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U.S. District Judge halts Binance CEO Changpeng Zhao’s return to UAE, citing risk of non-return before his February sentencing for financial violations. The federal court in Seattle has halted the former Binance CEO Changpeng Zhao’s application to return to the UAE. The decision, which temporarily bars Zhao from leaving the
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Changpeng Zhao’s defense team advocates for combined home detention and community confinement, emphasizing his willingness to take responsibility for Binance’s criminal charges. Following the U.S. Department of Justice’s (DOJ) criminal charges of Binance, and Changpeng Zhao’s guilty plea, Zhao’s defense team opposed the government’s motion for him to remain in the
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Social media platform X — formerly Twitter — restricted the account of former Binance CEO Changpeng “CZ” Zhao without explanation other than suggesting “they may have potentially violated the X Rules.”On Nov. 23, X users could briefly view CZ’s account only after clicking on a button to acknowledge it was
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Binance has named its head of regional markets outside of the United States, Richard Teng, as its new CEO. The change comes as founder and former CEO Changpeng “CZ” Zhao has resigned and pleaded guilty to charges levied against him by the U.S. Department of Justice. Today, I stepped down as
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According to former Alameda Research CEO Caroline Ellison, a single tweet from Binance CEO Changpeng Zhao (CZ) contributed to the failure of cryptocurrency exchange FTX.Testifying in Sam “SBF” Bankman-Fried’s criminal trial on Oct. 12, Ellison reportedly placed part of the blame for the collapse of FTX on CZ’s social media
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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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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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Crypto exchange Binance US and its founder Changpeng Zhao (CZ) are reportedly looking for ways to reduce his stake in the firm, amid harsh scrutiny from United States federal regulators over the past year. The crypto executive — Binance US’ majority owner — has reportedly been trying to reduce his stake
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“The plan and confirmation order contemplate certain transactions and other steps, including making certain distributions to Debtors’ account holders… the parties agree that these transactions may go forward while this appeal is litigated and resolved,” said the document, which is signed by a U.S. Attorney and U.S. Trustee – a
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Ethereum-based So-Col wants to go multichain and support more Layer 1 and Layer 2 blockchains. A web3 social platform called So-Col (Social Collectibles), established by crypto influencer Irene Zhao, revealed $4.5 million in fresh funding across two rounds. The latest round which raised $1.5 million, was single-handedly sponsored by DWF, the web3
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