February 28, 2024
Binance founder Changpeng Zhao has told a Washington federal judge he opposes prosecutors' motion for further travel restrictions and suggested, without explicitly asking, that he be allowed to see his family in the United Arab Emirates.
February 23, 2024
A Washington federal judge signed off Friday on Binance's $4.3 billion plea deal on money laundering and bank fraud charges, saying from the bench that the cryptocurrency exchange's ethics violations could not be explained away by mere ignorance.
February 20, 2024
Binance Holdings Ltd. and federal prosecutors have called on a Washington federal court to confirm a historic $4.3 billion penalty, including a $1.8 billion criminal fine and a $2.5 billion forfeiture, that the crypto exchange agreed to pay last fall when admitting to a series of banking and sanctions violations.
January 01, 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.
December 18, 2023
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.
December 04, 2023
Crypto exchange Binance Holdings Ltd. has its work cut out for it under the terms of a $4 billion deal that will require it to ramp up its compliance program under the watch of a monitor, but the exchange's head of compliance told Law360 he's looking at the arrangement as a "business accelerator."
November 21, 2023
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.