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It's been an eventl week for crypto exchanges and the U.S. government. Changpeng Zhao, also known as "CZ," the founder and CEO of Binance, is stepping Binance to pay $4.3B in fines and CEO U.S. regulators sued Binance, saying the world's largest crypto trading platform misled investors and regulators. The accusations were part of 13 charges unveiled by the SEC. Changpeng Zhao leaves a halfway house on Friday. He has pledged himself to philanthropy but the pull of business will be strong. Unlock the secrets of cryptocurrency and blockchain! đź’ˇ At CryptoPulseInsights, we deliver daily updates, market trends, and in-depth ysis to help you nav Behind the scenes, Yi He is an influential power broker in the $1.2 trillion crypto market. Now, the firm she helped start with Changpeng "CZ" Zhao is under threat from
regulators. Binance's founder will follow Bankman-Fried to prison—but their fates couldn't be more different BY Jeff John Roberts Former Binance CEO Changpeng Zhao leaves the U.S. District Court in U.S. District Judge Richard A. Jones credited the founder and former CEO of Binance for taking responsibility for his wrongdoing. Zhao, 47, pleaded guilty in November to one count of failing to maintain an anti-money-laundering program. Binance agreed to pay $4.3 billion to settle related allegations from the U.S. government. The 2018 doent details plans for a yet-unnamed U.S. company dubbed the "Tai Chi eny," in an allusion to the Chinese martial art whose approach is built around the principle of "yield The rival crypto exchange Binance briefly explored acquiring FTX before it collapsed in late 2022. Its founder and
former CEO Changpeng Zhao, was sentenced last week to four months in prison for looking the other way as criminals used the platform to move money connected to child abuse, drug trafficking and terrorism. Binance.com business is the same individual who beneficially owns these legal enies. The conduct described herein relates to the operation of the Binance.com CVC exchange, and the term Binance is generally used to refer to this business. In certain instances, this Order uses Binance's "doing business as" name of Binance.com, primarily to
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