Binance’s $4.3 Billion Fine: Trigger For Massive Bitcoin And Crypto Sell-Off?

Yesterday, November 21, Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao (CZ) consented to a $4. 3 billion settlement with the US Department of Justice. This decision follows charges of money laundering, unlicensed money transmitting, and US sanctions violations.

314 +

Binance hit with $288 million Bitcoin exodus following CEO money laundering plea

Quick Take Binance has experienced aggressive outflows, with approximately 8,000 Bitcoin (to the tune of $288 million) departing from the platform in the wake of CEO Changpeng Zhao’s guilty plea to money laundering charges.

272 +

Binance names Richard Teng its new Chief Executive after CZ resigns

Binance is in focus in after-hours on Tuesday after the world’s largest crypto exchange named Richard Teng its new Chief Executive. Changpeng Zhao pleaded guilty today The announcement arrives only hours after its former boss Changpeng Zhao announced resignation following pleading guilty to charges of money laundering.

767 +

Binance’s Changpeng Zhao pleads guilty to money laundering, comments on resignation

Now-former Binance CEO Changpeng Zhao has pleaded guilty to money laundering charges, according to reports from The New York Times on Nov. 21. Zhao reportedly entered his guilty plea in federal court in Seattle today and agreed to pay a $50 million fine as part of the plea deal.

445 +

Чанпен Чжао признался в нарушении законов США

Компания Binance Holdings Limited признала себя виновной и согласилась выплатить более $4 млрд для завершения расследования Министерством юстиции против биржи. Binance and CEO Plead Guilty to Federal Charges in $4B Resolution Binance Admits It Engaged in Anti-Money Laundering, Unlicensed Money Transmitting, and Sanctions Violations in Largest Corporate Resolution to Include Criminal Charges for an Executivehttps://t.co/yz0mCgTEOZ […]

294 +

Binance CEO Zhao To Resign, Plead Guilty To Money Laundering As Part Of $4.3B Settlement; BNB Drops

445 +

Binance charged with three major crimes by the DoJ, including conspiracy 

Binance is charged with three criminal charges by the U.S. DoJ, including conspiracy, unlicensed money transmission and sanctions violations, as CEO Changpeng Zhao is prepared to plead guilty.

1002 +

Binance CEO CZ to Resign and Plead Guilty in Deal with US Authorities

Binance founder Zhao to step down and plead guilty to resolve money laundering probes, remains majority owner under $4.3B US agreement.

507 +

US Justice Dept to Unveil Binance Settlement Today

DOJ to announce settlement with Binance over alleged crypto money laundering and sanctions violations at press conference today.

356 +

Binance Deal with US DoJ Could Point the Exchange to Compliant Path

Multi-year DOJ investigation into Binance nears potential settlement regarding allegations of money laundering and sanctions violations.

505 +

Binance faces historic penalty as DOJ settlement talks suggest over $4 billion

Binance Holdings is in talks with the U. S. Justice Department (DOJ) to resolve allegations of criminal activities, including money laundering, bank fraud, and sanctions violations, via a settlement that could exceed $4 billion, Bloomberg News reported Nov.

451 +

U.S. DOJ seeks $4b settlement from Binance, CEO may face criminal charges

The U.S. Department of Justice proposes a $4 billion settlement with Binance, potentially implicating founder Changpeng Zhao in a landmark case involving allegations of money laundering and sanction violations.

930 +

US Seeks $4 Billion From Binance to Drop Criminal Charges: Bloomberg

Binance under criminal investigation by DOJ, IRS, CFTC for money laundering, bank fraud and sanctions violations.

452 +

Binance Faces Aggravated Money Laundering Charges In France, Key Figure Departs

In a recent development, Binance, the world’s largest cryptocurrency exchange, is facing serious allegations of “aggravated money laundering” in France. These charges come after a visit by local police to the exchange’s headquarters in the European country on June 16.

408 +

Dutch Crypto Companies Score Legal Win in Fight Against $2.3M Supervision Bill

The Dutch central bank shouldn’t have made Binance successor Coinmerce and others pay for their money laundering registration, a Rotterdam court said

250 +

Binance CEO disputes media report of $250 million loan

On Sept. 19, Decrypt, a media outlet, shared a report about Binance’s CEO Changpeng Zhao, mysterious money movements. According to the Decrypt report, unsealed documents revealed that Zhao extended a loan of $250 million to BAM Management U.S. Holdings. Subsequently,…

6631 +

Binance linked to money laundering scheme in Belgian extradition case: Bloomberg

Belgian authorities are seeking the extradition of a London-based fintech professional, Caio Marchesani, on suspicions of using cryptocurrency to launder hundreds of millions of dollars for criminal organizations, including high-ranking bosses.

315 +

Jim Cramer endorses Binance and BNB despite recent troubles

“Mad Money” host Jim Cramer says he’s bullish on Binance and its BNB token, even as the crypto exchange faces regulatory hurdles and liquidity concerns. Jim Cramer, the American television host renowned for his financial acumen, has taken a bullish…

999 +

SEC's Secret Binance Court Filing Has Observers Bracing for Bad News

A new secret court filing related to Binance, the crypto exchange that already faces U.S. accusations of abetting money laundering and sanctions circumvention, has some wondering whether more bad news is about to hit the industry giant.

285 +

Binance Troubles Escalate: Checkout.com Cuts Ties Citing AML Concerns

According to a recent report by Forbes, Checkout. com, the London-based credit card processing company, has terminated its contract with the largest crypto exchange in the world, Binance, citing concerns over money laundering and compliance issues.

321 +

UK Credit Card Company Dumps Binance Over Money Laundering Concerns

Checkout.com, a UK payment processor, as terminated its relationship with Binance over money laundering concerns. The post UK Credit Card Company Dumps Binance Over Money Laundering Concerns appeared first on BeInCrypto.

295 +

Binance delisting news plunges SRM, SNM and YFII tokens

The Binance news saw all three altcoins nosedive double-digits. Serum (SRM) was down 29%, Sonm (SNM) shed 58% and DFI. money (YFII) declined by 16% in 24 hours. Trading on all pairs for the tokens will end on August 22, 2023.

330 +

Binance Appoints New Compliance-Focused And Money Laundering Reporting Officer Amid Growing Regulatory Heat, Lawsuits

Binance has announced the appointment of a new Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO) at a time when the world's largest cryptocurrency exchange grapples with regulatory challenges from several law enforcement officers worldwide over compliance issues.

424 +

Binance could face fraud charges but US regulators are concerned over this factor

The US regulator is considering bringing in more charges against the world's largest crypto exchange However, the regulators fear the action would result in customers losing money Binance - The post Binance could face fraud charges but US regulators are concerned over this factor appeared first on AMBCrypto.

349 +

First Mover Asia: Individual Wallets Holding 1 Bitcoin Hit All-Time High as BTC Maintains $30K

PLUS: Binance.US has a free money problem, but there's not enough trust in the platform to exploit it.

283 +

Binance reportedly under investigation in France for alleged money laundering

Reports indicate that French authorities have been investigating Binance since February 2022, which may result in more regulatory issues for the largest crypto exchange by trading volumes

678 +

Binance Faces Allegations Of ‘Aggravated’ Money Laundering In France

Amid the company’s several troubles, Binance, one of the world’s leading cryptocurrency exchanges has now found itself in hot water in France over allegations of severe lapses in its money laundering protocols and the unauthorized provision of digital asset services to French customers.

283 +

Binance under investigation in France since February 2022: Report

The French arm of Binance is reportedly under investigation by the local authorities on charges of “aggravated money laundering.“

520 +

Binance Under Investigation for “Aggravated Money Laundering” in France

Facing global scrutiny, Binance is now under investigation in France over alleged "aggravated money laundering" and unauthorized crypto services. Binance asserts its dedication to global compliance amidst these challenges.

298 +

Binance Under Investigation in France for 'Aggravated' Money Laundering

Binance is accused of illegally canvassing local customers outside of the legal framework, and for implementing poor money laundering checks.

320 +

Binance Scandal Escalates As Former SEC Official Reveals Secret DOJ Indictment

Former Securities and Exchange Commission (SEC) official John Reed Stark has recently suggested that the US Department of Justice (DOJ) will likely file, or may have already filed under seal, a criminal indictment against cryptocurrency exchange Binance for alleged money laundering.

328 +

Almost $1 Billion out of Binance in 24 Hours: Here's Main Beneficiary

Here's why and where money outflow from Binance as major exchange bleeds almost $1 billion in 24 hours

257 +

Breaking: SEC sues world's largest crypto exchange - Binance

The US SEC filed a lawsuit against Binance and its CEO CZ.  The SEC claimed that Binance and Binance.US commingled customers' money in an account controlled by CZ's entity - Merit Peak LimitedThe post Breaking: SEC sues world's largest crypto exchange - Binance appeared first on AMBCrypto.

328 +

Is BKEX Exchange Money Laundering Probe Linked to Binance? 

British Virgin Islands BKEX pauses withdrawals and cooperates with law enforcement to investigate new money laundering concerns. The post Is BKEX Exchange Money Laundering Probe Linked to Binance?  appeared first on BeInCrypto.

273 +

Binance provider in Brazil gets payment institution approval

Binance’s partner Latam Gateway has been granted a license to operate as a payment institution and electronic money issuer in Brazil.

739 +

Crypto Market Forecast: Week of May 8th 2023

A curated weekly summary of forward-focused crypto news that matters. This week, Binance closes BTC withdrawals citing congestion, Montana signs a new bill to establish cryptocurrency friendliness, and Americans are worried about the safety of their money stored in banks.

242 +

Voyager promises to return funds to creditors despite Binance hurdle

Customers of the bankrupt crypto broker Voyager may be getting their money trapped in the platform in the coming weeks, shortly after Binance. US pulled out of an initial deal to purchase Voyager’s assets.

360 +

Crypto Exchange Binance Is Back in Russia, Lifts Restrictions on Russian Users: Report

Users in Russia report they once again can use locally issued Mastercard and Visa cards to deposit money on the crypto exchange more than a year following a wartime prohibition on such transactions.

355 +

Jim Cramer Expresses Concern Over CFTC Complaint Against Binance

CNBC's 'Mad Money' host Jim Cramer voices concern over Commodity Futures Trading Commission's (CFTC) recent lawsuit against Binance, world's largest cryptocurrency exchange, calling it 'a company gone rogue'

309 +

Binance CEO Changpeng Zhao admits to using company products but says employee trading is limited

Binance CEO Changpeng Zhao said that he stores his own money with Binance, as seen in a statement published on the exchange website on March 27. The post Binance CEO Changpeng Zhao admits to using company products but says employee trading is limited appeared first on CryptoSlate.

372 +

Coinbase spent $3.4M on lobbying in 2022, while FTX spent $720k

Coinbase spent $3. 4 million on lobbying activities in 2022, ranking second, while Binance US and FTX US ranked ninth and 13th, respectively, according to a recent report by Money Mongers. The post Coinbase spent $3.

362 +

Best Cryptocurrency for Scalping – Top Trade Pairs For Scalping Crypto on Binance, KuCoin etc.

Crypto scalping is a good trading method that works and earns money no matter the market conditions, but it heavily depends on the trading platform and cryptocurrency pairs you choose for scalping.

382 +

Binance Faces Allegations of Silencing P2P Traders Who Never Received Their Money

Binance, the famed crypto exchange, has faced several difficulties this year. Per BeInCrypto’s deep investigative research, users have faced multiple issues using Binance’s P2P marketplace. Such problems put more support to voices standing against centralized exchanges.

300 +

Binance customer says money lost in P2P transfer

In a move that could unsettle Binance users, the exchange recently deleted an inquiry regarding lost funds from a customer going by the username abd_akiki under unclear circumstances.

378 +

FTX Owes Money to Netflix, Binance, Wall Street Journal, Filing Shows

Lawyers for the bankrupt crypto exchange have published an extensive list of creditors that include media companies, airlines, universities and charities.

322 +

Binance Will Delist NFTs With Low Trading Volume

Binance will delist NFTs with low trading volume on its platform starting next month as it revamps its KYC rules. The move comes two days after the platform was implicated in a money laundering scandal by FinCEN.

410 +

Binance Identified as Top Counterparty to $700M Criminal Crypto Exchange by FinCEN

Binance is implicated as a counterparty of a Russian money laundering exchange. The post Binance Identified as Top Counterparty to $700M Criminal Crypto Exchange by FinCEN appeared first on BeInCrypto.

369 +

Binance CEO Says Many Crypto Players ‘Get Distracted’ by Money

The founder of the world’s largest crypto exchange said it’s important to focus on the product and users.

238 +

Binance And Huobi Freeze Funds Linked To $100M Harmony One Hack, 124 BTC Recovered

371 +