The Crypto Queen Pulling the Strings at Binance
11 months, 4 weeks ago

The Crypto Queen Pulling the Strings at Binance

Live Mint  

U.S. authorities toppled the king of crypto. Since Zhao resigned last month, Yi He, 37 years old, has assumed Zhao’s mantle as Binance defender-in-chief, calling critics “mediocre and hopeless" on X, the site formerly known as Twitter. Yi He recruited volunteers called Binance Angels to spread Zhao’s gospel that crypto would liberate people from traditional finance. The Binance spokesperson said the Ronaldo campaign exceeded the company’s objectives, including on new-user registration, and resulted in “billions of earned media impressions." Under Yi He’s guidance, Binance instead produced a series called “Build the Block," in which crypto entrepreneurs pitched for a Binance investment, similar to “Shark Tank."

China Executives Chinese Spokesperson Ronaldo Zhao Exchange Former Executives Palau Yi He Company Binance Crypto Queen  didnt  pulling  strings  executives  yi  company  binance  exchange  zhao  zhaos  spokesperson  crypto  queen

History of this topic

I was as explicit as I could be: Binance CEO on WazirX hack
3 weeks ago

I was as explicit as I could be: Binance CEO on WazirX hack

India Today  

Binance CEO Changpeng Zhao addressed WazirX’s $230 million hack from July 2024 on X, highlighting that Binance has no involvement in WazirX’s operations. Meanwhile, following the hack, WazirX founder Nischal Shetty claimed that compensation delays stemmed from Binance’s alleged control over the finances of WazirX’s parent company, Zanmai, whose unresolved acquisition deal caused a strained relationship between the two. Another …

Binance founder Changpeng Zhao sentenced to 4 months for money laundering: Who is ‘bitcoin Jesus’
7 months, 3 weeks ago

Binance founder Changpeng Zhao sentenced to 4 months for money laundering: Who is ‘bitcoin Jesus’

Hindustan Times  

Changpeng Zhao, founder of the world's largest cryptocurrency exchange, was sentenced Tuesday to four months in prison for looking the other way as criminals used the platform to move money connected to child sex abuse, drug trafficking and terrorism. “I deeply regret my failure, and I am sorry.” But the judge said he was troubled by Zhao's decision to ignore …

Binance founder Changpeng Zhao sentenced to 4 months for allowing money laundering
7 months, 3 weeks ago

Binance founder Changpeng Zhao sentenced to 4 months for allowing money laundering

Associated Press  

SEATTLE — Changpeng Zhao, founder of the world’s largest cryptocurrency exchange, was sentenced Tuesday to four months in prison for looking the other way as criminals used the platform to move money connected to child sex abuse, drug trafficking and terrorism. “I deeply regret my failure, and I am sorry.” But the judge said he was troubled by Zhao’s decision …

Nigeria seeks to try crypto exchange Binance executives over alleged money laundering, tax evasion
8 months, 2 weeks ago

Nigeria seeks to try crypto exchange Binance executives over alleged money laundering, tax evasion

Associated Press  

ABUJA, Nigeria — Nigerian authorities asked in court Thursday for cryptocurrency exchange Binance and two of its executives to be tried for alleged money laundering and tax evasion, the first legal step following weeks of a criminal investigation into the trading platform. Only Tigran Gambaryan, an American citizen and Binance’s head of financial crime compliance, attended the court hearing as …

Binance executive detained in Nigeria amid a crypto crackdown has escaped custody
8 months, 4 weeks ago

Binance executive detained in Nigeria amid a crypto crackdown has escaped custody

Associated Press  

KADUNA, Nigeria — An executive of cryptocurrency exchange Binance has escaped custody in Nigeria, where a criminal investigation has been launched against the platform accused of being used for money laundering, authorities said Monday. Nadeem Anjarwalla, the regional manager for Binance in Africa, “fled Nigeria using a smuggled passport,” the office of Nigeria’s National Security Adviser said in a statement, …

Binance executive detained in Nigeria in crypto case escapes custody
8 months, 4 weeks ago

Binance executive detained in Nigeria in crypto case escapes custody

Al Jazeera  

The Binance executive was detained when he arrived in Nigeria following the crackdown on the company. An executive of cryptocurrency exchange Binance has escaped custody in Nigeria, where a criminal investigation has been launched against the platform accused of being used for money laundering, according to authorities. Nadeem Anjarwalla, the regional manager for Binance in Africa, “fled Nigeria using a …

Ronaldo faces USD1B class-action lawsuit after promoting for Binance NFTs
1 year ago

Ronaldo faces USD1B class-action lawsuit after promoting for Binance NFTs

The Hindu  

Portuguese football star Cristiano Ronaldo has been hit with class-action lawsuit seeking at least USD 1 billion in damages for his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance. The lawsuit filed in federal court in the Southern District of Florida on Monday alleges that Ronaldo’s promotion of Binance was “deceptive and unlawful.” …

'Deceptive and unlawful': Cristiano Ronaldo faces USD 1 billion class-action lawsuit after promoting Binance NFTs
1 year ago

'Deceptive and unlawful': Cristiano Ronaldo faces USD 1 billion class-action lawsuit after promoting Binance NFTs

Hindustan Times  

Portuguese soccer star Cristiano Ronaldo has been hit with class-action lawsuit seeking at least $1 billion in damages for his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance. Portuguese forward #07 Cristiano Ronaldo tells the referee that there was no foul and no need for a penalty The lawsuit filed in federal court …

Cristiano Ronaldo Faces Lawsuit in USA! Here's Why
1 year ago

Cristiano Ronaldo Faces Lawsuit in USA! Here's Why

News 18  

Al Nassr club and Portugal footballer Cristiano Ronaldo is facing a class action lawsuit in the US over his promotion of Binance, the largest cryptocurrency exchange in the world, said reports. The lawsuit filing stated,”Plaintiffs file this Complaint on behalf of themselves, and all other similarly situated consumers who purchased unregistered securities offered or sold by Binance, 1 against Defendant, …

Inside Binance’s Guilty Plea and the Biggest Fine in Crypto History
1 year, 1 month ago

Inside Binance’s Guilty Plea and the Biggest Fine in Crypto History

Live Mint  

The king of crypto’s largest outlaw empire told employees for years that he would never turn himself in. Hours earlier, Zhao and his company, Binance, agreed to plead guilty to resolve a Justice Department criminal investigation that has dogged the world’s largest cryptocurrency exchange almost since its launch. Zhao also bowed to pressure in September from the DOJ to sell …

CZ Has Left Binance, SBF Is in Jail. Crypto Is About to Get Boring
1 year, 1 month ago

CZ Has Left Binance, SBF Is in Jail. Crypto Is About to Get Boring

Wired  

The world’s largest crypto exchange, Binance, and its founder, Changpeng Zhao, pleaded guilty yesterday to criminal charges in the US, releasing a wave of pent-up tension that had hung over the crypto industry for years. Under his leadership, Binance grew to become by far the world’s largest crypto exchange, but frequently clashed with regulators in the US and elsewhere. The …

Why Binance, the world’s largest crypto exchange, has been linked to Hamas
1 year, 1 month ago

Why Binance, the world’s largest crypto exchange, has been linked to Hamas

Firstpost  

Binance has been accused by the US government of ‘willfully’ failing to report over 100,000 suspicious transactions from several militant groups, such as Hamas’ military arm, Al Qaeda, ISIS and others. Treasury Secretary Janet Yellen said Binance was guilty of “consistent and egregious violations of US anti-money laundering and sanctions laws.” “Binance turned a blind eye to its legal obligations …

Largest crypto exchange Binance fined $4 billion, CEO Changpeng Zhao pleads guilty to not stopping money laundering
1 year, 1 month ago

Largest crypto exchange Binance fined $4 billion, CEO Changpeng Zhao pleads guilty to not stopping money laundering

The Hindu  

The U.S. government dealt a massive blow to Binance, the world’s largest cryptocurrency exchange, which agreed to pay a roughly $4 billion settlement Tuesday as its founder and CEO Changpeng Zhao pleaded guilty to a felony related to his failure to prevent money laundering on the platform. As part of the settlement agreement, the U.S. Treasury said Binance will be …

The feds cracked down on Binance and Changpeng Zhao—and then insulted them!
1 year, 1 month ago

The feds cracked down on Binance and Changpeng Zhao—and then insulted them!

Slate  

The U.S. government just dropped a hammer on the biggest name left in cryptocurrency. Earlier on Tuesday, the DOJ said it was “seizing $9 million worth of Tether”—the dollar-pegged stablecoin that props up much of the cryptocurrency economy—in connection with “an organization that exploited over 70 victims through romance scams and cryptocurrency confidence scams.” This came just a day after …

Binance CEO pleads guilty, steps down from company. Who is Changpeng Zhao?
1 year, 1 month ago

Binance CEO pleads guilty, steps down from company. Who is Changpeng Zhao?

Live Mint  

Founder-CEO of Binance, the world's largest cryptocurrency exchange Changpeng Zhao, or CZ, as he is fondly known by crypto enthusiasts, has stepped down from his role after pleading guilty to breaking US anti-money laundering laws, as per a Reuters report. Zhao agreed to a $4.3 billion settlement deal in a Seattle court on November 21, including a personal payout of …

Founder of Binance, world’s largest crypto exchange, pleads guilty to anti-money laundering charge
1 year, 1 month ago

Founder of Binance, world’s largest crypto exchange, pleads guilty to anti-money laundering charge

Hindustan Times  

The founder of Binance, the world’s largest cryptocurrency exchange, pleaded guilty Tuesday to a felony charge that he failed to take steps to prevent money laundering as the company agreed to pay more than $4 billion following an investigation by the U.S. government. Binance CEO Changpeng Zhao CEO Changpeng Zhao pleaded guilty to one count of failure to maintain an …

Largest crypto exchange Binance fined $4 billion, CEO pleads guilty to not stopping money laundering
1 year, 1 month ago

Largest crypto exchange Binance fined $4 billion, CEO pleads guilty to not stopping money laundering

Associated Press  

WASHINGTON — The U.S. government dealt a massive blow to Binance, the world’s largest cryptocurrency exchange, which agreed to pay a roughly $4 billion settlement Tuesday as its founder and CEO Changpeng Zhao pleaded guilty to a felony related to his failure to prevent money laundering on the platform. As part of the settlement agreement, the U.S. Treasury said Binance …

Binance crypto exchange founder to step down amid US illicit finance probe
1 year, 1 month ago

Binance crypto exchange founder to step down amid US illicit finance probe

Al Jazeera  

Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, has stepped down as CEO and pleaded guilty to violating anti-money laundering laws. “Binance became the world’s largest cryptocurrency exchange in part because of the crimes it committed. “In just the past month, the Justice Department has successfully prosecuted the CEOs of two of the world’s largest cryptocurrency exchanges in …

CEO of world’s largest crypto exchange pleads guilty and agrees to $50-million fine
1 year, 1 month ago

CEO of world’s largest crypto exchange pleads guilty and agrees to $50-million fine

LA Times  

Binance CEO Changpeng Zhao has agreed to step down as part of a sweeping deal with the Justice Department designed to keep the company operating. Binance Holdings Ltd. Chief Executive Changpeng Zhao pleaded guilty to criminal charges of money laundering and U.S. sanctions violations, including allowing transactions with Hamas and other terrorist groups, under a sweeping deal worked out with …

Binance, CEO Zhao to seek dismissal of US watchdog’s complaint
1 year, 4 months ago

Binance, CEO Zhao to seek dismissal of US watchdog’s complaint

Al Jazeera  

Binance and its CEO and founder Changpeng Zhao are planning to seek the dismissal of a US Commodity Futures Trading Commission complaint accusing the crypto exchange of violating the United States Commodity Exchange Act and certain related federal regulations. The CFTC in March sued Binance, the world’s biggest crypto exchange, and Zhao for operating what the regulator alleged was an …

Binance, SEC agree to allow only US employees to access customer funds: Report
1 year, 6 months ago

Binance, SEC agree to allow only US employees to access customer funds: Report

Live Mint  

US securities regulator, Binance and Binance.US have entered into an agreement that allows Binance.US employees to ccess customer funds in the short term, reported Reuters on basis of court documents. The agreement noted that Binance US will take steps to make sure that no Binance Holdings officials have access to private keys for its various wallets, hardware wallets or root …

Why Binance, the world’s largest cryptocurrency exchange, is in trouble
1 year, 6 months ago

Why Binance, the world’s largest cryptocurrency exchange, is in trouble

Firstpost  

After the fall of FTX, now crypto giant Binance seems to be in hot water. Zhao and Binance publicly claimed that US customers were barred from transacting on Binance.com, but the platform “secretly” allowed high-value customers to keep trading, the SEC said. The agency said Binance’s chief compliance officer admitted that: “We do not want.com to be regulated ever.” From …

World's largest crypto platform Binance charged by US regulator
1 year, 6 months ago

World's largest crypto platform Binance charged by US regulator

India TV News  

The largest crypto trading platform in the world, Binance.com, and its founder, Changpeng Zhao, have been charged by a US regulator with a variety of securities law violations. The US' Securities and Exchange Commission in a statement on Monday said Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion …

Binance mishandled funds and violated securities laws, according to SEC lawsuit
1 year, 6 months ago

Binance mishandled funds and violated securities laws, according to SEC lawsuit

Associated Press  

WASHINGTON — The world’s largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit filed by the SEC. Binance is a Cayman Islands limited liability company founded by Zhao and the charges are familiar to practices uncovered after the …

U.S. SEC sues Binance, founder Zhao alleging securities law violations
1 year, 6 months ago

U.S. SEC sues Binance, founder Zhao alleging securities law violations

The Hindu  

The world's largest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Securities and Exchange Commission on Monday for failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls, as well as for operating an unregistered securities exchange. The SEC’s complaint, filed in federal court in Washington, D.C., …

The SEC sues Binance, unveils 13 charges against crypto exchange in sweeping lawsuit
1 year, 6 months ago

The SEC sues Binance, unveils 13 charges against crypto exchange in sweeping lawsuit

NPR  

The SEC sues Binance, unveils 13 charges against crypto exchange in sweeping lawsuit Enlarge this image toggle caption Patricia De Melo Moreira/AFP via Getty Images Patricia De Melo Moreira/AFP via Getty Images U.S. regulators are targeting more giants in the world of crypto. On Monday, it filed 13 charges against Binance, which operates the world's top crypto exchange, as well …

US regulator sues top crypto exchange Binance, CEO
1 year, 8 months ago

US regulator sues top crypto exchange Binance, CEO

Al Jazeera  

The world’s biggest crypto exchange Binance and its CEO and founder Changpeng Zhao are being sued by the Commodity Futures Trading Commission in the United States for operating what the regulator alleges were an “illegal” exchange and a “sham” compliance programme. Binance’s compliance programme has been “ineffective” and the firm, under the direction of Zhao, told employees and customers to …

Binance moved $346 mln for seized crypto exchange Bitzlato, data show
1 year, 10 months ago

Binance moved $346 mln for seized crypto exchange Bitzlato, data show

Live Mint  

Crypto giant Binance processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by U.S. authorities last week for allegedly running a "money laundering engine," blockchain data seen by Reuters show. Binance, the world's largest crypto exchange, was among Bitzlato's top three counterparties by the amount of bitcoin received between May 2018 and September …

Binance moved $346 million for seized crypto exchange Bitzlato, data show
1 year, 10 months ago

Binance moved $346 million for seized crypto exchange Bitzlato, data show

Live Mint  

Crypto giant Binance processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a "money laundering engine," blockchain data seen by Reuters show. The Justice Department on Jan. 18 said it charged Bitzlato’s co-founder and majority shareholder Anatoly Legkodymov, a Russian national living in China, with …

Crypto giant Binance offers little transparency after FTX collapse
2 years ago

Crypto giant Binance offers little transparency after FTX collapse

Live Mint  

The collapse of the crypto exchange FTX has triggered calls for transparency in the industry. Binance.US told the Journal at the time that the exchange had robust data protection and that U.S. customer data was stored on servers in the U.S. “Binance does not operate in China nor do we have any technology, including servers or data, based in China," …

Explained: How the collapse of FTX is giving Binance a chance to become the new face of crypto
2 years ago

Explained: How the collapse of FTX is giving Binance a chance to become the new face of crypto

Firstpost  

Binance began taking steps in the past year to scrub its reputation as a shadowy giant with no headquarters that doesn’t always follow the rules. “I need your help for the sake of the industry and users.” Zhao, founder of Binance, the world’s largest cryptocurrency exchange, initially agreed to provide a loan and buy FTX to save it. “They were …

How Binance CEO Changpeng Zhao and aides plotted to dodge regulators in U.S. and UK
2 years, 2 months ago

How Binance CEO Changpeng Zhao and aides plotted to dodge regulators in U.S. and UK

The Hindu  

As 2022 dawned, Changpeng Zhao was riding high. After this article was published, Zhao said in a blog post that he "personally rejected" the 2018 plan to insulate Binance from U.S. regulators. Two weeks earlier, Zhao told an interviewer that Yi He had been "integral to Binance's success" and would be an "integral part of our continued growth." Zhao's personal …

Binance crypto exchange hit by latest digital currency hack
2 years, 2 months ago

Binance crypto exchange hit by latest digital currency hack

Associated Press  

Binance, the world’s largest cryptocurrency exchange, may have lost more than $100 million following a hack of its Binance Smart Chain blockchain network. A reddit post by Binance discussing the incident said that the company temporarily suspended transactions and the transfer of funds after detecting an exploit between two blockchains, a method of digital theft that has been used recently …

U.S. federal prosecutors sought records on Binance CEO Changpeng Zhao for cryptocurrency money laundering probe
2 years, 3 months ago

U.S. federal prosecutors sought records on Binance CEO Changpeng Zhao for cryptocurrency money laundering probe

The Hindu  

U.S. federal prosecutors asked Binance, the world's largest cryptocurrency exchange, to provide extensive internal records about its anti-money laundering checks, along with communications involving its chief executive and founder Changpeng Zhao, according to a late-2020 written request seen by Reuters. The Justice Department's money laundering section asked Binance to voluntarily hand over messages from Mr. Zhao and 12 other executives …

IT Employee to Among World's Top Richest: Know Binance Founder's Inspiring Story
2 years, 7 months ago

IT Employee to Among World's Top Richest: Know Binance Founder's Inspiring Story

News 18  

Changpeng ‘CZ’ Zhao’s story is similar to those of other entrepreneurs, except it is different. The co founder and chief executive officer of Binance, the world’s largest cryptocurrency exchange, has showed a new path for crypto business aspirants, who say he inspires them. The euphoria has also found a place to nest, in the middle eastern country of the United …

Binance CEO turned down purchase of Chelsea - spokesperson
2 years, 9 months ago

Binance CEO turned down purchase of Chelsea - spokesperson

The Hindu  

The chief executive of crypto exchange Binance discussed buying Russian billionaire Roman Abramovich's Premier League football club Chelsea but has ruled out any such deal, a spokesperson for Binance has told Reuters. Changpeng Zhao spoke with the Raine Group, the U.S. investment bank representing Chelsea on the sale, but declined to pursue it as owning a football club is not …

Global Crypto Crackdown: Binance Guns for 'Better Talent'; Under the Microscope of Regulators
3 years, 5 months ago

Global Crypto Crackdown: Binance Guns for 'Better Talent'; Under the Microscope of Regulators

News 18  

SINGAPORE: Cryptocurrency exchange Binance plans on doubling its compliance team by year’s and said it will “humbly welcome more capable talents” as it faces a blizzard of global regulatory probes. “Binance has grown very quickly and we haven’t always got everything exactly right,” chief executive Changpeng Zhao said in a letter posted on the company website. “Crypto is similar.” Zhao …

UK's NatWest caps transfers to crypto exchanges over concerns of fraud
3 years, 5 months ago

UK's NatWest caps transfers to crypto exchanges over concerns of fraud

Hindustan Times  

Britain's Natwest Group has capped the daily amount customers can send to cryptocurrency exchanges, including major platform Binance, because of concerns over investment scams and fraud, a spokesperson told Reuters on Tuesday. The temporary cap, imposed by one of Britain's domestic biggest lenders on June 24, targets a number of exchanges and digital asset firms. The temporary cap, imposed by …

Discover Related