Tag: Binance

Binance Compliance Officer Under Scrutiny For FTX, Gemini, And Sex Trafficker Associations

boss

In a recent investigative report by the media outlet Unlimited Hangout, serious allegations were made against Noah Perlman, the chief compliance officer of Binance.  The report highlights Perlman’s alleged ties to the collapse of FTX, the troubled Gemini exchange owned by the Winklevoss twins, and even convicted and deceased sex trafficker Jeffrey Epstein. If the allegations made by the media outlet prove true, and Perlman is investigated by US authorities, Binance could find itself embroiled in another executive scandal following the departure of former CEO Changpeng Zhao (CZ). Associations With…

Former Binance CEO CZ Sheds Light on Next Moves as He Plans to Invest Crypto in Biotech Research

Following his recent guilty plea and forthcoming sentencing, former Binance CEO Changpeng Zhao has outlined potential next steps, including crypto investments in biotech research. Changpeng Zhao announced his resignation as CEO of Binance after leading the cryptocurrency exchange since its inception. This news comes on the heels of a settlement with US regulators over Binance’s regulatory violations. Despite the fact that no customer funds embezzlement or market manipulation were alleged, he pleaded guilty to lesser charges, accepting a $175 million fine and a maximum sentence of 18 months. CZ has…

Coinbase CEO Says It’s Time to See What Lies Ahead after Binance Settlement

Armstrong emphasized the significant role of various crypto companies in shaping the global crypto economy and transforming the financial system, particularly noting the prevalence of smaller startups. He underscored the importance of regulatory clarity, anticipating that it would contribute to increased investment, particularly from institutional sources. Last week, the US Department of Justice imposed a $4 billion settlement on Binance, leading to the resignation of its founder and CEO, Changpeng Zhao, who pleaded guilty to charges related to money laundering violations. The government alleged that Binance violated the US Bank…

Seattle Judge Orders Binance Ex-CEO to Stay within US Jurisdiction Pending His February Sentencing

With the United States lacking an extradition treaty with the UAE, Seattle Judge Richard Jones ordered that CZ must remain with the country for the time being before he determines where the crypto billionaire is a flight risk. Despite pleading guilty to all charges and paying a hefty bond to reassure the United States Department of Justice, Binance Holdings Ltd former Chief Executive Officer Changpeng Zhao (CZ) will not be returning to the United Arab Emirates (UAE) soon, after District Judge Richard Jones reviewed the decision by Magistrate Judge Brian…

Binance, CZ paid for defying financial, political status quo: Arthur Hayes

The explosive growth and success of Binance outside of the control of traditional financial and political establishments led to heavy-handed enforcement actions against the exchange, according to former BitMEX CEO Arthur Hayes.  Hayes delved into the recent $4.3 billion settlement paid out by Binance in a lengthy Substack blog. This comes after the exchange and its founder, Changpeng “CZ” Zhao, admitted to violating United States laws around money laundering and terror financing. As Hayes highlights, CZ’s global exchange became the largest by trading volume in the six years since its…

Coinbase (COIN) Stock Soars to 18-Month High as Investors Crypto Interest Grows despite Binance Legal Issues

COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high. Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has seen its stock price climb over 250% so far this year. This brings the company close to its valuation from before the massive crypto crash of 2022. Last year’s cryptocurrency decline started with the implosion of TerraUSD, a so-called “stablecoin” whose value was…

Coinbase shares hit 18-month high after Binance charges

boss

Crypto exchange Coinbase (COIN) shares have hit an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and sanctions violations in the United States. On Nov. 27, Coinbase closed at $119.77, its highest since May 5, 2022, when it closed at $114.25, according to TradingView data. It has seen little movement in after-hours trading. The number puts Coinbase shares up around 256.5% year-to-date, although is still down 65% from its Nov. 12, 2021, all-time high of nearly $343. Coinbase share price since…

Tornado Cash token falls 57% after Binance announces delisting

boss

The governance token for crypto mixer Tornado Cash (TORN) has fallen by over 50% on Nov. 26-27, according to data from Coingecko. The crash came on the same day that crypto exchange Binance announced it was delisting the token. Tornado Cash 24-hour chart. Source: Coingecko. Tornado Cash is a cryptocurrency mixing protocol. Its token, TORN, is used to vote on proposals for upgrading the protocol. On Nov. 26-27, the token took a nosedive, falling from $3.90 to just $1.66, a decline of 57%. The price decline happened as the world’s…