A U.S. court has recently approved a substantial settlement against the cryptocurrency exchange Binance and its former CEO, Changpeng “CZ” Zhao. As part of the settlement, Binance is required to pay a hefty sum of $2.7 billion, while CZ himself is ordered to pay $150 million to the Commodity Futures Trading Commission (CFTC). This decision, […]
Binance Pays $2.7B in Major Settlement, CZ Fined $150M by US Court Read More »
In a pivotal leadership transition at Binance, the foremost crypto exchange globally, Changpeng “CZ” Zhao has resigned as CEO after admitting guilt to charges in the U.S., making way for Richard Teng’s ascendancy. Previously a regulator in Abu Dhabi, Teng was appointed in June to manage Binance’s regional operations outside the U.S. His rise to
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