Tag "Binance"
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,
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
The FTX Collapse: Sam Bankman-Fried’s Dramatic Fall From Grace
In a dramatic turn of events, FTX filed for bankruptcy protection in the United States, with CEO and founder Sam Bankman-Fried resigning from his role. This was after Binance pulled the plug on its acquisition of FTX in a remarkable
Read More
Binance CEO Warns of “Cascading Effects” of FTX at Indonesia’s Fintech Summit
The fall of FTX last week will have “cascading effects” on the broader cryptocurrency industry with more companies possibly going belly up in the coming weeks, Changpeng Zhao (CZ), CEO and co-founder of Binance, warned during a recent industry event
Read More
Binance to Set Up Industry Recovery Fund Following FTX’s Collapse, Says CZ
Cryptocurrency exchange giant Binance’s Chief Executive Officer Changpeng ‘CZ’ Zhao announced plans for an industry recovery fund amidst FTX’s staggering collapse in recent weeks. CZ also called upon other like-minded industry players with resources to co-invest in the fund to
Read More