Changpeng Zhao | FinTelegram News

Tag: Changpeng Zhao

December 27, 2023

Binance Founder Changpeng Zhao And Other Crypto Entrepreneurs Saw Massive Wealth Growth In 2023.

In 2023, Changpeng Zhao (CZ), the founder and former CEO of Binance, experienced a remarkable wealth increase despite significant legal challenges.CZ's net worth soared by about $25 billion, reaching an estimated $37 billion. This surge was primarily driven by the recovery in crypto markets and increased trading volumes on Binance, the world's largest crypto exchange.

December 19, 2023

U.S. Court Confirmes Binance Settlement With CFTC With $2.85 Billion Payments!

In the U.S., a federal judge has sanctioned a comprehensive settlement involving the prominent crypto exchange, Binance, and the Commodity Futures Trading Commission (CFTC). This resolution comes on the heels of a guilty plea by Binance's former CEO, Changpeng Zhao (CZ), in relation to charges concerning anti-money laundering infractions. This means that the black swan of a Binance collapse has been averted for the time being.

December 8, 2023

Binance Founder Ordered To Stay In The U.S. After His Plea Deal, A Court Ordered!

In the latest twist in the ongoing legal drama surrounding the crypto world, a federal judge in Seattle has put the brakes on Changpeng Zhao's travel plans. The former Binance CEO, widely known as "CZ" in the crypto community, wanted to return to the United Arab Emirates after his guilty plea in a super-high profile money laundering case. However, he has been ordered to remain within U.S. borders, awaiting his sentencing in Feb 24.

December 6, 2023

New Binance CEO Welcomes FinCEN Monitoring As It Would Increase User Confidence!

Richard Teng, the new CEO of Binance, has expressed a positive view on the financial oversight by U.S. authorities, seeing it as a trust-building measure for investors. Teng emphasizes Binance's commitment to regulatory compliance. The company recently agreed to a $4.3 billion settlement with US authorities over criminal and civil charges, including a FinCEN compliance monitoring period of up to five years.

December 3, 2023

Worthwhile Reading: The Binance Scandal: A Turning Point in Crypto’s Battle Against Money Laundering!

This article is based on the insights of Casey Michel, the author of “American Kleptocracy.” It reflects on the broader implications of the Binance scandal..

November 30, 2023

Attention: Crypto Exchange Bybit Under Regulatory Scrutiny Receives Red Compliance Rating!

The Binance case has kept the crypto scene busy over the last few days. Binance and its founder, Changpeng Zhao (CZ), have pleaded guilty to money laundering as part of a $4.3 billion settlement with the U.S. authorities. The U.S. authorities are also investigating Bybit, which works with the same payment processors as Binance. We have added this crypto exchange to our Red Compliance list in our initial review. Here is our review.

November 29, 2023

FinCEN Exposes Binance’s Deep Ties with Sanctioned Russian Exchange, Implications for Ex-CEO Zhao’s Sentencing!

FinCEN's recent investigations into Binance have unearthed troubling revelations about the cryptocurrency exchange's longstanding collaboration with the Russian exchange Garantex, which has been embroiled in money laundering controversies. This partnership persisted even after Garantex Europe, based in Estonia, had its license revoked in February 2022 due to AML concerns and was subsequently placed on the OFAC sanctions list in April 2022.

Court Cases

November 29, 2023

Football Legend Cristiano Ronaldo Sued Over Promotion Of Binance!

Portuguese football legend Cristiano Ronaldo is currently facing a proposed class-action lawsuit, with allegations stemming from his involvement in promoting the cryptocurrency exchange Binance. This legal challenge, filed on November 27 in a United States district court in Florida, accuses Ronaldo of aiding in the offer and sale of what are claimed to be unregistered securities, in collaboration with Binance.

November 28, 2023

Binance Founder Changpeng Zhao Not Allowed Return To United Arab Emirates, US Court Rules!

In a recent development that has sent ripples through the cryptocurrency world, Binance founder Changpeng Zhao, commonly known as CZ, is currently confined to the United States following a guilty plea to criminal charges related to his cryptocurrency exchange. This decision was cemented by a ruling from a federal judge in Seattle, who stipulated that Zhao must remain in the U.S. pending the court's decision on the Government's review motion.

November 24, 2023

Why The Binance Settlement Clears The Way To Crypto ETFs!

The recent settlement between Binance and US authorities, involving a record $4.3 billion fine and the stepping down of CEO Changpeng Zhao, has significant implications for the future of cryptocurrency Exchange-Traded Funds (ETFs) in the U.S.. This development is hypothesized to pave the way for the approval of spot crypto ETFs by the Securities and Exchange Commission (SEC) and thus be the start of the next crypto bull cycle.

November 24, 2023

Worth Reading: Reuters Special Report On Binance, Crypto And Pig Butchering!

Following the seizure of $9 million in cryptocurrencies related to an Asian pig butchering scheme, Reuters published a special report that highlights the alarming growth of 'pig butchering' scams, fraudulent investment schemes primarily operated from Asia and now recognized as a global billion-dollar industry. These scams use cryptocurrencies to process their illegal payments. Binance in particular is said to have been involved as a payment processor in recent years.

November 23, 2023

No Black Swan: While U.S. Prosecutors Want CZ Behind Bars, The Market Appreciates Milestone Settlement!

In a milestone development in the crypto world, Changpeng Zhao (CZ), the founder and former CEO of Binance, has pleaded guilty to charges of violating the Bank Secrecy Act and facilitating money laundering. Facing a potential prison sentence of up to 18 months, his sentencing is set for February 9, 2024. Amid these developments, U.S. prosecutors are concerned about the flight risk posed by Zhao, who reportedly resides in Dubai with his partner and three children.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.