Roger Ver’s arrest by U.S. authorities on tax evasion charges could signal a turning point in the digital asset sector’s history as ‘crypto’ crooks turn on each other to save their own skins.
Last November, CZ and Binance reached a $4.3 billion settlement with the DoJ based on the exchange’s blatant violations of U.S. law that enabled money laundering, sanctions evasion and terrorist financing to a degree unmatched by other digital asset exchanges.
The U.S. Department of Justice has filed a sentencing memorandum with the U.S. District Court for the Western District of Washington ahead of Changpeng Zhao’s sentencing by Judge Richard Jones on April 30.
Sam Bankman-Fried has been sentenced to 25 years in prison for the criminal fraud that led to the downfall of his FTX exchange and the theft of billions of dollars from his former customers.
The U.S. Court of Appeals for the Second Circuit reversed a lower court's dismissal of a class action suit against Binance, its founder CZ and co-founders Yi He and Roger Wang in April 2020.
Both Sam Bankman-Fried and Martin Mizrahi committed crimes they should have realized would eventually be exposed while insisting on their innocence to the end.
The Nigerian government "may impose heavy fines on Binance" but gov't official Bayo Onanuga insisted he "never said Binance had been informed about the fines or that it would definitely be $10 billion."
After being flagged for unauthorized securities offerings, Binance faces new hurdles as the Philippine SEC works with tech giants Google and Meta to block its marketing material on local devices.
Changpeng Zhao will find out his prison term on April 30 following the decision of the judge to delay his sentencing in connection with Binance's involvement in terror activities.
In this exclusive interview, Infrawatch PH's Terry Ridon shares his views on the Philippines' evolving regulatory landscape and the potential implications of blockchain innovation in the country.
The Alaska Division of Banking and Securities didn't renew the operating license of Binance.US, while Florida's Office of Financial Regulation suspended the exchange’s money transmitter license in 2023.
Binance could see itself in court following Monday's proceedings on its plea to dismiss the SEC's civil lawsuit, with Judge Jackson appearing skeptical over the exchange's arguments.
