The founder of Binance, Changpeng Zhao, has been given a prison sentence of four months, as reported by Bloomberg on the 30th of April.
This is a significantly shorter term than the three-year imprisonment that prosecutors had proposed, which was over twice the suggested penalty for the related offenses. An article from Fortune also mentioned that Zhao will have to pay a personal fine of $50 million.
Despite this substantial fine, Zhao will still retain the vast majority of his estimated $43 billion fortune, making him the wealthiest inmate in the US penal system.
#Binance #CZ
This is a significantly shorter term than the three-year imprisonment that prosecutors had proposed, which was over twice the suggested penalty for the related offenses. An article from Fortune also mentioned that Zhao will have to pay a personal fine of $50 million.
Despite this substantial fine, Zhao will still retain the vast majority of his estimated $43 billion fortune, making him the wealthiest inmate in the US penal system.
#Binance #CZ
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Binance settlement agreement compliance
Binance has been ordered to comply with the terms of a settlement agreement for three years, with the US Department of Justice appointing Forensic Risk Alliance as a monitor to ensure the exchange's compliance.
#Binance #Cryptocurrency #Regulation #Compliance #ForensicRiskAlliance
Binance has been ordered to comply with the terms of a settlement agreement for three years, with the US Department of Justice appointing Forensic Risk Alliance as a monitor to ensure the exchange's compliance.
#Binance #Cryptocurrency #Regulation #Compliance #ForensicRiskAlliance
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#binance
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As the regulator assures, Binance misled Nigerians by offering them to make illegal naira transactions without commission via P2P.
And the exchange is also accused of illegally converting naira into US dollars.
#Binance
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🔥Crypto News - Crypto World
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So during the hacker attack $235 million was stolen - according to the statement of the CEO of the exchange in the court of Singapore, it is about half of the assets of WazirX.
Binance claims top management is trying to shift responsibility and mislead customers about the relationship between the companies.
#Binance #WazirX
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X (formerly Twitter)
Lookonchain (@lookonchain) on X
It seems that Galaxy Digital is selling $ETH and buying $SOL!
In the past 2 weeks, Galaxy Digital deposited 65,600 $ETH($105.48M) to #Binance and withdrew 752,240 $SOL($98.37M) from #Binance.
https://t.co/lD8tgkC4Py
In the past 2 weeks, Galaxy Digital deposited 65,600 $ETH($105.48M) to #Binance and withdrew 752,240 $SOL($98.37M) from #Binance.
https://t.co/lD8tgkC4Py
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