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...Its former chief executive, Changpeng Zhao, also pleaded guilty to a criminal charge related to money laundering and resigned from his position....
...His exchange also agreed to pay $4.3bn in fines after pleading guilty to charges relating to money laundering and breaching sanctions, a record penalty handed out by the US Treasury....
...“Zhao’s sentence should reflect the gravity of his crimes,” said the DoJ this week....
...Binance’s position at the top of the cryptocurrency market is under threat as it reels from the US’s landmark punishment of the exchange, which exacted a $4.3bn settlement, tougher scrutiny and the loss...
...Bitcoin rose 4.5 per cent on Tuesday to touch $44,000, its highest point since March 2022....
...Binance chief executive Changpeng Zhao has resigned as he pleaded guilty to a US criminal charge of failure to protect against money laundering, as federal prosecutors unveiled a sweeping case against the...
...The Principles, you see, run to some 6,000 words — and here’s what happens 4,381 words in: The warning signs were there....
...Binance pleaded guilty to criminal charges relating to money laundering and breaching international financial sanctions, agreeing to pay $4.3bn in penalties....
...“In March, as companies accelerated their resumption of work and production after the spring festival, market activity increased,” Zhao Qinghe, senior statistician at the National Bureau of Statistics, said...
...The company also pleaded guilty to criminal charges related to money laundering and breaching international financial sanctions, agreeing to pay more than $4.3bn in penalties, US authorities said on Tuesday...
...More AI: Amazon has committed a further $2.75bn to Anthropic in the tech giant’s largest venture investment, bringing its total commitment to the AI start-up to $4bn. 4....
...The judge said that, while Zhao offered a significant bail package, it was “inadequate to ensure [Zhao’s] return when considering the vast resources and assets at his disposal”....
...Its founder Changpeng Zhao also stepped down as chief executive....
...A top US financial regulator has said the $4.3bn penalty levied on Binance by authorities last month was set at a high level to act as a deterrent to other groups, after the world’s largest cryptocurrency...
...Zhao last autumn pleaded guilty to US charges. He could face jail time even after Binance agreed to pay $4.3bn to settle its differences with the Feds....
...The yield on the 10-year Treasury has fallen from a peak of 5 per cent in October to 4.3 per cent, reflecting higher bond prices....
...Speaking of Binance, former chief executive Changpeng Zhao is still in the US....
...Often colourful, in 2019 Sun paid $4.6mn at a charity auction for dinner with legendary investor Warren Buffett....
...Binance founder Changpeng Zhao also pleaded guilty to failing to protect against money laundering and resigned from his position....
...Following the CFTC’s filing, Zhao wrote “4” on Twitter, a code to his followers instructing them to ignore “fake news” and “attacks”....
...Binance also made a $4.3bn settlement, marking “one of the largest corporate penalties in US history”, as Merrick Garland, attorney-general, triumphantly declared....
...Here’s the full story. 4. North Korea has announced that it is scrapping a package of military confidence-building measures signed with South Korea in 2018....
...Since the SEC approved bitcoin futures ETFs, FTX has gone down as one of the largest frauds in American history, and Binance paid a whopping $4.3bn fine to settle criminal charges....
...Binance chief Changpeng Zhao has resigned and pleaded guilty to a US criminal charge of failure to protect against money laundering....
...Its steady recovery this year gained momentum in November, particularly after US authorities fined Binance $4.3bn for breaching money laundering and financial sanctions....
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