Binance sees over $45m in funds withdrawn amidst criminal charges

Binance faces significant user fund outflows and a drop in BNB value following the DOJ’s criminal charges and CEO Changpeng Zhao's potential departure.

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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.

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End of an Era: Binance's CZ to Step Down

Changpeng Zhao, founder and CEO of Binance, is set to step down due to criminal charges

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U.S. DOJ Reportedly Wants Shocking $4 Billion From Binance To Drop Criminal Charges

The United States Justice Department is seeking more than $4 billion from Binance Holdings Ltd. as part of a deal to resolve investigations into alleged multiple criminal violations by the world’s biggest cryptocurrency exchange and its co-founder.

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Endgame For Binance? US DOJ Seeks $4 Billion Settlement, CZ Braces For Charges

In a significant development, the US Department of Justice (DOJ) is reportedly pursuing a resolution with Binance, the world’s largest cryptocurrency exchange by trading volume.  According to Bloomberg, negotiations between the two parties include the potential for Binance founder Changpeng Zhao, also known as CZ, to face criminal charges as part of the agreement.  The […]

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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.

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Bitcoin and BNB Token Stage Relief Rallies on Binance Settlement News

Crypto exchange Binance could reportedly soon be paying $4 billion to settle multiple U.S. criminal charges.

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US DoJ: Over $4 billion to end criminal case against Binance

The US DoJ is reportedly seeking billions of dollars to end its criminal case against Binance and its co-founder The criminal charges includes violations of sanction laws, bank fraud, and moneyThe post US DoJ: Over $4 billion to end criminal case against Binance appeared first on AMBCrypto.

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Binance in Talks to Pay More Than $4B to End U.S. Criminal Case; CZ Could Still Face Charges: Bloomberg

A resolution could come as soon as the end of this month, Bloomberg reports.

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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.

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This Week in Crypto: Good Night SBF, Fed Pauses Rates, and ‘X’ Changes Under Musk

In crypto this week, Sam Bankman-Fried was convicted on all criminal charges, the US Fed paused rate hikes, and institutions grow bullish on Bitcoin. The post This Week in Crypto: Good Night SBF, Fed Pauses Rates, and ‘X’ Changes Under Musk appeared first on BeInCrypto.

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Sam Bankman-Fried Convicted On 7 Criminal Counts, Faces 110 Years In Prison

After a comprehensive five-week trial, the New York jury rendered a verdict on Thursday, finding the former crypto magnate, Sam Bankman-Fried, guilty on all seven charges, including fraud, embezzlement, and criminal conspiracy.

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Sam Bankman-Fried Guilty on All 7 Counts in FTX Fraud Trial

A jury found Sam Bankman-Fried guilty on all charges in his criminal fraud trial tied to FTX's operation and collapse.

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SafeMoon founders arrested on wire fraud and money laundering charges

SafeMoon founders arrested; Kyle Nagy at large. The charges include wire fraud and money laundering. There are also accusations of misappropriation and investor deception. In a significant development, the founders of SafeMoon, a decentralized finance digital asset, are facing criminal charges in the United States.

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SBF criminal trial moves to closing arguments

Bankman-Fried pleaded not guilty to all seven counts of fraud charges related to the collapse of crypto exchange FTX.

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US Senator asks DOJ to consider criminal charges against Binance and Tether

US Senator Cynthia Lummis asks the Department of Justice (DOJ) to criminally charge crypto exchange Binance and USDT issuer Tether. Lummis cites the two companies’ role in aiding illicit fundraising for terror.

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DoJ asked to mull criminal charges against Binance and Tether

Two U.S. elected officials wrote to the Department of Justice, calling for a concluded investigation on Binance and Tether that could lead to litigation against the pair of crypto heavyweights.

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SBF will likely lose criminal trial, former SEC official believes

Former SEC chief of Office of Internet Enforcement John Reed Stark believes a federal court could ultimately convict the FTX founder of several criminal charges, including fraud, due to three factors.

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Binance struggles to find its footing as regulatory push escalates

Binance could face potential criminal charges in the U.S. amid a DOJ investigation. Leadership turmoil, layoffs, and declining trading volume exacerbated Binance's challenges Binance [BNB] hThe post Binance struggles to find its footing as regulatory push escalates appeared first on AMBCrypto.

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Binance And CEO ‘CZ’ On The Brink Of Criminal Charges In DOJ Investigation?

Binance, one of the largest cryptocurrency exchanges, faces mounting challenges as it navigates a complex legal landscape with the US Department of Justice (DOJ).   According to a report by The Wall Street Journal, Binance’s empire is “under threat,” leading to significant consequences for the crypto industry as a whole.

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Binance's CZ Could Face Criminal Charges: WSJ

This threat comes amidst a cascade of high-profile exits, significant layoffs, and Binance's decreasing market dominance

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The SEC Targets ‘Affinity Fraud’ With California Ponzi Scheme Crackdown

The SEC pursues an enforcement action against the alleged mastermind of a Ponzi scheme, concurrently with federal criminal charges. The post The SEC Targets ‘Affinity Fraud’ With California Ponzi Scheme Crackdown appeared first on BeInCrypto.

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SBF to appeal for jail release ahead of Oct. 3 trial

Former FTX CEO Sam Bankman-Fried, is scheduled to ask a 2nd U.S. Circuit Court of Appeals to order his release from a New York prison weeks before the start of a trial where he faces seven criminal charges. Bankman-Fried and…

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Former Celsius exec pleads guilty to criminal charges

Roni Cohen-Pavon, Celsius’ former chief revenue officer, has pleaded guilty to four criminal charges and will be free on bail until a Dec. 11 sentencing hearing.

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Former chief revenue officer at Celsius pleads guilty to four criminal charges

Roni Cohen-Pavon, the former chief revenue officer of the now-bankrupt cryptocurrency lender Celsius Network, has pleaded guilty to U. S. criminal charges related to the collapse of the crypto lending network last year.

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BREAKING: Ex Celsius Executive Pleads Guilty To Criminal Charges

The case against bankrupt crypto lender Celsius took a new turn as one of its former executives came forward. According to a report from Reuters, Roni Cohen-Pavon, ex-Chief Revenue Officer (CRO) at the company, pleaded guilty to criminal charges.

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Craig Wright's Financial Disclosure Form in $143M Court Case Was Incomplete

A recent court order grants W&K Info Defense civil sanctions against Wright for incomplete financial disclosures, yet stops short of bringing criminal charges against the so-called inventor of Bitcoin.

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Craig Wright's Financial Disclosure Form in $143M Court Case Was Incomplete, Court Rules

A recent court order grants W&K Info Defense civil sanctions against Wright for incomplete financial disclosures, yet stops short of bringing criminal charges against the so-called inventor of Bitcoin.

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Former FTX co-CEO Ryan Salame pleads guilty to all charges

Former FTX co-CEO Ryan Salame is expected to plead guilty to the criminal charges against him on Thursday,  Bloomberg reported on Sept. 7. Salame was jointly in charge of FTX Digital Markets with Sam Bankman-Fried before the exchange collapsed last November.

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Former FTX co-CEO Ryan Salame pleads guilty, forfeits $1.55B

Former FTX co-CEO Ryan Salame is expected to plead guilty to the criminal charges against him on Thursday,  Bloomberg reported on Sept. 7. Salame was jointly in charge of FTX Digital Markets with Sam Bankman-Fried before the exchange collapsed last November.

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Former FTX executive will reportedly plead guilty to criminal charges

Ryan Salame, a former FTX executive, is set to plead not guilty in a Manhattan court on Sep. 7

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Former FTX Executive Ryan Salame to Plead Guilty to Criminal Charges

Ryan Salame to plead guilty to FTX-related charges.

The post Former FTX Executive Ryan Salame to Plead Guilty to Criminal Charges appeared first on BeInCrypto.

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Ex-FTX Executive to Plead Guilty to Criminal Charges: Huge Amount Of Stolen Customer Funds Donated to US Politicians

An ex-executive of the FTX cryptocurrency exchange is set to plead guilty to criminal charges. The charges include the alleged donation of $24 million of stolen customer funds to US politicians. This development adds another layer of complexity to the ongoing trials surrounding the collapse of FTX and its founder, Sam Bankman-Fried.

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Former FTX exec plans to plead guilty to criminal charges: Report

A Sept. 7 court appearance by Ryan Salame could see the former co-CEO of FTX Digital Markets plead guilty, following the examples of Caroline Ellison, Gary Wang and Nishad Singh.

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Tornado Cash developer pleads not guilty to charges of conspiracy, money laundering

Roman Storm, a key developer behind cryptocurrency mixer Tornado Cash, pleaded not guilty to several criminal charges, Inner City Press said on Sept. 6. That report indicates that Storm pleaded not guilty to charges contained within an earlier indictment.

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Tornado Cash developer Roman Storm pleads not guilty to charges of conspiracy, money laundering; released on $2M bond

Roman Storm, a key developer behind cryptocurrency mixer Tornado Cash, pleaded not guilty to several criminal charges, Inner City Press said on Sept. 6. That report indicates that Storm pleaded not guilty to charges contained within an earlier indictment.

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Celsius (CEL) price remains strong even as ex-CEO assets get frozen

At the time of writing, Celsius was trading at $0. 1439, up 13. 87% in a day. The former Celsius CEO, Alex Mashinsk, was arrested on July 13 this year. Alex Mashinsk is facing criminal and civil charges for his involvement in the now-defunct platform.

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Sam Bankman-Fried pleads not guilty as lawyers complain about neglected vegan diet, prescription medications

FTX founder and former CEO Sam Bankman-Fried has once again pleaded not guilty to criminal charges brought against him in connection with the collapse of the exchange. That report indicates that Bankman-Fried appeared in court for the first time since his bail was revoked in early August, as lawyers raised complaints about his holding conditions […] The post Sam Bankman-Fried pleads not guilty as lawyers complain about neglected vegan diet, prescription medications appeared first on CryptoSlate.

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Campaign-Finance Charges Are Back on the Menu

I didn’t really have anything prepared to write about this week but the Department of Justice is on it. Prosecutors told the judge overseeing Sam Bankman-Fried’s criminal trial that they intend to fold campaign finance allegations into a wire fraud charge, after announcing they would have to drop the campaign finance charge itself due to treaty obligations with the Bahamas.

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U.S. Department of Justice weighing Binance criminal charges against risk of market panic: Report

Semafor reports today that U. S. Department of Justice (DOJ) officials are deliberating potential fraud charges against the cryptocurrency exchange giant, Binance, but have concerns over protecting American investors already participating in crypto markets, citing sources familiar with the matter.

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Sam Bankman-Fried Maybe Hasn’t Escaped Campaign Finance Charges

Prosecutors just withdrew a campaign finance charge ahead of Sam Bankman-Fried’s criminal trial this October. That doesn’t mean the U.S. Department of Justice is letting the FTX founder off on alleged criminal conduct, however – and campaign finance charges could still be tried later.

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Judge Gives Time until October 3 to Review Documents in Former Celsius CEO Alex Mashinsky’s Case

Coinspeaker Judge Gives Time until October 3 to Review Documents in Former Celsius CEO Alex Mashinsky’s Case The US SEC has recently filed a lawsuit against Alex Mashinsky over criminal charges and securities fraud.

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UK Regulatory Authority Declares Crypto Memes as Financial Advertisements

Proposed Regulations by UK Watchdog: Crypto Memes Could Lead to Criminal Charges and Disclaimers for Firms and Influencers The Financial Conduct Authority (FCA) in the United Kingdom has put forth a proposal that could potentially result in imprisonment for up to two years for individuals found in violation of financial promotion rules concerning crypto memes.

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US Attorney’s Office announces criminal fraud charges against Alex Mashinsky

Authorities said they had reached a “non-prosecution agreement” with Celsius, but former CEO Alex Mashinsky will face criminal charges related to fraud and misleading users.

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Bankrupt FTX Crypto Exchange Faces Further Setbacks, Anthropic AI Startup Sale Abandoned

Crypto exchange FTX has stopped the sale of AI startup Anthropic, despite multiple bidders showing interest. The judge has upheld most criminal charges against FTX's Sam Bankman-Fried. The post Bankrupt FTX Crypto Exchange Faces Further Setbacks, Anthropic AI Startup Sale Abandoned appeared first on BeInCrypto.

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Judge rejects SBF’s motions to dismiss criminal charges, citing lack of merit

A federal judge presiding over the case involving former FTX CEO Sam Bankman-Fried (SBF) has rejected the motions presented by his legal team, which aimed to dismiss all but three of the criminal charges.

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FTX's SBF Fails to Get Criminal Charges Dismissed

Judge Lewis Kaplan has denied his motion to dismiss or sever most of the charges in his thirteen-count criminal indictment

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Judge says arguments behind SBF’s motions to dismiss criminal charges are ‘moot or without merit’

Former FTX CEO Sam Bankman-Fried will likely still face 13 criminal counts over two separate trials starting in October 2023 and March 2024.

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Judge Rejects FTX Founder Sam Bankman-Fried's Motions to Dismiss Criminal Charges

U.S. Judge Lewis Kaplan denied several of Sam Bankman-Fried's motions to dismiss criminal charges against him. He had previously denied the FTX founder's remaining motions to dismiss charges.

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