Changpeng Zhao

Court approves $2.7B settlement between CFTC and Binance

A federal court has directed Binance to pay a $2.7B penalty to the Commodity Futures Trading Commission (CFTC), bringing an end to the legal feud between the regulator and the crypto exchange.

Changpeng Zhao steps down as CEO of Binance

Changpeng Zhao has resigned as the CEO of Binance and pleaded guilty to the AML violations brought to light by the US Department of Justice.

Binance.US CEO quits while the firm cuts one-third of its workforce

Binance.US CEO Brian Shroder has left the exchange while its regulatory troubles show no sign of letting up. Norman Reed, the Chief Legal Officer of Binance.US, will succeed Shroder as the interim CEO.

Binance seeks to file motion to dismiss CFTC charges

Binance and its CEO Changpeng Zhao intend to file a motion with the court to dismiss the CFTC’s complaint. 

US law firms file $1B lawsuit against Binance

Boies Schiller Flexner and Moskowitz Law Firm sued Binance, its CEO Changpeng Zhao, and three crypto influencers for unlawful promotion of unregistered securities.

Binance.US halts OCBS and stablecoin pairs for BUSD

Binance.US temporarily suspended One Common Billing System (OCBS) transactions for Binance USD.

Binance CEO denies the allegations made by CFTC’s complaint

Binance CEO Changpeng Zhao denied the accusations made by the CFTC's complaint. According to him, the regulatory agency's complaint was an “incomplete recitation of facts."

CFTC sues Binance for violating federal laws

The Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and its CEO, Changpeng Zhao, over alleged violations of federal laws.

Binance temporarily suspends spot trading

Binance temporarily suspended deposits, withdrawals, and spot trading services due to a bug affecting its trading engine.

Binance CEO denies severing ties with US business partners

Binance CEO Changpeng Zhao dismissed reports about the exchange ending relationships with US business partners due to pressure from regulators.

Binance mints 50M TUSD tokens following regulatory action against BUSD

Binance has minted nearly 50M TrueUSD tokens after the NYDFS ordered Paxos to cease issuing Binance USD.

Binance is prepared to pay penalties for past conduct

Binance is ready to pay monetary penalties to US regulators to make amends for past regulatory violations. The exchange claims it grew quickly and was unaware of the laws and regulations to prevent money laundering and corruption.

Binance CEO says crypto industry may switch to non-USD stablecoins

Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.

New York regulator orders Paxos to stop issuing BUSD

NYDFS has ordered Paxos to stop issuing new BUSDs. This action by the regulator might cause a decrease in the BUSD market cap over time and users' migration to other stablecoins. 

Binance deploys zk-SNARKs on its proof-of-reserve system

Binance has integrated zk-SNARKs into its PoR system. This is a continued effort to promote transparency in the industry and regain users’ trust. Also, four tokens were added to the system. 

Binance To Re-Enter South Korea By Acquiring Gopax

Binance is reportedly in the process of purchasing a 41.2% stake in the South Korean crypto exchange, Gopax.

Binance CEO Cautions Users About “Widespread” API Key Leaks From 3Commas

Changpeng Zhao warned Binance users to disable 3Commas API keys following several reports of API key leaks from 3Commas.

Binance.US Set to Acquire Voyager Digital's Assets for $1 Billion

Binance.US is set to complete the acquisition of bankrupt crypto lender voyager.

Binance CEO Cautions Against Holding Crypto In Self-Custody As The Exchange’s Weekly Outflows Top $3.66B

In a recent Twitter Space discussion, Changpeng Zhao claimed that investors are more likely to lose their crypto assets by keeping them in private wallets instead of centralized exchanges. 

Binance.US Launches Zero-Fee Payment Service For Mobile App Users

Binance.US added support for “Pay,” a service that allows users to instantly settle crypto payments without paying gas or transaction fees.

Binance Transfers 127K Bitcoin To An Unknown Wallet As Part Of Proof-Of-Reserves Audit

After Binance moved 127K Bitcoin tokens to an unknown wallet, Changpeng Zhao claimed that the transaction was a part of the exchange's Proof-of-Reserves (PoR) audit.

Binance Commits $1B As Recovery Fund For Distressed Crypto Companies

Binance has pledged $1B as an industry recovery fund for distressed crypto companies. The fund established by the exchange will help provide financial support and serve as an avenue for restoring confidence in Web3.

Singapore Police Investigates Binance For Disobeying Local Payment Service Rules

Binance is on the radar of the Singapore police for a possible breach of local payment services rules. The exchange has been accused of actively soliciting its Singapore users, regardless of not being licensed in the country.

Binance To Launch Industry Recovery Fund To Support Troubled Crypto Ventures

Binance seeks to set up an Industry Recovery Fund to aid crypto projects that are under the threat of a liquidity crunch.

Binance Publicly Shares Major Asset Holdings To Improve Transparency

Binance has disclosed its major asset holdings to the public to improve transparency and foster trust in the industry. The company is making this move the cushion the effects of the FTX bank run.

Binance Terminates FTX-Bailout Deal

Binance has pulled out of its agreement to purchase FTX after going through the latter's finances.

Crypto Exchanges Agree With Changpeng Zhao’s Proposal To Publish Proof-Of-Reserves

Several prominent crypto exchanges, including OKX, Bybit, and KuCoin, have announced their plans to publish Proof-of-Reserves to provide full transparency to their customers.

Binance Considers Pulling Out Of FTX-Takeover Deal

Binance is reportedly considering terminating its acquisition deal with FTX less than a day after signing a non-binding LOI to “save” FTX from a liquidity crunch.

FTX Bank Run: An Unexpected Turn Of Events

This article covers what led to the downfall of FTX, the lessons, and the potential winners and losers of this event.

Binance’s Acquisition Of FTX Causes Crypto Prices To Plummet

The Binance-FTX acquisition deal sparked liquidity fears in the crypto community, causing huge selloffs and wild fluctuations in the prices of crypto assets.

BlockFi Says Products Are Fully Functional Amidst The Binance-FTX Deal

BlockFi has stated that all its products remain fully functional regardless of the Binance-FTX deal. The lending firm, which was supposed to be acquired by FTX, will now run as an independent entity until at least July 2023.

Binance Agrees To Purchase FTX By Signing Non-Binding Letter Of Intent

According to the latest set of tweets by the CEOs of Binance and FTX, the two exchanges have reached an agreement wherein Binance will “fully acquire” FTX.

Japan To Ease Screening Process For Listing Virtual Tokens

Japanese regulators plan to ease regulations to allow registered crypto exchanges to list digital tokens without undergoing a long screening process.

Binance Halts BNB Smart Chain Following Over $100M Cross-Chain Bridge Exploit

Binance has halted its BNB Smart Chain (BSC) due to a $100 million to $110 million exploit on its cross-chain bridge. Binance CEO, Changpeng Zhao, confirms the situation has been contained, and users' funds are safe.

Binance Officially Launches Ethereum Proof-of-Work Mining Pool

Binance has officially launched mining services for Ethereum PoW miners. It is running a one-month promotion in which miners can enjoy zero fees on all earnings. However, this does not guarantee the listing of ETHW.

Binance Seeks To Resume Operations In Japan

After suspending services in Japan in 2018, Binance now seeks a license to resume its operations. Binance's renewed interest in operating in Japan is due to the nation softening its stance on crypto.

WazirX Joins Binance To Delist USDC And Other Stablecoins

WazirX has announced the delisting of three stablecoins: USDC, USDP, and TUSD, and their auto-conversion to Binance USD. Like Binance, WazirX believes this move would help enhance liquidity and capital efficiency.

CZ Binance Supports Biden’s Regulatory Policy

In light of the new crypto regulations by the US Presidency, CZ Binance has shown his support for the policy. Zhao stated the new policy's positive effects would help drastically eliminate illicit activities.

Binance US Launches High-Yield Ethereum Staking Ahead Of Ethereum Merge

With the anticipated happening of the Merge event, Binance US has launched a high-yield staking product for users. But there is a caveat stating that rewards may change depending on factors like transaction fees.

Binance To Stop Supporting USDC And Other Stablecoins By September 29

In the coming weeks, Binance would stop supporting USDC and other stablecoins in a bid to increase liquidity. This doesn't mean that they are delisting these tokens as users can still deposit and withdraw them.

Latest News

Binance.US halts OCBS and stablecoin pairs for BUSD

Binance.US temporarily suspended One Common Billing System (OCBS) transactions for Binance USD.

Binance CEO denies the allegations made by CFTC’s complaint

Binance CEO Changpeng Zhao denied the accusations made by the CFTC's complaint. According to him, the regulatory agency's complaint was an “incomplete recitation of facts."

CFTC sues Binance for violating federal laws

The Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and its CEO, Changpeng Zhao, over alleged violations of federal laws.

Binance temporarily suspends spot trading

Binance temporarily suspended deposits, withdrawals, and spot trading services due to a bug affecting its trading engine.

Binance CEO denies severing ties with US business partners

Binance CEO Changpeng Zhao dismissed reports about the exchange ending relationships with US business partners due to pressure from regulators.

Binance mints 50M TUSD tokens following regulatory action against BUSD

Binance has minted nearly 50M TrueUSD tokens after the NYDFS ordered Paxos to cease issuing Binance USD.

Binance is prepared to pay penalties for past conduct

Binance is ready to pay monetary penalties to US regulators to make amends for past regulatory violations. The exchange claims it grew quickly and was unaware of the laws and regulations to prevent money laundering and corruption.

Binance CEO says crypto industry may switch to non-USD stablecoins

Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.

New York regulator orders Paxos to stop issuing BUSD

NYDFS has ordered Paxos to stop issuing new BUSDs. This action by the regulator might cause a decrease in the BUSD market cap over time and users' migration to other stablecoins. 

Binance deploys zk-SNARKs on its proof-of-reserve system

Binance has integrated zk-SNARKs into its PoR system. This is a continued effort to promote transparency in the industry and regain users’ trust. Also, four tokens were added to the system. 

Binance To Re-Enter South Korea By Acquiring Gopax

Binance is reportedly in the process of purchasing a 41.2% stake in the South Korean crypto exchange, Gopax.

Binance CEO Cautions Users About “Widespread” API Key Leaks From 3Commas

Changpeng Zhao warned Binance users to disable 3Commas API keys following several reports of API key leaks from 3Commas.

Binance.US Set to Acquire Voyager Digital's Assets for $1 Billion

Binance.US is set to complete the acquisition of bankrupt crypto lender voyager.

Binance CEO Cautions Against Holding Crypto In Self-Custody As The Exchange’s Weekly Outflows Top $3.66B

In a recent Twitter Space discussion, Changpeng Zhao claimed that investors are more likely to lose their crypto assets by keeping them in private wallets instead of centralized exchanges. 

Binance.US Launches Zero-Fee Payment Service For Mobile App Users

Binance.US added support for “Pay,” a service that allows users to instantly settle crypto payments without paying gas or transaction fees.

Binance Transfers 127K Bitcoin To An Unknown Wallet As Part Of Proof-Of-Reserves Audit

After Binance moved 127K Bitcoin tokens to an unknown wallet, Changpeng Zhao claimed that the transaction was a part of the exchange's Proof-of-Reserves (PoR) audit.

Binance Commits $1B As Recovery Fund For Distressed Crypto Companies

Binance has pledged $1B as an industry recovery fund for distressed crypto companies. The fund established by the exchange will help provide financial support and serve as an avenue for restoring confidence in Web3.

Singapore Police Investigates Binance For Disobeying Local Payment Service Rules

Binance is on the radar of the Singapore police for a possible breach of local payment services rules. The exchange has been accused of actively soliciting its Singapore users, regardless of not being licensed in the country.

Binance To Launch Industry Recovery Fund To Support Troubled Crypto Ventures

Binance seeks to set up an Industry Recovery Fund to aid crypto projects that are under the threat of a liquidity crunch.

Binance Publicly Shares Major Asset Holdings To Improve Transparency

Binance has disclosed its major asset holdings to the public to improve transparency and foster trust in the industry. The company is making this move the cushion the effects of the FTX bank run.

Binance Terminates FTX-Bailout Deal

Binance has pulled out of its agreement to purchase FTX after going through the latter's finances.

Crypto Exchanges Agree With Changpeng Zhao’s Proposal To Publish Proof-Of-Reserves

Several prominent crypto exchanges, including OKX, Bybit, and KuCoin, have announced their plans to publish Proof-of-Reserves to provide full transparency to their customers.

Binance Considers Pulling Out Of FTX-Takeover Deal

Binance is reportedly considering terminating its acquisition deal with FTX less than a day after signing a non-binding LOI to “save” FTX from a liquidity crunch.

FTX Bank Run: An Unexpected Turn Of Events

This article covers what led to the downfall of FTX, the lessons, and the potential winners and losers of this event.

Binance’s Acquisition Of FTX Causes Crypto Prices To Plummet

The Binance-FTX acquisition deal sparked liquidity fears in the crypto community, causing huge selloffs and wild fluctuations in the prices of crypto assets.

BlockFi Says Products Are Fully Functional Amidst The Binance-FTX Deal

BlockFi has stated that all its products remain fully functional regardless of the Binance-FTX deal. The lending firm, which was supposed to be acquired by FTX, will now run as an independent entity until at least July 2023.

Binance Agrees To Purchase FTX By Signing Non-Binding Letter Of Intent

According to the latest set of tweets by the CEOs of Binance and FTX, the two exchanges have reached an agreement wherein Binance will “fully acquire” FTX.

Japan To Ease Screening Process For Listing Virtual Tokens

Japanese regulators plan to ease regulations to allow registered crypto exchanges to list digital tokens without undergoing a long screening process.

Binance Halts BNB Smart Chain Following Over $100M Cross-Chain Bridge Exploit

Binance has halted its BNB Smart Chain (BSC) due to a $100 million to $110 million exploit on its cross-chain bridge. Binance CEO, Changpeng Zhao, confirms the situation has been contained, and users' funds are safe.

Binance Officially Launches Ethereum Proof-of-Work Mining Pool

Binance has officially launched mining services for Ethereum PoW miners. It is running a one-month promotion in which miners can enjoy zero fees on all earnings. However, this does not guarantee the listing of ETHW.

Binance Seeks To Resume Operations In Japan

After suspending services in Japan in 2018, Binance now seeks a license to resume its operations. Binance's renewed interest in operating in Japan is due to the nation softening its stance on crypto.

WazirX Joins Binance To Delist USDC And Other Stablecoins

WazirX has announced the delisting of three stablecoins: USDC, USDP, and TUSD, and their auto-conversion to Binance USD. Like Binance, WazirX believes this move would help enhance liquidity and capital efficiency.

CZ Binance Supports Biden’s Regulatory Policy

In light of the new crypto regulations by the US Presidency, CZ Binance has shown his support for the policy. Zhao stated the new policy's positive effects would help drastically eliminate illicit activities.

Binance US Launches High-Yield Ethereum Staking Ahead Of Ethereum Merge

With the anticipated happening of the Merge event, Binance US has launched a high-yield staking product for users. But there is a caveat stating that rewards may change depending on factors like transaction fees.

Binance To Stop Supporting USDC And Other Stablecoins By September 29

In the coming weeks, Binance would stop supporting USDC and other stablecoins in a bid to increase liquidity. This doesn't mean that they are delisting these tokens as users can still deposit and withdraw them.