Tag Archives: Changpeng Zhao (CZ Binance)

Osprey Funds, LLC, a U.S.-based crypto investment firm, has announced that the Osprey BNB Chain Trust is now publicly quoted on the OTCQX® Best Market. Interestingly, the fund happens to be the first in the US to provide exposure to BNB, the native token of the BNB Chain ecosystem. It aims to offer a way for investors to access the cryptocurrency through traditional brokerage and IRA accounts. BNB Gains US Accessibility In its official press release this week, Osprey...

A recent endorsement by former Binance CEO Changpeng Zhao (CZ) of the blockchain-driven travel platform Travala has skyrocketed its AVA token by more than 300% in the last 24 hours. The surge also follows a series of announcements, including new market listings and milestone achievements for the company. CZ’s Influence On December 11, Travala reported that its annual revenues had reached $100 million, up from $59.6 million in 2023. This achievement was made possible by the...

Ki Young Ju, the CEO of blockchain analytics firm CryptoQuant, has expressed his support for former Binance CEO Changpeng Zhao (CZ) as his four-month prison sentence nears its conclusion. Zhao began serving his sentence in June 2024 after admitting to breaches of the US Bank Secrecy Act (BSA). Ki Young Ju’s Statement His guilty plea involved not preventing money laundering on Binance, resulting in a $4.3 billion penalty for the company and a $50 million fine for Zhao himself....

Former Binance CEO Changpeng ‘CZ’ Zhao has been transferred from FCI Lompoc II to the RRM Long Beach halfway house in California, sparking confusion among X users who mistakenly believed he had been released. Despite the change in his location, CZ remains incarcerated. The RRM Long Beach facility, categorized as a ‘residential reentry management (RRM) field office,’ is designed to assist inmates nearing their release but does not equate to a full release. InmateAID – which is...

Binance.US said that it is prepared to defend itself against the US Securities and Exchange Commission after a court ruled that the regulatory agency’s case against the crypto exchange could continue. In its official statement on X, the US arm of crypto giant Binance affirmed that the “fight continues.” Binance.US Slams SEC’s Enforcement Tactics The crypto exchange said that it has used the “limited guidance” that the SEC has offered to the crypto industry to operate its...

Binance founder and former CEO – Changpeng Zhao a.k.a CZ – received a four-month prison sentence after pleading guilty to violating US anti-money laundering laws at the world’s largest cryptocurrency exchange. In the first tweet following the sentencing, CZ revealed his intention to remain a passive investor and holder in the crypto industry while simultaneously highlighting the importance of compliance in the industry. CZ Reacts In his final tweet before beginning his...

Changpeng Zhao (aka “CZ”) – the founder and former CEO of crypto exchange giant Binance – has been sentenced to 4 months in prison after a hearing in a Seattle courthouse on Tuesday. The sentencing follows CZ’s guilty plea to running afoul of know-your-customer and anti-money laundering requirements at his exchange in November. During the hearing, Judge Richard Jones acknowledged tht CZ had “accepted responsibility” for his actions, and that his actions at Binance were of a...

Binance founder and former CEO Changpeng Zhao (CZ) has publicly apologized for what he described as “poor decisions” and has taken “full responsibility” for his actions. Meanwhile, Binance co-founder He Yi said that while he acknowledges that CZ may have made mistakes, his biggest one was ignorance. CZ Issues Apology and Appeals for Second Chance Following his November 2023 settlement of charges with the U.S. Department of Justice (DOJ), Changpeng Zhao (CZ) is scheduled for...

Following his departure from the crypto exchange Binance last November, the company’s founder and former CEO Changpeng Zhao, also known as “CZ,” is looking to establish a non-revenue, free education project. The new venture targets underprivileged kids who have no access to education in developing countries. A Free, Online Education Platform for Children In an X post on March 19, Zhao said that the new project, called Giggle Academy, is “gamified” and “adaptive” and will...

In a recent development in the continuing legal situation involving Changpeng Zhao, the ex-CEO of Binance, the United States has instructed him to surrender all his active or expired passports to a designated third party. This directive was revealed in a legal filing submitted on March 12, changing Zhao’s bond conditions for release. Travel Restrictions and Bans According to the filing, United States District Judge A. Jones, presiding over the case, has stipulated that Zhao...