“I failed here,” Zhao said before US District Judge Richard A. Jones issued the sentence. “I deeply regret my failure, and I am sorry.” Ex-Binance CEO Changpeng Zhao arrives at federal court in Seattle, Washington, on Tuesday. Photo: Bloomberg The three-year prison term prosecutors sought was more than twice the guideline range for the crime. … Read more
The federal government of Nigeria on Monday initiated criminal proceedings against Binance, a leading cryptocurrency exchange platform. The Federal Inland Revenue Service (FIRS) on Monday announced the charges filed at the Federal High Court in Abuja. In a statement signed by Dare Adekanmbi, the special adviser on media to the executive chairman of the FIRS, … Read more
Binance withdraws Abu Dhabi licence application as crypto exchange deems it ‘not necessary’ Binance announced the withdrawal of a licence application in Abu Dhabi just over two weeks into the tenure of CEO Richard Teng, who faces the task of reshaping the company after its guilty pleas to US charges. “When assessing our global licensing … Read more
