CZ

Binance founder and former CEO Changpeng “CZ” Zhao was sentenced to four months in federal prison on Tuesday, first reported by the Associated Press.

Binance founder Changpeng Zhao (CZ) will step down from his CEO duties and plead guilty to criminal charges, paying a $50 million fine, according to court documents made public Tuesday. The Department of Justice is expected to announce a $4 billion settlement with Binance this afternoon, putting an end to an…

Read more...

The US Justice Department seeks $4 billion from Binance to end a years-long investigation into the world’s largest cryptocurrency exchange, according to