CZ

DOJ Claims Former Binance CEO CZ Is a 'Flight Risk That Could Be Managed'

The U.S. Department of Justice doesn't want Changpeng 'CZ' Zhao locked up until sentencing, but it doesn't want him to leave the United States either, arguing in a new filing...

By CoinDesk Staff

Nov 27, 2023 at 4:53 p.m. UTC

Nov 27, 2023

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Policy

Binance

Binance's Changpeng 'CZ' Zhao Is a Manageable Flight Risk: U.S. DOJ

The U.S. Department of Justice (DOJ) argues that Binance's former CEO should remain free until sentencing – but only in the U.S.

By Sam Reynolds

Nov 27, 2023 at 5:08 a.m. UTC

Nov 27, 2023

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Binance CEO Changpeng Zhao leaves the U.S. District Court in Seattle, Washington. (David Ryder/Getty Images)

Policy

Regulations

Binance's Ex-CEO CZ 'Poses a Serious Risk of Flight,' Prosecutors Claim in Asking He Stay in U.S.

Zhao pleaded guilty to one charge of violating the Bank Secrecy Act on Tuesday.

By Nikhilesh De

Nov 23, 2023 at 4:13 a.m. UTC

Nov 23, 2023

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Video

Binance

Binance 'Can Survive' $4B Settlement, Says Legal Expert

Binance and its now former CEO Changpeng 'CZ' Zhao pleaded guilty Tuesday to anti-money laundering and U.S. sanctions violations in a settlement with the U.S. government. Hayn...

By CoinDesk Staff

Nov 22, 2023 at 4:10 p.m. UTC

Nov 22, 2023

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

Video

Bitcoin

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

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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

Binance

Binance Processes Nearly $1B in Net Outflows as Changpeng ‘CZ’ Zhao Resigns

Data shows the exchange sits on over $67 billion worth of tokens, easing concerns of a possible bank run.

By Shaurya Malwa

Nov 22, 2023 at 8:03 a.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