![]() District Court for the Northern District of Illinois charging them with numerous CTFC violations. With 96 billion, Binance CEO Changpeng Zhao is closing in on tech titans including Facebook’s Mark Zuckerberg and Google’s. In March, the Commodity Futures Trading Commission filed an enforcement action against Binance and Zhao in the U.S. World’s Biggest Crypto Fortune Began With a Friendly Poker Game. regulators have gone after Binance before. SEATTLE (AP) 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. These practices of Binance have essentially been open secrets, so no one who operates in the space will be surprised by any of the charges,” said Cory Klippsten, CEO of Swan Bitcoin, a bitcoin financial services company. Photograph: Patrícia de Melo Moreira/AFP/Getty Images. FILE PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, and Litecoin. “The new complaint from the SEC against Binance is a laundry list of charges laying out exactly the same claims that many in the Bitcoin and crypto communities have made against Changpeng Zhao and his companies for many years. Federal regulators accused Binance, the world’s largest crypto exchange, and its chief executive of violating securities laws and making false statements to investors, the latest volley. Binance co-founder and CEO Changpeng Zhao was a headline speaker at the Web Summit on 2 November. His criminal trial is likely to be in the fall. prosecutors and the SEC charged FTX’s founder Sam Bankman-Fried with a host of money laundering, fraud and securities fraud charges in December. The lawsuit comes roughly eight months after the collapse of FTX, which was also accused of co-mingling customers’ funds and investing the proceeds in high-risk investments that customers were unaware they were participating in. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |