Binance 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.
CaptainXBittrex Global, a UK-based crypto exchange, halts global trading on Dec. 4 due to legal settlement with SEC and ongoing regulatory challenges, urging users to withdraw funds promptly.
BerniceSet for 4th December 2023, the exchange aims to ensure a transparent and smooth wind-down process, reassuring users of the safety and security of all funds and tokens on its platform.
DavinParadigm, a research-driven tech firm, has strongly criticized the United States securities regulator for its misguided pursuit of Bittrex, a ...
BitcoinistMere days after Coinbase went on the attack, Bittrex followed suit.
cryptopotatoBittrex ceased operations in the US on April 30, and it said the bankruptcy filing would not impact Bittrex Global, which serves customers outside the United States.
OthersLayoffs continue in the crypto sphere despite increasing BTC prices as Bittrex and Chainalysis lays off 83 and 44 employees, respectively.
CryptoSlateThese actions follow hard on the heels of other federal enforcements in 2022.
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