President Donald Trump has pardoned Binance founder Changpeng “CZ” Zhao, as first reported by CNBC. Zhao previously pleaded guilty to enabling money laundering while running the cryptocurrency exchange, and served four months in prison last year. “President Trump exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden […]
Trump pardons Binance founder Changpeng Zhao Read More »
President Trump’s family has been weighing an investment in Binance.US, according to a report from the Wall Street Journal. The investment would come just a couple of years after Binance’s U.S. arm pleaded guilty to violating anti-money laundering regulation. As part of that guilty plea, Binance’s founder Changpeng Zhao, better known as CZ, paid a
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Coinbase is working on its re-entry to India more than a year after it officially ceased operations in the world’s most populous nation. The American crypto exchange is engaging with various Indian authorities, including the Financial Intelligence Unit (FIU), an Indian government agency that scrutinizes financial transactions, according to two sources familiar with the matter
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Binance founder Changpeng “CZ” Zhao was released from US custody on Friday after serving out his four-month sentence in a low-security correctional facility. CZ’s sentence was the product of a federal investigation that found Binance had failed to stop widespread criminal activity on the world’s largest cryptocurrency exchange. CZ pleaded guilty to the DOJ’s charges,
Binance founder ‘CZ’ released from custody after four-month sentence Read More »
Customers of WazirX, the Indian cryptocurrency exchange that suffered a $234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company legal adviser said on Monday. George Gwee, a director at restructuring firm Kroll working with WazirX, said that at least 43% of the money any
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Four months behind bars and a massive fine, that’s what CZ is getting from the government for his crypto exchange’s misdeeds. Regardless of how you view the verdict — too much, too little, just right — his sentencing is a big deal for web3. Potentially in a positive way. There’s effort by some in crypto
TechCrunch Minute: Where CZ’s sentencing leaves the state of crypto Read More »
Changpeng Zhao, also known as “CZ,” the founder and CEO of crypto exchange Binance, has been sentenced to four months in prison. Six days ago, the US Department of Justice had recommended that Zhao be given a 36-month prison sentence, which would have been “well above the possible 18 months laid out in his plea
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