Binance founder steps down & plea GUILTY to money-laundering !!!

JUST IN: Binance CEO Changpeng Zhao (CZ) facing 18 months in prison as part of his plea deal with the US Government.
 
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Should we pray for binance as we have thousands in it?
 
That's for good for sure,
They has been suspending many accounts in my country for political reasons,
Although many of them were trying to support damaged people because of the war,
Not only picking side, but going against the help of the others
 
Cyberslu said:
Last time I checked it should be fine. Its not like X where it depends on him to hold the company together or burn it to the ground.
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That's better. But it will not take long to vanish money within seconds, as it happened with FTX. So it is more threatening than X I suppose.
 
First Sam Altman and now CZ... who's next? Diamond Damien gets kicked off Blackhatworld?
 
maybe if we buy binance coins now, in 2 - 3 years they'll recover
 
RoboTech said:
First Sam Altman and now CZ... who's next? Diamond Damien gets kicked off Blackhatworld?
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The US government is more going after crypto exchanges like Kraken for poor KYC compliance and will be accused of 'money laundering'.They want collect crypto taxes from US citizens that was dodging crypto taxes for all of those years.
 
1SEOWarrior said:
That's better. But it will not take long to vanish money within seconds, as it happened with FTX. So it is more threatening than X I suppose.
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It could be. The current outcome really just clarified wha was suggested to be happening by speculators for months. Ever since it was a risky gambe to keep using it, to a degree.
 
Just in
email from Binance
Fellow Binancians,

We are pleased to share that Binance has reached agreements with U.S. authorities resolving historical registration, compliance, and sanctions issues. We have been preparing for this moment and are confident that you will not see any impact on the user experience or functionality. In fact, through this process, our platform has become even safer and more secure.

For more information on the details of the resolutions, please see our blog post.

This announcement allows our company to turn the page on a challenging yet transformative chapter of learning and growth and to begin to share our vision for Binance’s exciting future and the future of the crypto industry.

The fundamentals of our business remain rock solid. Binance continues to operate the world's largest cryptocurrency exchange by volume. We take our responsibility as a custodian very seriously and maintain 1:1 backing for every user asset.This means that users can withdraw 100 percent of their assets from the platform at any time. Importantly, we have never faltered in upholding our core values. Our resolutions with the U.S. agencies:
- do not allege or indicate that Binance misappropriated any user funds, and

- do not allege or indicate that Binance engaged in any market manipulation.

We also want to share that Changpeng Zhao (CZ), founder and CEO of Binance, is stepping down from his role as CEO. As Binance’s majority shareholder, he will remain a resource available for consultation on historical areas of our business. Effective immediately, Richard Teng, Binance’s now former Global Head of Regional Markets, succeeds CZ as CEO.

Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. Prior to joining Binance, Richard was the CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market; the Chief Regulatory Officer of the Singapore Exchange (SGX), and the Director of Corporate Finance in the Monetary Authority of Singapore.

We strongly believe the crypto industry outlook is a bullish one. We have built a community and an ecosystem that empowers individuals to harness the power of blockchain technology to unlock opportunities for their families, communities, and economies around the world. In fact, our business continued to bring on millions of new users, even during the bear market of 2022 and in 2023, we surpassed the 150 million registered user milestone.

We thank you for choosing, and continuing to choose, Binance and for being a part of this community. If you have questions, feedback, or need support, please submit an inquiry through our customer service portal and we will respond as quickly as possible.

You are the driving force behind all that we do.
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moonshine7000 said:
The US government is more going after crypto exchanges like Kraken for poor KYC compliance and will be accused of 'money laundering'.They want collect crypto taxes from US citizens that was dodging crypto taxes for all of those years.
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This. US Gov pressuring exchanges, saying you must pay your dues to stay in the US market.
 
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