Binance

Binance CEO Changpeng Zhao resigns, pleads guilty to money laundering case for $4.3 billion

Once the most powerful man in Crypto, has resigned and pleaded guilty to violating US anti-money laundering laws as part of a substantial $4.3 billion settlement. As part of the settlement, Zhao is personally paying $50 million and is barred from any involvement in Binance.

Why Binance, the world’s largest cryptocurrency exchange, is in trouble

Binance, the world’s largest cryptocurrency exchange, is being accused by US authorities of defrauding investors, evading security laws, mixing customer money with corporate funds, and lying about who controls its US platform

Top US markets regulator charges crypto giant Binance for breaking trade rules

The charge sheet accuses Binance of failing to uphold standards that are required of a company operating as a derivatives market and dealing with major US trading companies

FTX founder Sam Bankman-Fried pleads not guilty to charges of cheating and misleading investors

FTX’s Sam Bankman-Fried has denied all charges against him and will start facing a trial on October 2. SBF is out on bail on the condition that he doesn’t have access to crypto or assets of FTX or Alameda Research or any assets purchased with funds from the companies.

Explained: How the collapse of FTX is giving Binance a chance to become the new face of crypto

Binance began taking steps in the past year to scrub its reputation as a shadowy giant with no headquarters that doesn’t always follow the rules. Now that FTX has failed, Binance has an opportunity to publicly establish its credibility with investors and regulators

After FTX collapse, Sam Bankman-Fried arrested: What went wrong with the crypto giant?

FTX was founded in 2019 by ex-Wall Street trader Sam Bankman-Fried and former Google employee Gary Want. Witnessing incredible growth from its inception, FTX was valued at $32 billion in January. Now, Bankman-Fried has been arrested in The Bahamas just a month after the company filed for bankruptcy

Chhattisgarh: Accounts of three Chinese nationals frozen in crypto fraud

The action was taken based on a complaint lodged by one Dr Abhishek Pal, a resident of Rajnandgaon, who alleged that he had lost Rs 81 lakh after a Chinese woman lured him into investing in a cryptocurrency scheme by promising him three-fold returns

How a job scam revealed Rs 3,000 crore money laundering via cryptocurrencies

Money from this racket has already been siphoned off to countries like China and the Philippines using cryptocurrency wallets like Binance, Smart Cont, OK Coin, etc

Cryptocurrency update: Bitcoin and other cryptos decline in value; all you need to know

Bitcoin has lost more than $22,000 since it hit a record high in November and is currently up about 60 percent, year-to-date

Cryptocurrency update: Bitcoin, Dogecoin, Shibu Ina witness decline in value; Ether rises

Ethereum rose by 1.69 percent in value to $4,242.75. The second-largest digital token has risen by 2.07 percent in the last seven days