According to the U.S. Treasury Department’s Financial Crimes Enforcement Network, money laundering is “the process by which criminals attempt to conceal the true origin of their illegally obtained funds or proceeds of crime.”
JinseFinanceOn March 12, according to the Wall Street Journal, Nigeria, Africa’s largest economy, accused Binance, the world’s largest crypto exchange, of causing the collapse of its currency and detained two of its executives, taking the situation to a new level.
JinseFinanceBinance's CZ, facing money laundering charges, confronts an unplanned stay in the U.S. until sentencing.
Hui XinThe founder of Binance, Zhao Changpeng (CZ), recently resigned and pleaded guilty to violating the Banking Secrecy Act. Despite posting a $175 million bail, CZ remains in the United States.
JoyThe allegations put forth assert that these individuals misappropriated $200 million in investor funds, purportedly for personal indulgence in a lavish lifestyle.
Catherine3AC's other Co-Founder Kyle Davies is still at large, and his whereabouts remain unknown.
ClementCrypto hedge fund founders Zhu and Davies arrested in Singapore for non-cooperation with creditors.
BrianThe Binance founder explains his flight from China as a consequence of increasing regulatory pressure.
BeincryptoBinance's post-FTX market dominance is impressive -- and concerning
BanklessSouth Korea's national tax authority imposed a fine of 78 million U.S. dollars (about 100 billion won) on charges of tax evasion.
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