Binance | ForkLog

ForkLog 13 06.05.2024

Binance to Delist Several Margin Trading Pairs

The cryptocurrency exchange Binance will reduce leverage and delist perpetual options for several positions. From May 13, the platform will cease trading in the following pairs: USDⓈ-M/STPTUSDT; USDⓈ-M SNTUSDT/MBLUSDT. Support for USDⓈ-M/RADUSDT and USDⓈ-M/CVXUSDT will end a day later. Users of Binance Futures are advised to close positions in these pairs by the specified dates […]

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ForkLog 11 02.05.2024

CoinDesk Explores Reasons Behind Lenient Sentence for Binance’s Changpeng Zhao

Former Binance CEO Changpeng Zhao (CZ) was sentenced to four months in prison, a relatively short term attributed to his reputation, according to CoinDesk. During the hearings, the judge, lawyers, and even prosecutors acknowledged that CZ was not a “typical defendant” in criminal cases. They viewed him as a philanthropist, a first-time offender, and a […]

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ForkLog 6 01.05.2024

Industry Reacts to Changpeng Zhao’s Sentencing

The community and industry participants have reacted strongly to the sentencing of Binance founder Changpeng Zhao (CZ), who is to serve four months in prison. CZ himself expressed gratitude for the “care and support.” I would like to thank everyone for your care and support, be it writing letters, showing support on X, or in […]

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ForkLog 57 30.04.2024

Binance Founder Changpeng Zhao Sentenced to Four Months in Prison

A federal court in Seattle is currently hearing the case of Changpeng Zhao (CZ), where U.S. authorities accuse the former head of Binance of money laundering and other illegal activities.

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ForkLog 70 25.04.2024

Yi He Defends Changpeng Zhao Amidst Legal Challenges

Yi He shared memories of her early work with Changpeng Zhao. She spoke about his charitable initiatives and support for employees. According to her, CZ’s main mistake was a lack of legal knowledge. In a letter to the judge, Binance co-founder Yi He recounted her acquaintance with Changpeng Zhao (CZ), as well as his goals […]

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ForkLog 12 24.04.2024

Changpeng Zhao Admits to “Poor Decisions” and Accepts Responsibility

Changpeng Zhao (CZ), founder and former CEO of Binance, apologized for “poor decisions” and accepted “full responsibility” for his actions in a letter to the judge, as reported by CoinDesk. In November 2023, CZ pleaded guilty to failing to maintain an effective anti-money laundering program at Binance during his tenure as the company’s head. As […]

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ForkLog 30 24.04.2024

Binance Burns Over $1.17 Billion in BNB Tokens

Cryptocurrency exchange Binance has conducted its 27th quarterly burn of Binance Coin (BNB) tokens, removing 1.94 million coins worth $1.17 billion from circulation. The 27th quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC) during the ongoing BNB Chain Fusion. ?1.94M #BNB has been burned ? View burn details ⬇️ https://t.co/N2pp3Lu5Sf […]

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ForkLog 15 23.04.2024

Binance Faces Canadian Lawsuit Over Securities Violations

A class action lawsuit has been filed against Binance in Canada. A group of investors claims the exchange violated local securities laws. The plaintiffs, represented by Christopher Lochan and Jeremy Leader, allege that the platform sold cryptocurrency derivatives to retail users without proper registration. The investors have demanded compensation from Binance and an end to […]

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ForkLog 11 23.04.2024

Binance Introduces Spot Copy Trading

Cryptocurrency exchange Binance has announced the launch of spot copy trading, as reported to ForkLog by representatives of the platform. The new tool allows users to track and automatically execute the same trades as leading traders. These traders, in turn, will receive a 10% share of profits and a 10% discount on fees from users […]

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ForkLog 9 21.04.2024

Nigerian Court Adjourns Binance Tax Evasion Case

A Nigerian court has postponed the tax evasion trial involving cryptocurrency exchange Binance and two of its senior executives to May 17, according to local publication Business Day. On February 25, Nigerian law enforcement detained Tigran Gambaryan, the Vice President for Global Intelligence and Investigations at the platform, and Nadeem Anjarwalla, the Director for West […]

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ForkLog 12 19.04.2024

Binance CEO Describes Upcoming Bitcoin Halving as Unique

The anticipated Bitcoin halving on April 20 will occur amidst significant events in the cryptocurrency ecosystem, according to Binance CEO Richard Teng, as reported by The Block. The executive noted that historically, digital gold has appreciated within six months following each halving event, but the dynamics depend on numerous factors. “In addition to the approval […]

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ForkLog 7 19.04.2024

Binance Co-Founder Comments on Changpeng Zhao’s Legal Situation

Former Binance CEO Changpeng Zhao (CZ) is in a “positive situation” ahead of his sentencing in the US on April 30. This was stated by the platform’s co-founder and head of Binance Labs, Yi He. According to her, CZ’s current position in the US is generally calm, and past regulatory pressure was anticipated. He described […]

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