Changpeng Zhao

Binance Processes Nearly $1B in Net Outflows As CEO CZ Resigns

Bitcoin (BTC) is hovering below $36,600 as Changpeng 'CZ' Zhao stepped down from his role as CEO of Binance, the world's largest crypto exchange, and pleaded guilty to violati...

By CoinDesk Staff

Nov 22, 2023 at 3:56 p.m. UTC

Nov 22, 2023

BitcoinBinanceChangpeng ZhaocdtvCZbtcFM ClipKaikoClara Medalie

Video

Binance

Legal Expert on What Binance, CZ Woes Mean For Crypto Industry

Binance, the world's largest crypto exchange, has agreed to pay $4.3 billion to settle allegations it broke sanctions and money-transmitting laws. Founder Changpeng "CZ" Zhao...

By CoinDesk Staff

Nov 22, 2023 at 3:53 p.m. UTC

Nov 22, 2023

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Markets

Bitcoin

Bitcoin and BNB Recover as Binance Plea Seen Boosting Spot ETF Odds

Some observers believe Binance's downfall has boosted the spot-ETF approval odds.

By Sam Reynolds

Nov 22, 2023 at 4:27 a.m. UTC

Nov 22, 2023

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(Photos from Smorshedi/Wikimedia Commons and CoinDesk/Flickr, modified by CoinDesk)

Opinion

Is Binance Big Enough to Survive a $4.3B Fine and Founder CZ’s Ousting?

The "historic" settlement with the DOJ, CFTC and U.S. Treasury many finally allow the firm to come into compliance. But if it does, can the world's largest crypto exchange sti...

By Daniel Kuhn

Nov 22, 2023 at 1:42 a.m. UTC

Nov 22, 2023

OpinionBinanceCZChangpeng ZhaoDOJSECTreasuryCrimeExchangesCulture

Changpeng Zhao speaking at Consensus 2022. (Shutterstock/CoinDesk)

Policy

Regulations

Binance Founder Changpeng 'CZ' Zhao Released on $175M Bond, Will Be Sentenced in February

Binance settled charges with the DOJ, agreeing to pay $4.3 billion.

By Nikhilesh De

Nov 22, 2023 at 12:42 a.m. UTC

Nov 22, 2023

RegulationsBinanceCZChangpeng ZhaoDOJ

U.S. Attorney General Merrick Garland discusses the Binance case on Nov. 21, 2023 (Jesse Hamilton/CoinDesk)

Policy

Regulations

Binance to Make 'Complete Exit' From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement

The crypto exchange, which is settling charges with the Department of Justice, will appoint a monitor as well.

By Nikhilesh De

Nov 21, 2023 at 8:37 p.m. UTC

Nov 21, 2023

RegulationsBinanceChangpeng Zhao

Finance

Binance

Binance Founder CZ's Wealth Falls About $12B as Trading Revenue Slumps: Bloomberg

Changpeng Zhao's wealth dropped to $17.2 billion as trading revenue declined.

By Jamie Crawley

Oct 27, 2023 at 3:07 p.m. UTC

Oct 27, 2023

BinanceCZChangpeng Zhao

Kevin O'Leary (Michael Kovac/Getty Images)

Finance

Ftx

TV's Kevin O’Leary: ‘All the Crypto Cowboys Are Going to Be Gone Soon’

O’Leary, an entrepreneur and television personality, was paid $15 million by FTX for “20 service hours, 20 social posts, one virtual lunch and 50 autographs,” according to Mic...

By Sam Reynolds

Oct 3, 2023 at 6:30 p.m. UTC

Oct 3, 2023

FTXCZSam Bankman-FriedBinanceChangpeng ZhaoMichael lewis

Finance

Binance

Binance Says SEC’s Request for Depositions Is ‘Overbroad’ and 'Unduly Burdensome'

Binance says the SEC has no evidence to support its allegations that imply investor assets have been wrongfully diverted

By Sam Reynolds

Sep 12, 2023 at 5:04 a.m. UTC

Sep 12, 2023

BinanceBinance USChangpeng "CZ" ZhaoChangpeng ZhaoSECSecurities and Exchange Commission

Finance

Binance

Binance Nearly Shuttered U.S. Exchange to Protect Global Operations: The Information

As investigations loomed, the board of directors of Binance.US voted on whether to liquidate the company but could not come to a unanimous decision, The Information reported.

By Rosie Perper

Aug 2, 2023 at 12:19 a.m. UTC

Aug 2, 2023

BinanceCZChangpeng ZhaoNewsBinance US