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Tag: 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.

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March 28, 2023

Breaking: U.S. Regulator CFTC Charges Binance For Wilfully Violating Compliance Rules!

The U.S. Commodity Futures Trading Commission (CFTC) announced it had filed a civil enforcement action against Changpeng Zhao and Binance Holdings Limited, Binance Holdings (IE) Limited, and Binance (Services) Holdings Limited (together, Binance) with numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations. The complaint also charges Samuel Lim, Binance’s former chief compliance officer, with aiding and abetting Binance’s violations.

December 19, 2022

The Great FTX Disappointment & The Binance War On Twitter!

In December 2019, Binance announced a strategic partnership with FTX, allegedly acquired 20% in FTX, and took a long-term position in the FTX token, FTT. The initial investment allegedly was in the range of "tens of millions" at a valuation of $1.2 billion. In July 2022 Binance exited and received $2.1 billion. A huge profit for Binance. The break was reportedly over regulatory issues. Sam Bankman-Fried (SBF) accused Changpeng Zhao (CZ) of causing him problems with regulators.

November 9, 2022

The FTX Bail-Out And The Fall Of Crypto Mogul Sam Bankman-Fried!

Apparent crypto mogul Sam Bankman-Fried aka SBF and his FTX crypto exchange may not have been as financially strong as always presented themselves. After FTX users complained on Twitter about withdrawal issues, Binance CEO Changpeng Zhao aka CZ announced on Twitter that Binance had signed a non-binding LOI to bail out and acquire FTX, which had slipped into a liquidity crisis. SBF's image as a deep-pocket crypto mogul has probably suffered massive damage in the process.

August 19, 2022

Fake News And Disinformation – Binance CEO Changpeng Zhao Was Not Arrested!

On Twitter, Binance CEO, Changpeng Zhao a/k/a CZ, informed that the major Chines news outlet 163 ran a story saying that he was arrested in his mansion during an FBI raid, and a room of BNB and BUSD was found in the basement of the mansion. The news was picked up by many other Chinese news sites and quickly spread in many social media groups. While the original article is removed. Many copies of it are still available on other sites. The truth, however, is that this was fake news, and CZ has not been arrested.

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.

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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.

Prison Update: Sam Bankman-Fried Transferred to Low-Security Federal Prison in Los Angeles!

Sam Bankman-Fried (SBF), the founder of the now-defunct cryptocurrency exchange FTX, has been transferred to the Federal Correctional Institution (FCI) Terminal Island in Los Angeles, California. This low-security facility is known for housing non-violent offenders and has previously held notable inmates such as Ramesh "Sunny" Balwani, former COO of Theranos.