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- Changpeng Zhao, the founder of Binance, has been permanently banned from managing the cryptocurrency exchange due to regulatory violations. Zhao stepped down as CEO in a deal with US authorities and is currently serving a prison sentence while also paying a $50 million fine.
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3 days ago · Changpeng Zhao’s lifetime ban from Binance introduces a potent blend of uncertainty and potential disruption within the crypto sphere. His lingering shareholder influence and the settlement’s vague terms could spark future legal and operational twists, impacting Binance’s trajectory and the broader market.
6 days ago · Changpeng “CZ” Zhao, expected to be released by United States prison authorities in a few weeks, could be permanently enjoined from operating or managing the crypto exchange Binance as part of ...
2 days ago · Binance CEO Richard Teng has confirmed that former CEO, Changpeng Zhao, is banned from managing or operating the company. However, Zhao retains influence as Binance’s largest shareholder, with the ability to impact board decisions and corporate direction. Zhao is set to complete his four-month prison sentence later this month.
Sep 4, 2024 · Binance has barred former CEO Changpeng Zhao for life from running the company, but he will still have a powerful say in the company as its majority shareholder. Why it matters : Binance's November plea agreement with the Department of Justice left plenty of room for interpretation when it said Zhao had been barred from " managing or operating ...
Aug 22, 2024 · Changpeng “CZ” Zhao still has 38 days before his expected release from custody, but records show authorities have transferred the former Binance CEO to an administrative facility in the Greater...
2 days ago · Binance CEO Changpeng “CZ” Zhao said the decision to liquidate the exchange’s FTT position was driven by risk management concerns following the collapse of the Terra (LUNA) stablecoin ...
2 days ago · Changpeng Zhao became crypto’s richest person while evading sanctions laws. His pleading guilty to money laundering charges is unlikely to change that–at least for now.