Behind bars: 6 crypto execs who did time and one who got away…
These crypto leaders had it all, but that couldn’t stop them from going to jail. Go to Source
Changpeng Zhao
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Changpeng Zhao moved to custody of field office ahead of Sept release
As of Aug. 22, the US Federal Bureau of Prisons listed the former Binance CEO as an inmate of the Residential Reentry Management Long Beach field office. Go to Source
CZ and Binance face new lawsuit for alleged laundering of stolen crypto
One legal expert says if the class action lawsuit progresses, it could put the “efficacy of blockchain analytics itself” on trial. Go to Source
SEC’s Case Against Binance Moves Forward With Major Allegations Intact
The U.S. District Court for the District of Columbia has issued an order in the SEC’s case against Binance and its founder Changpeng Zhao. The court allowed most claims to proceed, including those related to unregistered crypto sales and fraudulent practices, while dismissing some claims related to BUSD and secondary BNB sales. Some Charges Against … Read more
North Dakota latest US state to revoke Binance.US license
North Dakota’s Department of Financial Institutions Commissioner pointed to Binance’s money transmitter and AML convictions to make its case. Go to Source
Multiple US States Have Revoked Binance US Crypto Licenses
Multiple U.S. states have revoked or declined to renew Binance US money transmitter licenses due to compliance issues and legal troubles involving former CEO Changpeng Zhao (CZ). “North Dakota joins Alaska, Florida, Maine, North Carolina, and Oregon who have taken similar actions to revoke or deny the renewal of BAM Trading Services’ Money Transmission License,” … Read more
Former Binance CEO ‘CZ’ owns 64% of BNB circulating supply — Report
Forbes estimates Zhao’s net worth at a staggering $61 billion—ranking the former CEO as the world’s 24th richest person. Go to Source
Binance reaches 200M users with $100B in assets under custody
The 200 million user mark represents over a third of all cryptocurrency holders worldwide. Go to Source
Ex-Binance CEO Changpeng Zhao Begins 4-Month Prison Term in California
Several reports have indicated that the ex-CEO and founder of Binance, Changpeng Zhao (CZ), has commenced his four-month term at a low-security federal facility in Lompoc, California. CZ Enters Low-Security Facility After Pleading Guilty to Money Laundering Charges Ex-Binance boss Changpeng Zhao (CZ) is now beginning his prison sentence after admitting guilt to charges related … Read more
Crypto community backs CZ amid prison term
Once he completes his four-month sentence at Lompoc prison, Zhao plans to resume his involvement in cryptocurrency. Go to Source
