Binance

Binance Founder’s Travel Request Denied Again by U.S. Judge After Guilty Plea and $175M Bond Release

January 1, 2024 1 min read

Binance founder Changpeng Zhao, also known as CZ, has been denied permission to travel abroad for the second time by a federal judge in the United States. This decision follows Zhao’s guilty plea and release on a $175 million personal recognizance bond. The judge raised concerns about Zhao’s flight risk, highlighting the former Binance CEO’s ongoing legal challenges. Judge Richard Jones has once again denied Changpeng Zhao’s request to travel

India to ban 9 cryptocurrency exchanges URLs

December 29, 2023 1 min read

Binance, Kucoin, Huobi, Kraken, Gate, Bittrex, Bitstamp, MEXC, and Bitfinex are among nine prominent crypto exchanges that have received a warning from Indian regulatory authorities. The Financial Intelligence Unit India (FIU IND) has expressed concern about the failure of these exchanges to comply with registration regulations and regional legal requirements. The FIU IND, which is in charge of monitoring virtual digital asset activities, has issued compliance Show Cause Notices to

Binance’s market share falls amid U.S. legal issues but shows signs of recovery after paying a $4.3 billion fine

December 26, 2023 1 min read

Binance, the world’s largest crypto exchange, saw its market share decline this year due to legal issues in the United States. The US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) stepped up their investigations into Binance, accusing the platform of a variety of violations, including transferring US customers to its global platform and engaging in wash trading. The legal issues, combined with the recent collapse

Binance Celebrates the Holiday Season with Community Giveaways

December 21, 2023 3 mins read

Dubai, UAE, December 21st, 2023 Binance, the world’s leading blockchain ecosystem and the world’s largest cryptocurrency exchange by trading volume, has prepared a diverse range of activities and events to celebrate the holiday season with an emphasis on community engagement and recognition. Binance launched its global celebration of the holiday season with a series of in-person events taking place in various cities around the world. From Madrid (Spain), and Medellin

Binance and Zhao Hit with $2.7 Billion Fine in CFTC Money Laundering Case

December 19, 2023 1 min read

In a CFTC money laundering case, Binance and its former CEO, ChangPeng Zhao, were fined $2.7 billion. The court’s decision also introduces a new CEO, Richard Teng, and raises the prospect of Zhao facing prison time. The settlement between the CFTC and Binance was approved by the United States District Court for the Northern District of Illinois. Binance was ordered to pay $2.7 billion in fines, with Zhao personally liable

Binance Faces Market Share Decline Amid Regulatory Scrutiny

December 12, 2023 1 min read

Binance, once the dominant force in the crypto exchange space, has seen its market share decline significantly over the last year. The company’s involvement in multiple regulatory investigations, combined with the departure of its CEO and founder, Changpeng Zhao (CZ), has resulted in a significant decrease in market dominance. According to CCData, Binance’s market share fell to 30.1% in December, a significant decrease from the 55% it held at the

Former SEC Chairman Warns of Binance’s Growing Legal Problems in the Face of DOJ and SEC Probe

December 11, 2023 1 min read

Former SEC Internet Enforcement Chief John Reed Stark recently shared his thoughts on Binance, the global cryptocurrency exchange, and its mounting legal problems. His remarks shed light on the intense scrutiny directed at Binance and its former CEO, Changpeng Zhao (CZ) by both the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). Stark emphasized Binance’s extraordinary level of scrutiny, citing DOJ documents that reveal the extent

Former SEC Official Expresses Concerns Over Binance Settlement: Predicts Inevitable Collapse

December 7, 2023 2 mins read

Binance, the world’s largest crypto exchange, and its former CEO Changpeng Zhao (CZ) recently reached an agreement with the United States government. However, the implications of the agreement are raising eyebrows, with former SEC official John Reed Stark expressing serious concerns about Binance’s future and compliance efforts. Stark believes that, despite the settlement, CZ’s guilty plea to anti-money laundering charges may not provide Binance with the expected relief. Stark mentioned

Binance Quietly Discussed $4 Billion Settlement with VIPs Months Before Public Announcement

December 2, 2023 1 min read

According to an exclusive report, Binance privately disclosed details of its $4 billion settlement with the DOJ during a dinner for major market makers held in a Singapore nightclub. Surprisingly, this discussion took place several months before the settlement amount was made public. According to Bloomberg, attendees at the dinner inferred that Binance was able to cover the $4 billion settlement. Notably, the former CEO, Changpeng Zhao, did not attend

Binance Faces Ongoing SEC Investigation Despite Settlement and Leadership Changes

November 28, 2023 1 min read

Despite Binance’s CEO resigning and a hefty $4 billion settlement, the US Securities and Exchange Commission (SEC) continues its probe into whether BinanceUS, akin to FTX, had unauthorized control over customer assets, according to a recent Wall Street Journal report. The SEC filed a lawsuit in June, alleging Binance and BinanceUS sold unregistered securities, engaging in fraud and violating laws, with suspicions of unlawfully handling customer funds. argues against the

Former Binance CEO Changpeng Zhao Restricted from Leaving the US Until Sentencing, Rules Judge

November 28, 2023 1 min read

The former CEO of Binance, Changpeng Zhao (CZ), had a roadblock in his attempts to travel to the United Arab Emirates when a district judge halted a portion of his bail. CZ is currently residing in the US and intends to stay there until early 2024, when he will be sentenced. This follows Binance’s guilty plea for breaking money transfer regulations and sanctions, as well as his recent guilty plea

Binance Witnesses Significant USDT Withdrawals Amidst Spreading FUD

November 26, 2023 1 min read

Binance witnessed increased FUD (Fear, Uncertainty, Doubt) following CEO ChangPeng Zhao‘s resignation, with a substantial outflow of over $100 million in Tether (USDT). This withdrawal, the largest in three months, raises concerns about the stability of the exchange. BNB (Binance Coin) had a 10% decline in value, fighting to return to $250 and now hovering around $233. The Relative Strength Index (RSI) indicates a bearish trend, but a recent rise