Binance Gets New CEO After Changpeng Zhao Steps Down
Richard Teng has been named CEO of Binance Exchange, as the cryptocurrency trading company navigates the market without CZ. Changpeng “CZ” Zhao, the co-founder and former CEO of Binance Exchange, has nominated Richard Teng , the company’s previous Head of Regional Markets, to take over as CEO during what may be considered the most important […]
Binance Visa Debit Card Discontinued in Europe Due to Regulation
Due to regulatory scrutiny and cost-cutting , Binance Visa debit card services in Europe will be discontinued. Existing cardholders may continue to use their cards until December 20, per BBG. According to reports, Binance will discontinue its Visa debit card service in Europe. The decision comes as Binance faces intensifying regulatory scrutiny and withdrawals from […]
Brazil’s Congress Proposes Indicting Binance CEO CZ
Changpeng Zhao and three local Binance executives have been recommended for indictment for fraud and other financial offenses by a congressional committee. A Brazilian congressional committee has recommended that Binance CEO Changpeng “CZ” and three other Binance executives be indicted following an investigation into financial pyramid operations in Brazil. On October 10, the committee issued […]
CZ Authorizes Binance Security to Track Huobi HTX Stolen Assets
HTX took a proactive stance to mitigate potential harm by providing a “white-hat bonus” equivalent to nearly $400,000, which constituted 5% of the funds that had been drained. Shortly after HTX, the cryptocurrency exchange formerly known as Huobi reported a hacking incident resulting in an $8 million loss, Binance CEO Changpeng “CZ” Zhao offered the […]
U.S. SEC Alleges Binance.US in $250M Suspicious Fund Transfers
The U.S. Securities and Exchange Commission (SEC) has expressed concerns about Binance’s questionable fund transfers, according to court records. In publicly released court documents , the SEC reported that on June 6, Binance CEO Changpeng Zhao withdrew $250 million from Binance.US Subsidiary BAM Management and subsequently transferred this sum to BAM Trading, the entity behind […]