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Binance.US’ holding company, known as BAM, has provided “only approximately 220 documents ... many that consist of unintelligible screenshots and documents without dates or signatures,” the SEC said, of the process of evidence-gathering known as discovery. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance CEO Changpeng Zhao recently addressed various pertinent questions about the leading Bitcoin (BTC) trading venue and its future amid ongoing regulatory challenges. Zhao, known within the crypto sector as “CZ,” provided insight on the exchange’s current
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Crypto exchange Binance and its CEO Changpeng "CZ" Zhao are planning to file a motion to dismiss a March-filed lawsuit from the United States commodities regulator.In a July 24 filing to an Illinois District Court, multiple Binance entities, Zhao and former chief compliance officer Samuel Lim said they plan to
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“More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the “news” are completely wrong,” CZ tweeted. “As markets and the global environment for crypto changes, as our organization evolves, and as personal situations change, there is turnover at every company.” Source
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Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie are among those that have resigned, a source familiar with the matter told Fortune. In addition, Binance’s Global Vice President of Marketing and Communications Steve Milton left the company in June, according
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Binance CEO Changpeng Zhao has delivered his prediction for the next Bitcoin (BTC) bull market.Speaking in a July 5, “ask me anything” session on Twitter, CZ explained how the price of Bitcoin has historically moved in four-year bull cycles. https://t.co/OENe6Ul4ag— Binance (@binance) July 5, 2023 While he admitted that he can’t
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Binance CEO Changpeng “CZ” Zhao has refuted accusations that Binance has been secretly selling Bitcoin (BTC) to artificially stabilize the price of its native token Binance Coin (BNB).The rumors have come from several market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, who have accused Binance of intentionally manipulating
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The United States Securities and Exchange Commission (SEC) is seeking ‘alternative service’ from the U.S. District Court in Washington, D.C., to issue a legal summons to Changpeng Zhao, the CEO of cryptocurrency exchange Binance.Zhao and Binance were recently sued by the SEC over alleged unregistered securities operations. Related: SEC sues Coinbase
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The filing by the SEC cites Binance’s operations in Malta with CZ noting that he won’t have to appear in person. As per the lawsuit filed by the US Securities and Exchange Commission (SEC), Binance chief Changpeng Zhao has been summoned to Malta. The SEC has accused the exchange of
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SEC says billions in customer funds were directed to Zhao’s firm Merit Peak via a holding company called Key Vision Development Limited. Source
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