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1. dailyhodl.com › 2024/08/21 › binance-and-ex-ceoBinance and Ex-CEO Changpeng Zhao Sued in Lawsuit Alleging ...

   dailyhodl.com › 2024/08/21 › binance-and-ex-ceo

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   Aug 21, 2024 · According to a new class action, Binance willfully neglected to register itself with the proper authorities and failed to maintain adequate anti-money laundering protocols as a means of earning profits from the US markets.

2. www.ccn.com › news › cryptoBinance and CZ Hit With Class Action Lawsuit for Failing to ...

   www.ccn.com › news › crypto

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   Aug 21, 2024 · As part of the settlement, Binance admitted guilt to US anti-money laundering (AML) violations and sanctions laws. Additionally, Changpeng ‘CZ’ Zhao, the founder of Binance, resigned as CEO and entered a guilty plea for one violation of anti-money laundering regulations.

3. Videos

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     aljazeera.com

     Binance crypto exchange founder to step down amid US illicit finance probe

     21 Nov 2023

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     0:43

     youtube.com

     Justice Department Announces Binance Founder's Guilty Money Laundering Plea

     21 Nov 2023

     5.2K views

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     4:34

     youtube.com

     Binance chief Changpeng Zhao pleads guilty to money laundering charges - BBC New

     22 Nov 2023

     20.2K views

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4. www.nasdaq.com › articles › binance-hit-new-lawsuitBinance Hit with New Lawsuit Alleging Crypto Money Laundering

   www.nasdaq.com › articles › binance-hit-new-lawsuit

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   Aug 21, 2024 · The lawsuit, spearheaded by three crypto investors, accuses Binance of facilitating the laundering of stolen cryptocurrency, making it impossible for the rightful owners to recover their assets.

5. www.financemagnates.com › cryptocurrency › classClass Action Lawsuit against Binance and Changpeng Zhao ...

   www.financemagnates.com › cryptocurrency › class

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   Aug 21, 2024 · The settlement with the Justice Department included a simultaneous guilty plea to violations of US anti-money laundering (AML) and sanctions laws. Zhao, the exchange's founder, also stepped down as CEO and pleaded guilty to one count of violating anti-money laundering rules.

6. cryptonews.com › news › binance-and-changpeng-zhaoBinance and Changpeng Zhao Hit with New Class Action Lawsuit ...

   cryptonews.com › news › binance-and-changpeng-zhao

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   Aug 21, 2024 · The lawsuit further contends that Binance, under Zhao’s leadership, operated as an unlicensed money-transmitting business, willfully ignoring anti-money laundering (AML) requirements. The plaintiffs claim this negligence facilitated illicit activities, turning Binance into a hub for laundering stolen cryptocurrencies.

7. beincrypto.com › binance-faces-new-lawsuitBinance and CZ Charged For Allowing Money Laundering - BeInCrypto

   beincrypto.com › binance-faces-new-lawsuit

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   Aug 21, 2024 · The world’s largest crypto trading platform, Binance, and its founder and former CEO, Changpeng Zhao (CZ), are facing class action plaintiffs in Seattle Federal Court over alleged money laundering. CZ is currently serving a four-month sentence after reaching a deal with the US Department of Justice (DOJ) earlier this year.

8. People also ask

   Who is Binance's co-founder and CEO?

   • Binance's co-founder and CEO Changpeng Zhao was named in a civil case filed by the Commodity Futures Trading Commission. The Commodity Futures Trading Commission sued crypto exchange operator Binance and its co-founder and CEO Changpeng Zhao, saying they violated rules that require futures and derivatives to be traded on regulated platforms.

   Binance and CEO Face CFTC Lawsuit Over Regulatory Violations

   www.barrons.com/articles/crypto-binance-ceo-cftc-lawsuit-b235d6e5

   See all results for this question

   Did Binance & CZ violate US money laundering laws?

   • Binance and CZ face a class-action lawsuit in Seattle over alleged money laundering involving stolen crypto assets. CZ, Binance's ex-CEO, is serving a four-month prison sentence for violating US money laundering laws, due for September release.

   Binance and CZ Charged For Allowing Money Laundering - BeInCrypto

   beincrypto.com/binance-faces-new-lawsuit/

   See all results for this question

   Is Binance being sued for money laundering?

   • The world’s largest crypto exchange by volume and its founder are being named as defendants in a new money laundering lawsuit. According to a new class action, Binance willfully neglected to register itself with the proper authorities and failed to maintain adequate anti-money laundering protocols as a means of earning profits from the US markets.

   Binance and Ex-CEO Changpeng Zhao Sued in Lawsuit Alleging Money

   dailyhodl.com/2024/08/21/binance-and-ex-ceo-changpeng-zhao-sued-in-lawsuit-alleging-money-laundering/

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   What if Binance's alleged money laundering lawsuit proceeds into discovery?

   • The latest lawsuit could have broad implications for crypto regulation and industry practices if it proceeds into discovery. The world’s largest crypto trading platform, Binance, and its founder and former CEO, Changpeng Zhao (CZ), are facing class action plaintiffs in Seattle Federal Court over alleged money laundering.

   Binance and CZ Charged For Allowing Money Laundering - BeInCrypto

   beincrypto.com/binance-faces-new-lawsuit/

   See all results for this question

9. regtechtimes.com › changpeng-zhao-and-binance-faceChangpeng Zhao and Binance Face Lawsuit Over Alleged Money ...

   regtechtimes.com › changpeng-zhao-and-binance-face

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   Aug 21, 2024 · The lawsuit, initiated by three crypto investors, accuses Changpeng Zhao and Binance of facilitating the laundering of their stolen cryptocurrency. The plaintiffs allege that their assets, once stolen, were channeled through Binance by the thieves, making them untraceable.