Binance CEO CZ Responds to ‘Disappointing’ Lawsuit From US CFTC

Mar 28, 2023 · CZ’s statement addresses certain allegations in the federal lawsuit against Binance, himself and former Chief Compliance Officer Samuel Lim from the U.S. commodities regulator, which is requesting a jury trial and seeking monetary penalties, permanent trading …

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Former Binance CEO CZ Begins 4-Month Prison Sentence In …

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Jun 3, 2024 · Binance, which pleaded guilty to money laundering and sanctions violations at the same time as Zhao, settled the charges earlier this year with $4.3 billion in fines to various …

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Crypto Giant Binance, CEO Hit With US Charges For Breaking …

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Mar 28, 2023 · Bitcoin plunged after the news, dropping to US$26,525. It was trading at US$27,078, down 3.2 per cent at 8.40am. Read more at straitstimes.com.

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Binance Founder CZ To Step Down, Faces Charges In $4.3B …

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Nov 21, 2023 · Binance Holdings and its CEO Changpeng Zhao (CZ) have agreed to plead guilty to criminal and civil charges in a $4.3 billion settlement with the...

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FAQs about Binance CEO CZ Responds to ‘Disappointing’ Lawsuit From US CFTC Coupon?

Are Binance and its boss CZ being sued by US regulators?

Binance and its boss CZ are being sued by US regulators. Here are 7 staggering allegations from the CFTC's lawsuit. The CFTC sued Binance and its boss Changpeng "CZ" Zhao Monday. The Commodities Futures and Trading Commission sued Binance on Monday. ...

Is Binance CEO Changpeng Zhao a holding company?

According to former Binance employees and investors, CEO Changpeng Zhao has a firm grip on the company and functions as a holding company at Binance. This contradicts the core tenets of the decentralized finance movement. Insider recommends starting your day with Morning Brew, a daily newsletter. ...

Is Binance CEO CZ in control of his crypto Empire?

7. CZ is so in control that he signs off on $60 furniture expenses. The CFTC said that Binance CEO CZ has total control over his crypto empire – and that extends from not answering to a board of directors to approving budgetary decisions surrounding office furniture. ...

Who is the current CEO of Binance.US?

Currently, Brian Shroder is the CEO of Binance.US. He took over from Catherine Coley, who was named CEO when Binance.US launched in 2019 and abruptly left last year. Shroder called the leadership changes ‘a natural transition’ for a growing startup ‘where something was created from scratch.’ ...

Why is Binance suing CFTC?

Binance and Zhao, who is also its chief executive officer, were sued by the US Commodity Futures Trading Commission (CFTC) for operating what the regulator alleged were an “illegal” exchange and a “sham” compliance programme. The regulator’s lawsuit comes amid a broader and increasingly high-profile crackdown on crypto companies. ...

Does Binance serve US based customers?

Though Binance is supposed to not serve US-based customers (except through the separate and independent firm Binance US), the CFTC alleges that its presence within the country has gradually expanded over time – particularly to commercially important institutional “VIP” customers. ...