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.
Tigran Gambaryan was detained and charged alongside Binance over alleged tax evasion and currency manipulation charges; he’s now being held in an underground cell in Abuja.
Nigeria crackdown on Binance continues with the arrest of two top officials and shutdown of the exchange following allegations of human rights violations.
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."
FTX's Sam Bankman-Fried won't face a second trial for bribing Chinese officials, while Binance's Changpeng Zhao's bid to return to Dubai has been rejected for the second time.
Three days before the halt of trading pairs involving GBP, Binance users in the United Kingdom were caught off guard as the exchange has started declining transactions covering the British pound.
On December 7, U.S. District Court Judge Richard Jones rejected CZ’s request to return to Dubai until his sentencing hearing on February 23, 2024.
Binance's U.S. lobbying spending didn't immunize itself from its legal woes, as more difficulties could arise following revelations that the exchange tipped off its VIP customers.
The Philippines Securities and Exchange Commission recently issued an advisory informing the public that "Binance is NOT AUTHORIZED TO SELL or OFFER SECURITIES" in the country.
U.S. prosecutors challenged the terms of CZ's release, claiming that his vast wealth and the UAE’s lack of an extradition treaty with the U.S. made it unlikely that he would return for sentencing.
U.S. prosecutors call for Changpeng Zhao not to leave the country before his February sentencing date, while Justin Sun appears well aware that he could be next on the legal chopping block.
Binance attempts to stay afloat with the appointment of its new CEO after CZ stepped down following a guilty plea on charges tied to sanctions violations and breaching the Bank Secrecy Act.
