SEC and Binance.US to negotiate deal avoiding total asset freeze
U.S. District Judge Amy Berman Jackson has ordered the two entities to work towards a compromise. Go to Source Powered by WPeMatico
Changpeng Zhao
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SEC and Binance seek compromise on US assets freeze
Binance.US would have to transfer all U.S.-based assets to new wallets but would be allowed to pay its bills under a proposed consent order. Go to Source Powered by WPeMatico
Binance CEO CZ responds as data points to billions in exchange outflows
Data analytics platforms have reported billions of dollars in outflows from Binance over the last week, but this can be misinterpreted, argues Changpeng Zhao. Go to Source Powered by WPeMatico
SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’
The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his lawyers on his behalf. Go to Source Powered by WPeMatico
US District Court issues summons for Binance CEO Changpeng Zhao over SEC action
According to the summons, CZ’s current residential address is in the Mediterranean island nation of Malta. Go to Source Powered by WPeMatico
SEC lawsuit claims Binance.US, Changpeng Zhao put customer funds ‘at significant risk’
One of the latest SEC filings in its lawsuit against Binance claims billions of customer funds are at the “mercy” of Binance CEO Changpeng Zhao. Go to Source Powered by WPeMatico
SEC files motion for restraining order against Binance
The SEC has accused Binance of mishandling funds and operating an unregistered securities exchange. Go to Source Powered by WPeMatico
Binance plans new round of layoffs amid increased regulatory scrutiny
Binance’s chief strategy officer Patrick Hillmann hinted on Twitter the resource reorganization is meant to address growing regulatory pressures targeting the crypto space. Go to Source Powered by WPeMatico
Buying a bank won’t solve crypto’s debanking issue: Binance CEO
CZ highlighted examples such as regulatory complexity and capital requirements as reasons why he isn’t keen on Binance buying a bank. Go to Source Powered by WPeMatico
Binance.US seeking to cut Changpeng Zhao’s majority stake: Report
Changpeng Zhao is the crypto exchange’s founder, majority owner and chair. He is also the CEO and co-founder of the global crypto exchange, Binance. Go to Source Powered by WPeMatico
