binance
The founder of the cryptocurrency exchange Binance, Changpeng Zhao, was sentenced on Tuesday to four months in federal prison after he and Binance admitted to money laundering charges in a deal reached with prosecutors. The guilty plea resulted in fines of around $4.3 billion for Binance and $50 million for Zhao, which is unlikely to put a dent in his budget as he was ranked 42nd in the Bloomberg financial service's list of billionaires on Wednesday, with an estimated fortune of just over $36 billion. It mainly consists of his stake in Binance Zhao is likely to become the richest inmate in a U...
DPA Breaking News
The founder of the cryptocurrency exchange Binance, Changpeng Zhao, was sentenced on Tuesday to four months in federal prison after he and Binance admitted to money laundering charges in a deal reached with prosecutors. The guilty plea resulted in fines of around $4.3 billion for Binance and $50 million for Zhao, which is unlikely to put a dent in his budget as he was ranked 42nd in the Bloomberg financial service's list of billionaires on Wednesday, with an estimated fortune of just over $36 billion. It mainly consists of his stake in Binance Zhao is likely to become the richest inmate in a U...
DPA Breaking News
Der Gründer der Kryptowährungsbörse Binance, Changpeng Zhao, ist in den USA zu einer mehrmonatigen Haftstrafe verurteilt worden. Ein Richter in Seattle setzte das Strafmaß für den 47-jährigen am Dienstag auf vier Monate fest, wie US-Medien aus dem Gerichtssaal berichteten. Zhao und Binance hatten im November Verstöße gegen Geldwäsche-Gesetze zugegeben. Er gab alle Posten bei der Krypto-Börse auf. Die Anklage hatte für Zhao drei Jahre Gefängnis gefordert, während die Verteidiger für eine Bewährungsstrafe plädierten. Zhao dürfte der reichste Insasse in einem US-Gefängnis werden: In der Milliardä...
DPA (German)
San Francisco (AFP) - The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed. Changpeng Zhao, a Canadian, resigned from his post at the world's largest cryptocurrency exchange platform late last year as part of a deal with US authorities. According to investigations by two Treasury agencies, Binance failed to prevent transactions by movements such as the Islamic State group, al-Qaeda or the armed wing of Hamas. Zhao pleaded guilty t...
AFP
Former Binance CEO Changpeng “CZ” Zhao has been sentenced to four months in prison for money laundering violations. The sentencing comes after Zhao pleaded guilty last November to failing to establish a proper anti-money laundering program at Binance, the largest cryptocurrency exchange by trading volume. Zhao’s downfall and legal battle with DOJChangpeng Zhao, who founded Binance in 2017, led the company to become a dominant force in the crypto industry. However, his tenure was marred by controversy as U.S. Justice Department officials accused him of prioritizing growth over compliance with U...
Invezz
MilkyWay, the liquid staking hub for Celestia’s modular ecosystem, has received backing from top crypto and blockchain venture capital firms Polychain Capital and Binance Labs. MilkyWay secures $5 million from investorsAn announcement published on Tuesday revealed that Polychain and Binance Labs led MilkyWay’s $5 million seed round raise. The investment round also attracted the participation of Web3 venture capital firm Hack VC, founder-first fund for early-stage projects Crypto.com Capital and Web3 venture fund & accelerator LongHash Ventures. The round also attracted various angel investors,...
Invezz
Prosecutors in the United States on Tuesday are asking a judge to hand Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, a three-year prison sentence for allowing rampant money laundering on the platform. Zhao pleaded guilty and stepped down as Binance CEO in November as the company agreed to pay $4.3 billion (€4 million) to settle related allegations. US officials said Zhao deliberately looked the other way as illicit actors conducted transactions that supported child sex abuse, the illegal drug trade, and terrorism. Binance CEO 'CZ' Changpeng Zhao steps dow...
Euronews (English)
By Glenn CHAPMAN San Francisco (AFP) - L'ancien patron de la plateforme de cryptomonnaies Binance, Changpeng Zhao, terminera-t-il derrière les barreaux? C'est en tout cas ce qu'espèrent des procureurs américains qui ont demandé une peine de prison pour blanchiment d'argent à son encontre, alors que le jugement est attendu mardi. Citoyen canadien, M. Zhao avait annoncé en fin d'année dernière quitter son poste à la tête de Binance, décision qui était avant tout la conséquence d'un accord signé avec les autorités américaines. Selon l'enquête réalisée par deux agences dépendant du département du ...
AFP (Français)
Washington (AFP) - Binance chief executive Changpeng Zhao pleaded guilty Tuesday to US money laundering violations, in a deal that will see the cryptocurrency exchange he founded pay over $4 billion in penalties. "Binance became the world's largest cryptocurrency exchange in part because of the crimes it committed –- now it is paying one of the largest corporate penalties in US history," Attorney General Merrick Garland said in a statement. Binance's guilty plea is part of coordinated action including with the Treasury Department's Financial Crimes Enforcement Network and Office of Foreign Ass...
AFP
The crypto world is buzzing with news – the latest stories highlight just how far cryptocurrencies have come since the mysterious release in 2009 as a juvenile open software. Fast forward to 2023, and the scale and expansion of crypto is immense. Now, applications spread far and wide in decentralized and centralized systems – so what does this mean for the future of cryptocurrency? Below, we’ll look at the expansion of the crypto world, the current top stories, and what the future holds for investors and the applications cryptocurrency has. The Rapid Expansion Of Decentralized CurrenciesOne st...
ValueWalk
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