Changpeng Zhao said that the loan was the other way around, claiming that he was the one who lent $250 million to BAM Management.
Changpeng Zhao News
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A federal magistrate judge has denied the Securities and Exchange Commission’s request to gain immediate access to Binance.US’s software, asking the regulator to provide more specific requests for discovery.
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Binance said it will issue a series of airdrops worth up to $100 in BNB to users located in Morocco’s highly impacted Marrakech region.
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Despite the so-called FUD, Changpeng Zhao said in reality, the crypto industry has scored a number of massive wins in recent weeks.
4158 - Follow up
Binance CEO Changpeng Zhao sought to dismiss concerns around executive departures, claiming they are moving into bigger roles outside Binance, and said reports are market FUD.
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Binance product lead Mayur Kamat says he is passing the baton to “next-gen leaders” to take some time off after years of product work.
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Changpeng “CZ” Zhao declares that the cryptocurrency industry will only become better as it becomes more decentralized.
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According to the report, Europe is home to nine of the 10 least profitable countries for Bitcoin mining, based on household electricity costs.
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Binance Connect was shut down on Aug. 16 after Checkout.com discontinued supporting the crypto exchange.
4212 - Opinion
If the U.S. DOJ indicts Binance executives on charges similar to those already issued by regulators, could it have an unusual effect on the cryptocurrency market in the year ahead?
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The scheme consists of mirroring addresses and sending dust transactions to users to trick them into sending funds to the scammer’s wallet.
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Due to regulatory and transparency risks, CZ says that spreading risk across different stablecoins is key.
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BaFin reportedly advised Binance that CEO Changpeng Zhao wouldn’t pass a “fit and proper” test as part of the financial watchdog’s licensing regime.
10459 - Breaking news
Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC.
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Patrick Hillmann confirmed in a tweet that he would be departing the company “on good terms” after a two-year stint. The departure comes during a trying time for Binance.
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