binance
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Binance Founder Changpeng ‘CZ’ Zhao Sentenced to 4 Months in Prison
Binance founder and former CEO Changpeng “CZ” Zhao was sentenced to four months in federal prison on Tuesday, first reported by the Associated Press. Zhao pleaded guilty to money laundering violations as part of Binance’s agreement with the United States Department of Justice, allowing the company to settle legal troubles and continue operating under a…
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Binance May Sacrifice $4 Billion to Settle DOJ Case
The US Justice Department seeks $US4 billion from Binance to end a years-long investigation into the world’s largest cryptocurrency exchange, according to Bloomberg. Negotiations are reportedly underway that could subject Binance co-founder and CEO Changpeng Zhao (aka CZ) to criminal charges in the US. Bloomberg cites “people familiar with the discussions” as saying that the…
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Whoops: U.S. Feds Fall for Crypto Scam, Hand Fraudster $US55,000 in Stolen Funds
The same federal agency that once helped bring down the biggest crypto-based dark web drug marketplace Silk Road got swindled by one of the oldest tricks in the crypto scammer playbook. The U.S. Drug Enforcement Administration reportedly handed a fraudster a little more than $US55,000 in confiscated crypto funds after it was duped by a…
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Tech News: 5 Things to Know in Australia Today
From Binance Australia’s offices being raided to the Australian government being caught up in a data breach, here are five things headlining tech news in Australia.