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This Is How Much Binance and CZ Will Actually Have to Pay to Settle With the CFTC

Major crypto exchange Binance will pay $2.7 billion in disgorgement and penalty to the Commodity Futures Trading Commission (CFTC), thereby concluding the regulator’s enforcement action against the company. Binance founder…

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Arthur Hayes Speaks Out Against American Authorities’ Treatment of Changpeng Zhao

Arthur Hayes, the founder of the BitMEX crypto exchange network, issued a statement expressing his perspective on the unfair treatment of Changpeng Zhao (CZ), the co-founder and former CEO of…

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Judge Suspends Decision Allowing Changpeng Zhao to Leave the US Ahead of Sentencing

A United States district judge issued an order temporarily preventing former Binance CEO Changpeng Zhao from returning to the United Arab Emirates (UAE) before his sentencing in February 2024. Zhao…

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Where’s the Bitcoin Withdrawn From Binance Going Following the DOJ Saga?

The largest cryptocurrency exchange – Binance – experienced an increase in the withdrawal of funds shortly after its chief executive, CZ, pled guilty to criminal charges. Although the mass exodus…

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Spot Bitcoin ETF Hopes Rise Amidst Binance Trouble and CZ’s Plea Deal: Report

Binance’s founder and former CEO, Changpeng “CZ” Zhao, pleaded guilty to violating the Bank Secrecy Act. The charges against Binance include money laundering violations, conspiracy to engage in an unlicensed…

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