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Commodity Futures Trading Commission v. Zhao et al
Case Number:
1:23-cv-01887
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January 01, 2024
Crypto White Collar Cases To Watch In 2024
The coming year will see the U.S. Securities and Exchange Commission battle with crypto exchanges over how securities laws apply to digital assets, while federal prosecutors will be focused on holding crypto firms and executives responsible for vast compliance failures that happened under their watch.
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December 18, 2023
CFTC Wins OK For $2.7B Binance Deal, $150M Zhao Payout
An Illinois federal judge has granted final approval to the U.S. Commodity Futures Trading Commission's $2.7 billion settlement with Binance Holdings Ltd. and $150 million settlement with its founder Changpeng Zhao in the agency's suit over allegations of money laundering and other illegal activities, the CFTC announced Monday.
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November 21, 2023
Binance To Pay $4.3B, Founder Takes Plea To End DOJ Probe
Binance Holdings Ltd. has agreed to pay a historic $4.3 billion fine, and its founder Changpeng Zhao entered a guilty plea and will resign from the company, as part of a proposed plea deal with the U.S. Department of Justice to end a yearslong investigation by the government into the cryptocurrency exchange over alleged money laundering, bank fraud and sanctions violations.
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July 28, 2023
Binance, Execs Want CFTC 'Sham' Compliance Suit Tossed
Crypto exchange Binance has asked an Illinois federal judge to toss a lawsuit brought by the U.S. Commodity Futures Trading Commission over the company's alleged "sham" compliance program, saying the regulator has failed to establish jurisdiction over the company or any of its executives, among other things.
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April 25, 2023
Binance And CEO Hire Gibson Dunn, Latham To Face CFTC
Crypto exchange Binance, its CEO and its former head of compliance are lining up their representation for a forthcoming fight with the U.S. Commodity Futures Trading Commission over what the regulator called a "sham" compliance program, and the team includes former enforcement attorneys from the likes of Gibson Dunn and Latham & Watkins.
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March 27, 2023
'Here For Crime': CFTC Suit Puts Spotlight On Binance's CCO
The U.S. Commodity Futures Trading Commission's landmark suit against Binance zeroes in on the cryptocurrency exchange's former chief compliance officer, who allegedly admitted in private messages that he knew certain Binance customers "are here for crime."
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March 27, 2023
CFTC Sues Binance Over 'Sham' Crypto Compliance Program
The U.S. Commodity Futures Trading Commission sued Binance and its CEO Changpeng Zhao in Chicago federal court Monday, accusing the world's largest crypto exchange platform of willfully violating U.S. law by, among other things, turning a blind eye to potential money laundering and terrorist financing on its platform.