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CZ
Binance CEO Calls CFTC Lawsuit an ‘Incomplete Recitation of Facts’
In a blog post Monday, Binance CEO Changpeng "CZ" Zhao said that the company did not agree with the characterization of many of the issues alleged in the CFTC's complaint and touted the exchange’s compliance technology. "The Hash" panel discusses CZ's response and the implications for the broader crypto industry.
Binance Case Is Clear Evasion of Law, Says CFTC Chair Behnam
The CFTC on Monday filed suit against the crypto exchange and CEO Changpeng Zhao.
Binance CEO Zhao Calls CFTC Suit an ‘Incomplete Recitation of Facts’
In a blog post, Changpeng Zhao wrote the company did not agree with the characterization of many of the issues, and touted the exchange’s compliance technology. He also wrote that he had only two Binance accounts.
Bitcoin Briefly Slips Below $27K as CFTC Sues Binance
Bitcoin (BTC) briefly dipped below $27,000 as crypto traders react to the CFTC suing Binance and its CEO Changpeng "CZ" Zhao. In the last 24 hours, Binance has seen a net outflow of $400 million on Ethereum, according to blockchain analytics firm Nansen. This compares to a net flow of $2 billion over the past seven days. Hxro founder Dan Gunsberg weighs in.
Binance, CEO Zhao Sued by CFTC Over 'Willful Evasion' of U.S. Laws, Unregistered Crypto Derivatives Products
The CFTC alleged Binance offered unregistered crypto derivatives products and directed U.S. customers to evade compliance controls through the use of VPNs.
CZ Responds to Forbes Report that Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year
Forbes reports that Binance moved $1.8 billion of collateral meant to back its customers' stablecoins to hedge funds last year. In a tweet, Binance CEO Changpeng Zhao, also known as "CZ," responded to the article, stating in part "they referred to some old blockchain transactions that our clients have done." The co-author of the article and Forbes Director of Data and Analytics Javier Paz, responds to CZ's tweet on "First Mover."
Binance CEO: BUSD Is Not Issued by Binance
Binance’s Chief Executive Officer Changpeng “CZ” Zhao distanced himself from the Binance-branded stablecoin BUSD, after regulatory action caused minting to cease. “BUSD is not issued by Binance,” CZ said at a Twitter Spaces on Tuesday. “We have an agreement to let them [Paxos] use our brand, but that's not something that we created.” "The Hash" panel discusses the latest developments and industry implications amid mounting U.S. crypto regulatory pressure.
Binance's CZ on Time Management: It's About Saying 'No'
Changpeng "CZ" Zhao, CEO of crypto exchange Binance, outlines his time management guidelines in a recent blog post, noting that he doesn't cook, shop, or watch TV. "The Hash" panel discusses the lifestyle insights from the crypto executive, on the heels of Vitalik Buterin's post last year regarding his '40-liter backpack travel guide.'
Binance CEO Warns Staff of Turbulent Times Ahead
Binance CEO Changpeng "CZ" Zhao has warned his staff to expect turbulent times ahead as the giant crypto exchange sees a wave of crypto outflows amid concerns about its financial health, according to an internal memo. "The Hash" panel discusses the latest fallout of crypto winter and what this means for Binance.