CZ

Binance founder CZ Zhao faces up to 3 years in prison as the company’s growth soars

May 6, 2024 2 mins read

The sentencing of Binance founder Changpeng Zhao, known as CZ, was scheduled for Tuesday, April 30th. In November of last year, he confessed to breaching U.S. anti-money laundering laws. The duration of his sentence is likely to be three years. Prosecutors are seeking a severe sentence due to Zhao’s inadequate adherence to regulations. Zhao is well-known for advocating the idea of “seeking forgiveness rather than permission.” Zhao has the potential

Binance CZ’S $4.5B equity offer fails to secure urgent UAE visit again

January 25, 2024 1 min read

Former Binance CEO Changpeng Zhao, also known as CZ, faced a legal setback in his efforts to obtain permission to travel to the United Arab Emirates for the second time. Despite offering $4.5 billion in Binance equity as collateral, a federal judge denied his request, limiting his ability to visit a close associate who is hospitalized and undergoing surgery. Court documents filed on Wednesday revealed that CZ’s legal team wrote

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 CEO CZ Appeals to Return to UAE Amid Flight Risk Concerns

November 26, 2023 0 mins read

Changpeng Zhao, the founder of Binance, is fighting against the government’s attempt to prevent his return to the UAE after pleading guilty to anti-money laundering charges. In a legal brief, his defense emphasizes his voluntary appearance, lack of criminal history, and substantial bail conditions as reasons to deny the flight risk claim. The defense asserts that Zhao’s citizenship and the absence of an extradition treaty don’t make him a risk.

Binance Accused by SEC of Redirecting $12B to Companies Owned by CEO Changpeng Zhao

June 8, 2023 2 mins read

Binance, one of the world’s largest cryptocurrency exchanges, and its CEO Changpeng ‘CZ’ Zhao, along with Guangying ‘Helina’ Chen, are facing serious allegations by the Securities and Exchange Commission (SEC). According to court documents, the SEC claims that billions of dollars of customer funds were received by Zhao and Chen through their holding company. The regulatory body has presented evidence suggesting that the funds were funneled through an intermediary holding

CZ claims FTX paid for FUD-filled news articles about Binance

January 24, 2023 2 mins read

Binance CEO Changpeng Zhao, also known as CZ, has alleged that cryptocurrency exchange FTX paid $43 million to a crypto news outlet that regularly publishes negative articles about Binance. The claim was made during a Twitter space talk, where CZ discussed various topics related to the crypto industry. CZ stated that traders with short positions often look to “generate negative news” to improve their trades. He acknowledged that there are

CEO of Binance, CZ claims he should have tweeted about FTX issues sooner

November 25, 2022 1 min read

Changpeng Zhao or CZ, CEO of Binance, expressed regret for not sending an earlier tweet that led to the demise of the crypto exchange FTX. The CEO of the largest crypto exchange in the world made the statement during a live interview on Bloomberg TV on November 24. CZ said, “I actually reflect on the FTX situation and I kind of blame myself for tweeting that too late. As an