Tag: Binance

MGX investment into crypto exchange BinanceI
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March 14, 2025

Investor Briefing: Binance’s $2 Billion Investment from MGX and Trump Family Rumors!

On March 12, 2025, Binance, the world’s largest crypto exchange by trading volume, announced a landmark $2 billion investment from Abu Dhabi-based MGX, marking its first institutional funding in its eight-year history. This transaction, executed entirely in an unspecified stablecoin, represents the largest single investment in a crypto company to date and signals a significant shift toward institutional adoption of digital assets.
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SEC finds a solution for the Coinbase and SEC chargesS
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February 18, 2025

SEC’s Sudden Crypto Pivot: Is Trump’s New Administration Behind the Coinbase Case Reversal?

In a significant shift signaling the dawn of a new era for crypto regulation in the U.S., the SEC has taken steps that could potentially resolve its high-profile enforcement case against Coinbase, one of the nation's leading crypto exchanges. This move comes hot on the heels of a similar action involving Binance and appears to be a direct consequence of the newly inaugurated, crypto-friendly administration under President Donald Trump.
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YZiLabsC
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January 24, 2025

Crypto Titan CZ Pivots: Binance Founder’s $37 Billion Family Office YZi Labs Bets Big on AI and Web3!

Changpeng "CZ" Zhao, the crypto billionaire behind Binance, is making waves in the investment world with his latest move. Following his departure as CEO of Binance, CZ has transformed his venture capital arm, Binance Labs, into a formidable family office. This strategic shift allows him to manage his vast personal wealth, estimated at $37 billion, while maintaining his influence in the tech and finance sectors.
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Hydra founder Stanislav Moiseyev sentenced in RussiaR
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December 4, 2024

Russia Sentences Hydra Marketplace Founder to Life in Prison!

The founder of Hydra, the notorious dark web drug marketplace, has been sentenced to life in prison by a Moscow court. Stanislav Moiseyev, along with 15 accomplices, faced charges of running a criminal drug enterprise. Their sentences include hefty fines and the confiscation of assets, marking a major crackdown on the dark web's illicit economy.
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NovaForge operates illegally operating casino and gambling platformsF
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December 3, 2024

Financial Intelligence Report: NovaForge Ltd – The New Face in the Illegal Online Casino Scene!

In recent investigations, FinTelegram has uncovered NovaForge Ltd as a significant operator in a globally active network of illegal online casinos. Operating anonymously through multiple brands and domains, this network defies regulatory frameworks in Europe, North America, and Asia, continuing the legacy of the defunct Rabidi Group.
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FTX Bankruptcy CaseF
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November 11, 2024

FTX Estate Sues Binance and Former CEO Zhao for $1.8 Billion Over “Fraudulent” Share Deal

It seems that the bankruptcy of the US crypto exchange FTX will continue to cause ripples across the crypto scene. In a high-stakes lawsuit, the FTX estate is targeting Binance and its former CEO, Changpeng Zhao (CZ), seeking $1.8 billion over a controversial 2021 share buyback deal. Allegations include claims of a “constructive fraudulent transfer” and accusations of tweets that allegedly accelerated FTX's collapse.
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Binance situation in NigeriaN
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October 24, 2024

Nigeria Drops Money Laundering Charges Against Binance Executive Amid Health Concerns

Nigeria’s anti-corruption agency has finally dropped its $35.4 million money laundering case against Tigran Gambaryan, a top Binance executive, citing his urgent need for medical treatment abroad. Gambaryan, who was in charge of financial crime compliance at Binance, had been detained in Nigeria since April. Binance still faces tax evasion charges as part of Nigeria’s broader crackdown on crypto firms.
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Binance VP Tigran Gambaryan charged in NigeriaB
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October 20, 2024

Bring Him Home: US Attorneys General Demand Hostage Status for Detained Binance Exec Tigran Gambaryan

18 U.S. attorneys general have called on President Biden to designate Binance executive Tigran Gambaryan as a hostage. Held without formal charges in Nigeria, Gambaryan’s health has deteriorated significantly, raising humanitarian concerns. His arrest, seen as politically motivated, comes just months after Binance’s $4.2 billion money laundering settlement with U.S. authorities.
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Binance executive Tigran Gambaryan in a wheelchairB
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October 12, 2024

Binance Chief Financial Crime Compliance Officer Denied Bail in Nigerian Case!

Think twice before starting to work for the world's larger crypto exchange. As Binance’s financial crime compliance officer faces money laundering charges in Nigeria, questions mount over the company’s compliance safeguards and the risks involved in its global operations. The denial of bail for Tigran Gambaryan and the ongoing legal battle could have far-reaching implications for the company’s future.
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Money-laundering charges against TD BankB
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October 11, 2024

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.
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Former Binance CEO Changpeng ZhaoF
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September 30, 2024

Former Binance CEO Released From Prison After Guilty Plea to Money Laundering Charges!

The Chinese-Canadian national Changpeng Zhao (CZ), the founder and former CEO of Binance, the world's largest cryptocurrency exchange, was released from a correctional facility in California on Friday, September 27, 2024, after serving a four-month sentence25. His release came two days ahead of schedule due to standard practices when release dates fall on weekends.
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Executives of global acting online platforms face scrutinyT
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September 23, 2024

The New Reality: The High-Stakes Role of Compliance Officers in Global Firms!

The arrest of Tigran Gambaryan, Binance's Head of Financial Crime Compliance, by Nigerian authorities in Feb 2024 highlights the increasing risks faced by compliance officers at major global corporations. Gambaryan, a former U.S. law enforcement officer with extensive experience in cryptocurrency-related investigations, now finds himself in a perilous legal battle, raising critical questions about the personal accountability of compliance executives.
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