News Explorer — Binance Founder CZ Starts Four-Month Prison Term

Generated by AI, curated by humans

Jun 3, 5:33 pm

Coindesk

Binance Founder CZ Starts Four-Month Prison Term

Binance founder Changpeng "CZ" Zhao has begun serving a four-month prison sentence in California for failing to implement a proper KYC program at the exchange. Zhao, with a net worth of $36.5 billion, is the richest person to go to prison in the U.S. He was also fined $50 million and stepped down as Binance's CEO.

Binance founder Changpeng "CZ" Zhao has begun serving a four-month prison sentence in California for failing to implement a proper KYC program at the exchange. Zhao, with a net worth of $36.5 billion, is the richest person to go to prison in the U.S. He was also fined $50 million and stepped down as Binance's CEO.

Latest

Jan 16, 5:59 am

Decrypt

Bitcoin's Market Behavior Is Now More Influenced by US Policy Signals

The shift towards political announcements driving market movements over internal metrics is evident in Bitcoin's lagging... Read Summary

Jan 16, 5:01 am

Decrypt

Nexo Fined $500,000 for Unlicensed Loans in California

Nexo has been fined $500,000 by California regulators for issuing unlicensed loans to over 5,000 state residents, leadin... Read Summary

Jan 16, 3:20 am

Decrypt

Utah Man Sentenced to 3 Years for Defrauding Investors in Unlicensed Cash-to-Crypto Scheme

Brian Garry Sewell, a Utah man, received a three-year federal prison sentence for defrauding investors of nearly $3 mill... Read Summary

Jan 15, 10:46 pm

Decrypt

Democrats Question SEC's Handling of Crypto Enforcement, Justin Sun

Rep. Maxine Waters and other lawmakers criticized the SEC for its handling of enforcement actions against crypto firms,... Read Summary

Jan 15, 5:00 pm

Decrypt

CME Group to Launch Cardano, Chainlink, and Stellar Futures Contracts

CME Group plans to introduce futures contracts for Cardano, Chainlink, and Stellar on February 9, pending regulatory app... Read Summary

Jan 15, 4:32 pm

Decrypt

Tom Lee's Ethereum Treasury BitMine Invests $200 Million in MrBeast's Beast Industries

BitMine Immersion Technologies, chaired by Tom Lee, announced a $200 million investment in Beast Industries, founded by... Read Summary

Jan 15, 4:12 pm

Decrypt

Kaito Kills Yaps as Token Plunges Following X's Move to Eliminate 'Reply Spam'

X is cracking down on apps that incentivize users to post on the platform, causing a drop in the price of Kaito's token... Read Summary

Jan 15, 3:36 pm

Decrypt

DeadLock Ransomware Utilizes Ethereum Network Polygon, Posing a Potential Threat

Group-IB warned about a new ransomware strain, DeadLock, using Polygon smart contracts for proxy server rotation. The ma... Read Summary

Jan 15, 3:18 pm

Coindesk

Ripple's $150 Million Financing to LMAX Group Aims to Boost RLUSD Adoption in Institutional Trading

Ripple is providing $150 million to LMAX Group to integrate its RLUSD token into the exchange's infrastructure, aiming t... Read Summary

Jan 15, 3:07 pm

Decrypt

MetaMask Now Supports Tron, Bitcoin and Solana, Expanding From Ethereum Core

MetaMask has expanded its support to include the Tron blockchain, allowing users to manage Tron-based assets and interac... Read Summary

Jan 15, 3:00 pm

Decrypt

Bank of America CEO Warns of $6 Trillion Shift From Bank Deposits to Stablecoins

Bank of America's CEO predicts that interest-bearing stablecoins could divert $6 trillion from bank deposits, potentiall... Read Summary

Jan 15, 12:57 pm

Decrypt

Solana ETFs Add $23 Million for Best Day in a Month

Solana's ETFs experienced a significant inflow of $23.57 million, the highest in four weeks, indicating potential moment... Read Summary

Jan 15, 11:47 am

Coindesk

Societe Generale's SG-FORGE and Swift Collaborate on Settling Tokenized Bonds Using MiCA-Compliant Stablecoin

SG-FORGE, the cryptocurrency arm of Societe Generale, collaborated with Swift to settle tokenized bonds using their MiCA... Read Summary

Jan 15, 10:46 am

Coindesk

Startup Raises $20 Million to Help Blockchain Networks Like Bitcoin, Solana Face Quantum Threat

Project Eleven, a startup led by a former U.S. Special Forces officer, secured a $20 million Series A funding round with... Read Summary

Jan 15, 10:24 am

Decrypt

Bitcoin's Potential Parabolic Move Mirrors Gold's Historical Surge, Driven by Sustained Buying Pressure: Analysts

Bitwise's CIO draws parallels between Bitcoin ETFs and gold's historical surge, suggesting a potential parabolic move fo... Read Summary