Tag: Binance

Binance Founder Changpeng Zhao Released From US Custody: Report

September 27, 2024 admin

Washington: Binance founder Changpeng Zhao was released from a correctional facility in California on Friday, Bloomberg News reported, citing a spokesperson for the Bureau of Prisons. Former CEO Zhao was sentenced to four months in prison earlier this year, after pleading guilty to violating U.S. laws against money laundering at the world’s largest cryptocurrency exchange….

World

Financial Intelligence Unit imposes ₹18.82 crore penalty on crypto exchange Binance for violating anti-money-laundering regulations

June 20, 2024 admin

In May, Binance had registered with the FIU as the exchange sought to resume operations, after the watchdog FIU issued show-cause notices to nine offshore exchanges operating in violation of rules. | Photo Credit: Reuters Financial Intelligence Unit (FIU) has imposed a fine of ₹18.82 crore ($2.25 million) on the crypto exchange Binance for operating…

Business

Ex-Binance CEO Jailed For 4 Months In US Over Money Laundering Violations

April 30, 2024 admin

Changpeng Zhao pleaded guilty to violating US anti-money laundering laws. Washington: The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed. Changpeng Zhao, a Canadian, resigned from his post at the…

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