Changpeng Zhao

The Latest

  • Binance Founder Changpeng Zhao Sentenced to 4 Months in Prison for Money Laundering Violations
    CZ
    Changpeng Zhao, the billionaire founder of Binance, the world's largest cryptocurrency exchange, has been sentenced to four months in prison after pleading guilty to charges of enabling money laundering at his company. The sentencing, which took place on Tuesday in Seattle federal court, marks a significant development in the ongoing legal battles surrounding the crypto industry.
  • U.S. Prosecutors Seek 36-Month Prison Sentence for Ex-Binance CEO Changpeng Zhao Over Money Laundering Charges
    CZ
    U.S. prosecutors are pushing for a 36-month prison sentence for Changpeng Zhao, the founder and former chief executive of Binance, the world's largest cryptocurrency exchange, following his guilty plea to violating laws against money laundering.
  • Changpeng Zhao's Sentencing Deferred to April as Binance Faces SEC Scrutiny
    CZ
    The legal saga surrounding Binance founder Changpeng "CZ" Zhao has taken a new turn as his sentencing, initially slated for this month, has been postponed to late April. The Seattle federal court announced the rescheduling through a "notice of rescheduled hearing," setting the new date for April 30. Zhao, who is currently on a $175 million bond in the United States, faces charges related to money laundering regulations.
  • Binance Grapples with Regulatory Pressure: Key Executives Depart and Major U.S. Layoffs
    CZ
    As regulatory scrutiny from the United States escalates, cryptocurrency exchange Binance has been hit by a wave of internal turmoil. The company has seen an exodus of key executives, including its general counsel, chief strategy officer, investigations director, and senior vice president in charge of compliance over the last few weeks. Binance also conducted a series of layoffs last week, planning to decrease its U.S. workforce to limit its exposure in the country.
  • Binance CEO Faces Legal Turmoil: Changpeng Zhao Summoned By U.S. District Court Amidst SEC Scrutiny
    BINANCE
    In the latest wave of legal actions sweeping the cryptocurrency industry, Changpeng Zhao, the CEO of Binance, the world's largest cryptocurrency exchange, finds himself in the crosshairs of the U.S. Securities and Exchange Commission (SEC)​. The U.S. District Court recently issued a summons for Zhao over an ongoing SEC action, marking a significant escalation in regulatory scrutiny of Binance.
  • Binance Faces Lawsuit from CFTC Over Alleged Evasion of US Regulations and Unregistered Crypto Derivatives
    CZ
    The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against cryptocurrency exchange Binance and its founder and CEO, Changpeng Zhao, for allegedly offering unregistered crypto derivatives products in the US and knowingly violating federal law.
  • Binance To Launch Crypto Exchange With Gulf Energy Of Thailand
    THAI CRYPTO
    Gulf Energy anticipates considerable expansion in Thailand's digital landscape.
  • CZ
    Zhao was a former McDonald's burger flipper.
  • Binance Singapore Cancels Application For Local Crypto License
    CZ
    Binance.sg will cease operations and close on Feb. 13.