Binance and CZ plead guilty to federal charges as part of a $4.3B settlement with the US DOJ; charges include violating sanctions and anti-money laundering laws
- The U.S. Department of Justice has brought criminal charges against Binance and its billionaire founder and CEO, Changpeng Zhao.
Changpeng Zhao steps down as CEO of Binance, saying “it is the right thing to do”, replaced by Richard Teng, formerly the Global Head of Regional Markets
Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do.
In an open letter, Cameron Winklevoss accuses Digital Currency Group CEO Barry Silbert of engaging in “bad faith stall tactics” after Genesis halted withdrawals
Founder and CEO of Digital Currency Group Vignesh Karunanidhi / Watcher Guru : Cameron Winklevoss Accuses Barry Silbert of “Bad Faith Stall Tactics” Walter O'Leary / LinkedIn : Wal...
Court records: SBF is expected to enter a plea before a new judge on January 3; the original judge recused herself because her husband's law firm advised FTX
he needs to enter a plea at the arraignment and that is what has been announced the plea he enters could be “not guilty”! https://twitter.com/... @tree_of_alpha : JUDGE RONNIE ABRA...
Records: FTX, its executives, and SBF's parents bought 19+ properties in the Bahamas worth ~$121M over the past two years as “residence for key personnel”
Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought …
Crypto prices sink, with bitcoin down 5%+ to under $16K and ether down ~7% to ~$1.1K, rocked by the FTX saga, hacker offloading ether, and potential contagion
Sunil Jagtiani / Bloomberg :
Crypto prices sink, with bitcoin dropping ~4% to ~$16.1K and ether ~7% to ~$1.1K, dragged down by the FTX saga, hacker offloading ether, and potential contagion
Cryptocurrency prices struggled Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried's once powerful FTX empire.
[Thread] A look at Helium, a network of 500K+ crypto mining hotspots, which raised $365M from a16z and others and generates an estimated $6.5K/month in revenue
.@Helium, often cited as one of the best examples of a Web3 use case, has received $365M of investment led by @a16z. Regular folks have also been convinced to spend $250M buying ho...
CoinFlex CEO Mark Lamb says crypto investor Roger Ver owes the exchange $47M in USDC, after Ver denied “some rumors” he defaulted on a debt to a counterparty
The crypto exchange is launching a recovery token because of debt owed by a high-net-worth customer.