WSJ: CZ plans to step down and plead guilty to violating criminal U.S. anti-money-laundering requirements. Binance will also plead guilty to a criminal charge and agree to pay fines totaling $4.3 billion. CZ is scheduled to appear in Seattle federal court Tuesday afternoon and enter his plea.
https://www.wsj.com/finance/currencies/binance-ceo-changpeng-zhao-step-down-plead-guilty-01f72a40
https://www.wsj.com/finance/currencies/binance-ceo-changpeng-zhao-step-down-plead-guilty-01f72a40
WSJ
Binance Founder Changpeng Zhao Steps Down, Pleads Guilty
The largest global crypto exchange will admit wrongdoing and agree to pay $4.3 billion in fines.
BREAKING: #Binance Founder CZ AGREES to resign as CEO, pleads guilty β WSJ
Binance Will Support the Qtum (QTUM) Network Upgrade & Hard Fork
https://www.binance.com/en/support/announcement/0ff11ab01538456cb1bc1bed99c84bc4
https://www.binance.com/en/support/announcement/0ff11ab01538456cb1bc1bed99c84bc4
Let's not forget that Arthur Hayes left his CEO role in Bitmex (pioneer of crypto futures trading) thanks to U.S. authorities in October 2020
Right before #Bitcoin went from $10,000 to $65,000 in 6 months
Right before #Bitcoin went from $10,000 to $65,000 in 6 months
πΉSri Lanka: $3.5 billion in foreign reserves.
πΉJamaica: $4 billion in foreign reserves.
πΉPakistan: $7 billion in foreign reserves.
πΉBinance settlement: $4.3 billion, marking the largest settlement in U.S. history.
#CZ&US
πΉJamaica: $4 billion in foreign reserves.
πΉPakistan: $7 billion in foreign reserves.
πΉBinance settlement: $4.3 billion, marking the largest settlement in U.S. history.
#CZ&US
β’ π¦π° Binance Settlement:
β’ Binance pays $4.3B in U.S. criminal case settlement.
β’ Changpeng βCZβ Zhao resigns, Richard Teng becomes CEO.
β’ π€π Genesis Sues Gemini:
β’ Genesis seeks to recover $689M from Gemini.
β’ Legal battle follows FTX collapse.
β’ πΉπ Bitcoin and BNB Recovery:
β’ Values of Bitcoin and BNB rise, boosting spot-ETF approval odds.
β’ ππͺοΈ Crypto Futures Liquidation:
β’ Over $200M in crypto futures liquidated as Bitcoin falls under $36K.
β’ Market faces significant volatility.
β’ π§ π€ Sam Altman at OpenAI:
β’ Sam Altman returns as CEO of OpenAI.
β’ Continues partnership with Microsoft.
β’ Binance pays $4.3B in U.S. criminal case settlement.
β’ Changpeng βCZβ Zhao resigns, Richard Teng becomes CEO.
β’ π€π Genesis Sues Gemini:
β’ Genesis seeks to recover $689M from Gemini.
β’ Legal battle follows FTX collapse.
β’ πΉπ Bitcoin and BNB Recovery:
β’ Values of Bitcoin and BNB rise, boosting spot-ETF approval odds.
β’ ππͺοΈ Crypto Futures Liquidation:
β’ Over $200M in crypto futures liquidated as Bitcoin falls under $36K.
β’ Market faces significant volatility.
β’ π§ π€ Sam Altman at OpenAI:
β’ Sam Altman returns as CEO of OpenAI.
β’ Continues partnership with Microsoft.