cryptocurrency exchange

  • Binance Founder Changpeng ‘CZ’ Zhao Sentenced to 4 Months in Prison

    Binance Founder Changpeng ‘CZ’ Zhao Sentenced to 4 Months in Prison

    Maxwell Zeff

    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…

  • Mt. Gox Victims Report ‘Double Repayments’ From 2014 Bitcoin Hack

    Mt. Gox Victims Report ‘Double Repayments’ From 2014 Bitcoin Hack

    Maxwell Zeff

    Well, that’s one way to see your investment pay off. In 2014, the largest cryptocurrency exchange in the world, Mt. Gox, suffered a notorious hack that stole 850,000 Bitcoins from the platform. Victims are finally starting to get their money back on Tuesday, nearly 10 years later. However, some are reporting Mt. Gox accidentally sent…

  • Sam Bankman-Fried Found Guilty in Crypto Trial

    Sam Bankman-Fried Found Guilty in Crypto Trial

    Maxwell Zeff

    Sam Bankman-Fried is guilty on all seven federal charges in his criminal trial for defrauding customers of his crypto exchange out of billions of dollars with his crypto empire, jurors decided on Thursday night in a Southern District of New York court, according to CoinDesk. Jurors reached a verdict at 7:40 PM that the founder…