First FTX (Sam Bankman-Fried), now Binance?
BINANCE USERS HAVE NOW TAKEN OUT OVER $1 BILLION DOLLARS IN CRYPTO FROM BINANCE IN THE LAST FEW HOURS AFTER BINANCE CEO QUIT
Truth or rumor?
GL
BINANCE USERS HAVE NOW TAKEN OUT OVER $1 BILLION DOLLARS IN CRYPTO FROM BINANCE IN THE LAST FEW HOURS AFTER BINANCE CEO QUIT
Truth or rumor?
GL
Yikes…keep a watch on this story for us Sir Gold Learner. Could be BIG
US Settles With World’s Largest Crypto Exchange: Binance ‘CZ’ To Step-Down, Pay $4.3 Billion Fine – 11/21/23 –
…plead guilty to violating criminal U.S. anti-money laundering requirements…
https://www.zerohedge.com/crypto/us-settles-worlds-largest-crypto-exchange-binance-cz-step-down-pay-43-billion-fine
Confirming the leaks that hit markets yesterday, The Wall Street Journal reports that Changpeng Zhao (‘CZ’), founder and chief executive of Binance, the world’s largest crypto exchange, plans to step down and plead guilty to violating criminal U.S. anti-money laundering requirements, in a deal meant to allow the company to continue operating.
Zhao founded the firm in 2017 and turned it into the most important hub of the global crypto market.
The CFTC claimed that Binance for years didn’t have a program to prevent and detect terrorist financing and money laundering. It also said Binance gave Americans access to derivatives such as futures or swaps that can only be traded in the U.S. if they are offered on regulated platforms. Binance never registered with U.S. regulators, making its risky leveraged products off-limits to American traders, the CFTC said.
much more……………