All articles tagged with #changpeng zhao
Binance launched promotions to encourage purchases of World Liberty Financial’s stablecoin, deepening ties with the Trump family as the coin’s circulating supply hits about $5 billion following the pardon of Binance founder Changpeng Zhao.
Binance founder Changpeng Zhao said his four‑month prison sentence for AML controls violations and his Trump‑issued pardon have shifted his outlook. He dismissed any political motive behind the pardon, described becoming “a real free man,” and noted he does not trade crypto, instead taking a long‑term view. Zhao also said he briefly considered acquiring FTX but pulled back due to concerns over financial disclosures. Looking ahead, he suggested bitcoin could break its four‑year cycle and enter a 2026 supercycle, aided by a more pro‑crypto stance from the U.S. and other countries.
President Trump pardoned Binance founder Changpeng Zhao, who had pleaded guilty to violating US anti-money laundering laws, amid his connections to a Trump family crypto venture, highlighting the intersection of crypto industry influence and political pardons.
President Trump pardoned Binance founder Changpeng Zhao after his guilty plea for failing to implement proper anti-money laundering measures, which led to Binance paying over $4 billion in fines. Zhao's ties to Trump’s family crypto venture, World Liberty Financial, include code contributions and financial interests, raising concerns about potential conflicts of interest. This pardon is part of a broader trend of Trump pardoning prominent crypto figures.
President Trump pardoned Binance founder Changpeng Zhao, who served four months in prison for violating U.S. banking laws related to money laundering and sanctions violations, amid industry and political support, highlighting a shift in U.S. crypto regulation and enforcement.
US President Donald Trump pardoned Binance founder Changpeng Zhao, who had been sentenced to prison for violating US money laundering laws. The pardon, which also involved Binance paying a hefty fine, has sparked debate over the US government's stance on cryptocurrency and the Trump administration's approach to the industry. Zhao expressed gratitude for the pardon, which lifts restrictions on his financial activities, though his future dealings with US regulators remain uncertain.
President Trump issued a pardon to Binance founder Changpeng Zhao, who was convicted of enabling money laundering, amidst ongoing tensions between the US government and the crypto industry. Zhao expressed gratitude and aims to make the US a crypto hub, while Binance faces hefty fines and regulatory scrutiny. The pardon is part of a broader political context involving Trump's support for the crypto sector and allegations of overreach by the Biden administration.
President Donald Trump pardoned Binance founder Changpeng Zhao, who was previously sentenced to prison for failing to implement anti-money laundering protections, amid efforts by Binance and Zhao to improve relations with the US government and boost their crypto ventures. The pardon ends DOJ monitoring and signals a potential return to US business for Binance, amidst a broader trend of Trump pardoning tech figures and shifting attitudes towards crypto.
U.S. President Donald Trump has pardoned Changpeng Zhao, founder of Binance, amid ongoing clemency actions for crypto executives, potentially allowing Zhao to re-engage in the U.S. crypto market and signaling a favorable shift for the industry under Trump's administration.
President Donald Trump has pardoned Binance founder Changpeng Zhao, who had pleaded guilty to enabling money laundering and violating U.S. sanctions, amid ongoing tensions between the U.S. government and the cryptocurrency industry. The pardon follows Zhao's guilty plea and a settlement with the DOJ, and is part of broader political narratives around regulation and innovation in crypto.
FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao, seeking to recover $1.76 billion from a 2021 share deal deemed "fraudulent." The suit claims the transaction was funded by FTX's insolvent Alameda Research and involved misleading actions by Zhao, including tweets that allegedly led to FTX's collapse. Binance denies the allegations, calling them meritless. This legal battle follows the downfall of FTX and the conviction of its co-founder Sam Bankman-Fried for fraud.
FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao, seeking to recover nearly $1.8 billion allegedly transferred fraudulently by Sam Bankman-Fried. The funds were part of a 2021 share repurchase deal where Binance and Zhao sold their stakes in FTX's international and US-based units. Bankman-Fried, the FTX co-founder, is currently in prison.
Binance founder Changpeng Zhao (CZ) saw his net worth surge by $12 billion overnight following Donald Trump's 2025 presidential victory, as crypto prices rallied. Bloomberg estimates CZ's wealth at $52.7 billion, while Forbes claims it's $60.6 billion. This increase is attributed to CZ's 90% stake in Binance, the world's largest crypto exchange, which benefits from rising crypto market capitalizations.
U.S. prosecutors are seeking tighter bond conditions for Binance founder Changpeng Zhao ahead of his April sentencing for violating anti-money laundering laws, including requiring him to provide notice before any domestic travel, surrender his Canadian passport, and restrict his movement. Zhao's lawyers have objected to the proposal, and a judge previously barred him from leaving the U.S. due to concerns about his potential flight risk. Zhao pleaded guilty to the charges and stepped down as Binance's CEO, with federal sentencing guidelines suggesting he could face up to 18 months in prison.
Binance and its former CEO, Changpeng Zhao, have been ordered by a US court to pay a total of $2.85 billion to the Commodity Futures Trading Commission (CFTC) as part of a settlement. Binance will pay $2.7 billion, while Zhao will pay $150 million. The court found that both Binance and Zhao violated the Commodity Exchange Act and CFTC regulations. This settlement concludes a long-running case against Binance and Zhao, who had been accused of evading federal law and operating an illegal derivatives exchange. As part of the settlement, Binance and Zhao have agreed to implement stricter compliance measures and a formalized corporate governance structure.