Back to businessFormer Binance chief executive Changpeng Zhao has been sentenced to four months in jail after pleading guilty to failing to establish adequate money laundering controls. The former co-founder of the cryptocurrency exchange had spent the past five months travelling the US andlaying the...
As aliquidity crisisat FTX became apparent, Binance CEO Changpeng “CZ” Zhao announced a nonbinding letter of intent to buy FTX. After a day of due diligence, however, Binance opted out. Zhao shared that the financial situation was too dire for a cost-effective fix.21 At the same time,...
Binance was founded in 2017 by Changpeng Zhao - a.k.a. CZ - and quickly rose to prominence because of its low trading fees and quite a wide array of available tokens. Things change rather quickly as currently Binance is undoubtedly the largest crypto exchange with the highest trading volum...
Sources: Binance CEO Changpeng Zhao met with investors in Abu Dhabi last week to raise money for a crypto industry recovery fund More: Forkast, Coinspeaker, and Watcher Guru Tweets: @cz_binance, @tier10k, @silvermanjacob, @silvermanjacob, @concodanomics, and @jeffnolan Eleanor Olcott / Finan...