CZ’s sentencing date is set for 30 April, following a settlement reached between him and Binance with the US Department of Justice in November 2023.
CatherineDOJ recommends 3-year prison for CZ amidst Binance legal woes. CZ's team argues against prison, suggests probation. CZ expresses remorse in letter to judge, receives support from sister and Binance co-founder. Legal saga highlights complexities in crypto regulation.
EdmundSafeMoon files for bankruptcy amid fraud charges, leading to a significant drop in its cryptocurrency value.
Huang BoSince 2017, Binance has been striving to obtain a phased 'partially legal' status in certain global regions through diplomacy, acquisitions, joint investments, philanthropic funding, and other means.
CaptainXBinance and CEO Zhao Changpeng admit intentional violations, facilitating billions in unregulated crypto transactions. Zhao resigns as CEO, faces potential 18-month sentence. Legal battles continue over sentencing and extradition. Binance.US claims independence from Zhao's governance.
CaptainXBinance faces $34 billion in fines from FinCEN and $9.68 billion from OFAC for not reporting over 100,000 suspicious transactions involving terrorism, ransomware, child exploitation, and other illegal activities. Future penalties and strict regulations may impact Binance for the next five years.
CaptainXThe allegations put forth assert that these individuals misappropriated $200 million in investor funds, purportedly for personal indulgence in a lavish lifestyle.
CatherineCountries all over the world are gradually moving towards building a definitive law for the asset class.
BeincryptoA look back on the week that was the World Economic Forum and how crypto might have stolen the show.
Cointelegraph
Nulltx