Binance CZ

DOJ Pushes for Three-Year Prison Sentence for Binance’s CZ Following Guilty Plea

April 24, 2024

The U.S. Department of Justice has recommended a three-year prison sentence for Changpeng “CZ” Zhao, the founder and former CEO of Binance. This recommendation follows Zhao’s guilty plea last year for violating the Bank Secrecy Act. As per a filing by DOJ attorneys on

Community·Markets·Policy

FTX’s New Lawsuit Against Binance and CZ Seeks $1.76 Billion

November 12, 2024

The estate of the collapsed FTX crypto exchange is pursuing legal action against Binance and its former CEO, Changpeng Zhao, or CZ, in an effort to recover $1.76 billion. In the filing, FTX contends that these funds were fraudulently funneled to Binance executives in July 2021 as part of a shares repurchase deal with co-founder