profits-in-2023/

Crypto & Blockchain Tycoons' Wealth Skyrockets: Unveiling Crypto Profits in 2023

As per the Bloomberg report, In 2023, several Bitcoin owners saw a significant increase in their wealth despite facing legal challenges. This year has

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#CZ's wealth soars to $37.2 billion in 2023, but legal troubles force resignation from #Binance.

US authorities label CZ a flight risk due to UAE travel, while his defense emphasizes cooperation. #Crypto
https://coinpedia.org/news/binance-ex-ceo-changpeng-zhao-cz-requests-travel-permission-on-family-medical-condition/

Binance Ex-CEO Changpeng Zhao Files Appeal to Travel for Family's Medical Emergency

In the crypto world, few figures stand as prominently as Changpeng ‘CZ’ Zhao, the driving force behind Binance. His swift climb from relative obscurity to

95 views10:56

Crucial Dates in the #Crypto in the First Quarter of 2024

1️⃣12 February 2024 - #Ripple Remedies:

— SEC brief on potential Section 5 violation remedies by 13 March 2024.
— Ripple's opposition due by 12 April 2024; SEC's final response by 29 April 2024.

2️⃣ 15 February 2024 - Do Kwon's Detention Ends:

—High Court in Montenegro extends Do Kwon's detention; set to end on 15 February 2024.

3️⃣ 23 February 2024 - #CZ's Sentencing:

—CZ pleads guilty to Bank Secrecy Act violation; sentencing on 23 February 2024.

4️⃣#Coinbase dismisses SEC claims on 17 Jan 2024

Important Dates for Transcript Process:

—Redaction requests due by February 12, 2024.
—Deadline for redacted transcript: February 22, 2024.
—Restriction on transcript release lifted on April 22, 2024.

5️⃣28 March 2024 - #SBF's Sentencing:

—SBF's motion to delay sentencing to May 2024 denied; Q1 sentencing remains on 28 March 2024.

6️⃣ Fourth #BitcoinHalving Expected Date:

—Anticipated on 23 Apr 2024 at 00:16:06 UTC.

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#CZ's sentencing for money laundering charges delayed by two months, leaving legal proceedings uncertain. #CryptoNews

#Binance faces $4.3 billion penalties and lawsuits, defending against SEC charges while CZ's legal battles persist.
https://coinpedia.org/news/binance-founder-changpeng-zhaos-criminal-sentencing-delayed-to-late-april/

Binance Founder Changpeng Zhao’s Criminal Sentencing Delayed to Late April

Changpeng Zhao (CZ), the former CEO of Binance, is facing extended legal troubles after stepping down and admitting guilt to U.S. anti-money laundering

116 views06:39

Top #CryptoNews In Last 12 Hours

1️⃣ Franklin Templeton applies for #EtherETF, considering staking for additional income. Competition includes #BlackRock, #Fidelity, and others.

2️⃣ $BTC price hits $50.3K, boosting #MicroStrategy stock by 11%. #Bitcoinmining stocks, like RIOT, also surge. mining difficulty at all-time high.

3️⃣ #Binance's ex-CEO #CZ's sentencing postponed to April 30; faces potential 18-month prison term over money laundering.

4️⃣Founders Fund, led by Peter Thiel, invests $200 million in #Bitcoin and #Ethereum, signaling renewed confidence in #Cryptomarket

5️⃣ #Coinbase's CLO Paul Grewal criticizes SEC for mishandling DEBT Box case, citing lack of transparency and accountability.

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Top #CryptoNews This Week

1️⃣ In January, the US unadjusted #CPI annual rate reached 3.1%, slightly exceeding expectations but lower than previous.

2️⃣ On Feb 15th, #Bitcoin surpassed $52,400, achieving a market cap exceeding $1 trillion, reaching 2021 levels.

3️⃣ #Binance faces $4.3 billion fine for breaching US economic sanctions laws, money laundering.

4️⃣ Senator Elizabeth Warren celebrated Bitcoin's 15th anniversary by honoring Satoshi Nakamoto. she signed a certificate to honor #Bitcoin creator.

5️⃣ #MicroStrategy's Bitcoin holdings surpassed $10B, with profits exceeding $4 billion, as Bitcoin approached $53,000.

6️⃣ Franklin Templeton applied to SEC for a spot #Ether #ETF, joining firms like #BlackRock and #Fidelity.

7️⃣ Court approved #Genesis's sale of $1.3B worth of #GBTC shares to compensate clients who borrowed digital assets.

8️⃣ Seattle Federal Court postpones Binance founder #CZ's sentencing on money laundering charges to April 30th, reasons undisclosed.

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#CZ, ex-CEO of #Binance, admits guilt to U.S. anti-money laundering violations, facing DOJ legal battle. #cryptonews

DOJ seeks control over access to sensitive court documents amidst CZ's sentencing postponement.
https://coinpedia.org/news/doj-attorneys-seek-protective-order-in-changpeng-zhao-cz-lawsuit-due-to-sensitive-information/

US Prosecutors Clamp Down on Sensitive Info in Changpeng Zhao (CZ) Binance Lawsuit

In the latest twist in the legal saga of Changpeng Zhao (CZ), the ex-CEO of Binance, things are getting more complicated. CZ, who stepped down after

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#Binance accepts $4.3 billion plea deal, admitting past violations, lack of anti-money laundering measures.

Former CEO #CZ awaits sentencing for Bank Secrecy Act violation, facing potential 18-month prison term. #cryptonews
https://coinpedia.org/news/binance-agrees-to-pay-4-3-billion-plea-deal-takes-responsibility-for-past-violations-what-now-for-cz/

Binance Agrees to Pay $4.3 Billion Plea Deal, Takes Responsibility for Past Violations, What Now For CZ?

Binance Holdings Ltd., the world's largest cryptocurrency exchange, has secured a judge's approval for a historic $4.3 billion plea deal with the United

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U.S. prosecutors seek tighter bond conditions for #Binance founder #CZ ahead of April sentencing. #cryptonews

Proposed measures include surrendering passport, advance notice of travel, and residence restrictions to ensure compliance.
https://coinpedia.org/news/changpeng-zhaos-pre-sentencing-restrictions-a-prelude-to-aprils-verdict/

Changpeng Zhao’s Pre-Sentencing Restrictions: A Prelude to April’s Verdict

In a recent court filing, U.S. prosecutors have requested a tightening of the bond conditions for billionaire Changpeng Zhao aka CZ, the founder of

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U.S. court imposes new bail conditions on #Binance's #CZ, including surrendering passport and travel notification.

CZ pleads guilty to anti-money laundering violations, faces potential 18-month prison sentence. #Crypto
https://coinpedia.org/news/binance-founder-cz-ordered-to-surrender-passport-by-u-s-judge/

Binance Founder CZ Faces Bail Restrictions, Ordered to Surrender Passport

The hammer is falling on Binance's founder. Changpeng Zhao, or CZ as he's known, faces a tightening grip from the U.S. court. New bail conditions restrict

114 views10:24

SEC vs #Binance: Legal battle concluding, extensive document exchanges revealing operational insights. #CryptoNews

Binance cooperates with SEC, promises further information, founder #CZ engages, SEC scrutinizes documents carefully.
https://coinpedia.org/news/the-final-showdown-binance-vs-sec-legal-battle-nearing-conclusion/

The Final Showdown: Binance vs. SEC Nearing Conclusion?

In the high-stakes legal showdown between the U.S. Securities and Exchange Commission (SEC) and cryptocurrency giant Binance, the endgame draws near. This

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#Binance faces scrutiny over market manipulation allegations, leadership changes, #legal issues, and transparency concerns. #Crypto

Post #CZ departure, #Binance confronts controversies including inconsistent actions, whistleblower retaliation, and transparency doubts.
https://coinpedia.org/news/heres-whats-happening-with-binance-exchange-after-changpeng-zhao-left/