Changpeng Zhao | ForkLog

ForkLog 34 29.06.2024

Court Allows Most SEC Claims Against Binance to Proceed

Judge Amy Berman Jackson of the District Court for the District of Columbia has partially dismissed the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Binance, though most allegations will be considered. She granted the exchange’s motion to dismiss the regulator’s claims regarding secondary sales of the BNB token, the offering of the BUSD stablecoin, […]

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ForkLog 70 15.06.2024

Forbes: Changpeng Zhao Holds 64% of Circulating BNB

Changpeng Zhao (CZ), the founder of the cryptocurrency exchange Binance, holds 64% of the total BNB supply—nearly 94 million BNB (~$57 billion), according to Forbes. The publication states that CZ ranks 24th among the world’s wealthiest individuals with a net worth of $61 billion. He leads the list of crypto billionaires, followed by Coinbase founder […]

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ForkLog 44 01.06.2024

Changpeng Zhao Begins Prison Sentence in California

Former CEO of the cryptocurrency exchange Binance, Changpeng Zhao (CZ), has arrived at the federal prison in Lompoc, California, to serve his sentence. This was reported by CNBC. The information was confirmed to the publication by the law firm Latham & Watkins, which represented Zhao. In late April, a federal court in Seattle sentenced the […]

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ForkLog 19 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 10 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 77 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 87 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 17 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 22 24.04.2024

US Prosecutors Seek 36-Month Sentence for Binance Founder Changpeng Zhao

Changpeng Zhao (CZ), the founder and former CEO of Binance, faces a 36-month prison sentence after pleading guilty to violating anti-money laundering laws. This is according to a motion filed by US prosecutors, reports Reuters. “Given the scale of the deliberate violation of US law and its consequences, a sentence exceeding the established term of […]

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ForkLog 8 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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ForkLog 8 17.04.2024

Experts Weigh Potential Sentence for Former Binance CEO

A court hearing is scheduled for April 30, where the punishment for Changpeng Zhao (CZ), the founder and former CEO of the cryptocurrency exchange Binance, will be determined. In a discussion with Cointelegraph, lawyers and politicians explored possible outcomes. Charges The former CEO of the trading platform will appear before a judge nearly six months […]

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ForkLog 368 03.04.2024

Yi He: The Influential Force Behind Binance

In a move to comply with regulatory requirements, cryptocurrency exchange Binance has disclosed the composition of its board of directors. The board includes the platform’s CEO Richard Teng and three top executives: Heina (Guanying) Chen, Jingkai (Rock) He, and Lilai Wang. External board members are Gabriel Abed, former ambassador of Barbados to the UAE, Arnaud […]

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