Tag "Binance"

Judge Accepts Guilty Plea from Binance’s Former CEO Changpeng Zhao

Seattle’s U.S. District Court Judge Richard Jones has accepted a guilty plea for money laundering from crypto exchange Binance’s former CEO Changpeng Zhao (CZ). The sentencing for CZ is scheduled for 23 February 2024 where he could face up to

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Binance CEO Teng to Ensure Top Exec Team Remains Intact Amidst Regulatory Scrutiny

Richard Teng, the newly appointed CEO of crypto exchange Binance, emphasised the importance of maintaining the existing core team at the cryptocurrency exchange, in a recent interview with Bloomberg TV. Teng reiterated Binance’s aim to invest heavily in its compliance

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CZ Steps Down as Chairman of Binance.US

Crypto exchange Binance’s founder and former CEO Changpeng Zhao (CZ) is stepping down from his role as Chairman of the Board of Directors at Binance.US. Zhao will retain an economic interest in the company but will no longer participate in

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Richard Teng Pledges Compliance Reform as Binance’s New CEO

Changpeng Zhao (CZ), the founder and former CEO of Binance, currently faces restrictions on leaving the United States, according to a recent report by CoinDesk. This development follows a federal judge’s decision to temporarily suspend part of his bond release,

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Richard Teng Named Binance CEO Amidst CZ’s Criminal Charges, US$4.3B Fine

Richard Teng has been appointed CEO of crypto exchange Binance, following the resignation of Changpeng Zhao (CZ) who pleaded guilty to criminal charges for anti-money laundering and violations of U.S. sanctions. Teng, previously serving as the Global Head of Regional

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SEC Files Emergency Motion to Freeze Binance’s U.S. Assets

The U.S. Securities and Exchange Commission has filed an emergency action application seeking a temporary restraining order to freeze the U.S. assets of cryptocurrency exchange Binance. The SEC said that it wants to ensure that Binance.US customers’ assets are protected

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U.S. SEC Files 13 Charges Against Binance and Changpeng Zhao for ‘Web of Deception’

The U.S. Securities and Exchange Commission has charged crypto exchange Binance and its founder Changpeng Zhao with a variety of securities law violations. The regulator alleged that while Zhao and Binance publicly claimed that U.S. customers were restricted from transacting

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Binance Taps Richard Teng to Head Its Regional Markets Outside U.S.

Global cryptocurrency exchange Binance has appointed Richard Teng to head its regional markets outside the United States. Teng revealed the news on LinkedIn and will begin his new role on Monday. This announcement comes on the heels of the increasing

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Binance Buys Majority Stake in Indonesia’s Tokocrypto, Lays off 58% Of Workforce

Global cryptocurrency exchange Binance announced that it has become the majority shareholder in Indonesia’s crypto assets digital exchange Tokocrypto. Details of the transaction was not disclosed. Tokocrypto is the first crypto exchange in Indonesia to be registered under the Trade

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MAS Explains Why Binance Was Pinned on Investor Alert List but Not FTX

The Monetary Authority of Singapore (MAS) did not place the now-collapsed crypto exchange FTX on its Investor Alert List as it had no evidence that the latter was soliciting Singapore users specifically. In a statement addressing some questions and misconceptions

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