Binance to Pay $4.3B to Settle Money Laundering and CEO Changpeng ‘CZ’ Zhao Resigns

November 21, 2023 by Brian Wang

Binance, the world’s largest crypto exchange, was criminally charged with breaking sanctions and money-transmitting laws and agreed to pay $4.3 billion to settle case. Founder Changpeng “CZ” Zhao pled guilty to charges he personally faced and agreed to pay a $50 million fine. CZ is resigning as CEO. Richard Teng, a former Abu Dhabi regulator …

Is Binance the Next Crypto Collapse?

December 19, 2022 by Brian Wang

As of November 22 at 23:59 UTC, Binance users collectively held 575742.4228 BTC — that’s around $9.5 billion at today’s exchange rate. The Binance proof of reserves site is still showing that BTC figure despite reports of billions of dollars in withdrawals from Binance. This dashboard is quickly becoming the most popular on @nansen_ai Recommend …