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February 28, 2024

Binance and Changpeng Zhao Face $8.1 Million Racketeering Lawsuit Over Alleged Fraud Complicity In Pig Butchering Scam!

Following their guilty pleas in the U.S., Binance and its former CEO, Changpeng Zhao (CZ), have been implicated in a lawsuit alleging complicity in criminal fraud schemes through lax adherence to anti-money laundering (AML) and money-transmitting regulations. The suit, demanding $8.1 million in damages, was lodged in the Boston federal court, spotlighting the personal toll of financial crimes facilitated by reputed crypto platforms such as Binance.

September 19, 2023

U.S. SEC’s Battle Against Binance Continues With Setback Before Court!

In a recent development, the U.S. Securities and Exchange Commission (SEC) faced a setback in its ongoing legal tussle with Binance.US. A federal magistrate judge denied the SEC's request for immediate access to the crypto exchange's software. This decision came amidst the SEC's allegations that Binance.US has been uncooperative in their investigation, producing only a limited number of documents and restricting witness depositions.

June 17, 2023

SEC Secures Emergency Relief To Protect Binance.US Customers’ Assets

Further to the agreement between the SEC and Binance, the Court issued an emergency relief in which the defendants in the SEC complaint against Binance..

June 7, 2023

U.S. Regulator SEC Wants To Freeze Binance Assets!

The U.S. Securities and Exchange Commission (SEC) filed an emergency action application seeking a temporary restraining order freezing assets, directing defendants to repatriate assets held for the benefit of customers of the Binance.US crypto trading platform, and seeking other emergency relief against Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings, Inc., and their founder, Changpeng Zhao (CZ).

March 28, 2023

Why The U.S. Regulator CFTC Goes After Binance CEO Changpeng Zhao!

According to the U.S. CFTC, Binance operates the world’s largest centralized digital asset exchange through an opaque web of corporate entities, all ultimately controlled by Changpeng Zhao (CZ). Much of Binance’s reported trading volume and profitability has come from its extensive solicitation of and access to customers in the United States. Allegedly. CZ was responsible for the circumvention of Binance's compliance approach. Not sued, however, is Binance.US, which is owned by BAM Trading Services Inc.

June 21, 2022

Interesting! The Ambitious Binance Project With EQONEX!

In March 2022, the Nasdaq-listed crypto exchange operator EQONEX Limited entered into a strategic partnership with the Binance Group, making it a sort of subsidiary. Under the terms of the strategic alliance, Lithuanian Bifinity UAB provided a $36 million loan and has the right to nominate key management positions and Board members. Consequently, Jonathan Farnell has been appointed CEO, Almira Cemmell Chief Corporate Affairs Officer, and Daniel Ling was appointed Chief Financial Officer (CFO).

Cash Cow Crypto: U.S. CFTC Enforcement Sets Records in FY 2024 with $17.1 Billion in Monetary Relief!

The U.S. Commodity Futures Trading Commission (CFTC) achieved a landmark year in FY 2024, securing over $17.1 billion in monetary relief, including $2.6 billion in civil penalties and $14.5 billion in restitution. The agency’s groundbreaking actions spanned digital asset (crypto) markets, voluntary carbon credits, and major compliance cases, highlighting its leadership in safeguarding market integrity.

U.S. DOJ’s Whistleblower Pilot Program: 250+ Tips in Just Months!

Whistleblowers are the only effective way to fight financial crime. The U.S. DOJ whistleblower pilot program has already proven effective, generating over 250 tips of potential misconduct since its launch in August, according to Principal Associate Deputy Attorney General Marshall Miller. According to a Reuters report, the initiative targets corporate malfeasance and encourages internal self-disclosure by companies.

Online Gambling: Lokinvestigation in Curaçao, its Maltese Connections, and How to Shut Down!

For many years, the far-far-away Curacao was the regulatory mecca of global online gambling. But that is over. The Lokinvestigation, spearheaded by opposition politician and forensic investigator Dr. Luigi Faneyte, reveals systemic failures and alleged corruption in Curaçao’s online gambling sector. With ties to Maltese investors and global financial networks, the report demands transparency but also carries political implications.

KTM’s Collapse: How Pierer and Blazicek Possibly Misled Investors and Profited Amid a €2.9 Billion Crisis!

The recent insolvency filing by KTM AG, Europe's largest motorcycle manufacturer, has unveiled significant managerial failures under CEO Stefan Pierer and Chairman of the Supervisory Board Josef Blasicek of Pierer Mobility AG. Despite clear indicators of financial distress, the company continued to distribute substantial dividends, misleading investors about its fiscal health. Here is an investor update on the KTM case.

Investor Briefing

Investor Briefing: Why Elon Musk’s SpaceX is valued at $350 Billion!

SpaceX, Elon Musk's private aerospace company, is reportedly in discussions to sell insider shares at a valuation of approximately $350 billion. This would be double what the company was reportedly selling shares at one year ago. In December 2023, Bloomberg reported SpaceX shares were being sold at a $175 billion valuation. Musk's closeness to Trump is apparently paying off.