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A $4.3 billion pact between Binance and US authorities represents the most high-profile crypto crackdown since the arrest of FTX founder Sam Bankman-Fried in 2022.
Binance will also pay the largest fine any crypto firm has had to pay — $4.3 billion to various US government agencies — and operate with an independent compliance monitor for three years to ...
Binance.US, a America based exchange that Binance claims isn't affiliated with the international platform, has seen its crypto spot market share drop to 1% from 20% since the SEC filed its lawsuit ...
SEATTLE (Reuters) -Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. money-laundering laws at the ...
In April 2019, Binance launched Binance Smart Chain, which has smart contract functionality and is an Ethereum competitor. In February 2018, Forbes placed him third on their list of "The Richest People In Cryptocurrency," with an estimated net worth of $1.1-2 billion. [14] [16] In 2019, Zhao launched Binance's U.S. affiliate, Binance.US. [17]
Richard Teng is the chief executive officer (CEO) of Binance, a company that operates one of the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. Previously, he worked for the Monetary Authority of Singapore and was chief regulatory officer of the Singapore Exchange and CEO of the Abu Dhabi Global Market.
Shortly after the lawsuit became public, Binance's CEO tweeted the number "4" over from his account, which refers to an earlier goal for 2023 he has pinned to the top of his profile, "Ignore FUD ...
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