Changpeng Zhao, founder of Binance, has become the richest prisoner in the US. This comes as Binance coin, or BNB, hit a record high of $717.48. Zhao began a four-month suspension for failing to properly handle money laundering on the world’s largest crypto-exchange.

Binance’s Changpeng Zhao becomes richest inmate in US history

After pleading guilty to violating US money-laundering laws, former Binance CEO Changpeng Zhao was sentenced to four months in prison on Tuesday. The second prominent Crypto CEO to be sentenced to prison, Zhao, also known as "CZ," was formerly thought to be the most influential person in the crypto sector.

Binance founder sentenced to four months prison

Cryptocurrency exchange platform Binance was used by Hamas and other terror groups to funnel funds, the US Treasury Department said, explaining reasons for charging the firm with money laundering accusations.

Cryptocurrency firm Binance used by Hamas, other terror groups to funnel money: US Treasury Department

Changpeng Zhao, the founder and CEO of Binance, the biggest cryptocurrency exchange in the world, has resigned from his position following his guilty plea to violating US anti-money laundering laws. According to reports, Zhao has agreed to forego taking on a management role within the company for the next three years.

Binance appoints a new CEO Richard Teng after Changpeng Zhao's departure

As part of a comprehensive deal to settle a US criminal investigation against ex-CEO Changpeng Zhao, Richard Teng assumed the role of CEO at Binance on Tuesday. The leadership transition at Binance follows Changpeng Zhao's guilty plea to anti-money laundering violations and an agreement to pay a $50 million fine.

Richard Teng is new Binance CEO amid regulatory changes

Founder-CEO of Binance, the world's largest Cryptocurrency exchange Changpeng zhao, steps down from his role after pleading guilty to breaking US anti-money laundering laws. Zhao agrees to pay $4.3 billion as a settlement deal in a Seattle court. Including a personal payout of $50 million, to resolve the matter.

Gravitas: How 2022 shocked, rocked and rolled global markets

US regulators on Monday (June 5) charged cryptocurrency giant Binance with violating securities laws which collectively amounted to what the regulators called "an extensive web of deception" and "calculated evasion of the law.

Explained: US charges crypto giant Binance with violating securities laws. What's the case?

Binance and its founder-CEO Changpeng Zhao are accused of operating a web of deception that included artificially inflating its trading volumes and diverting customer assets. The US regulators also alleged that Sigma Chain, a trading firm owned and controlled by Zhao, engaged in wash trading between September 2019 and June 2022. The wash trading included artificially inflating the trading volume of crypto asset securities on Binance.

US sues Binance, founder Zhao alleging securities law violations

Binance- the world's biggest crypto exchange and its Chief Executive Officer (CEO) and founder Changpeng Zhao were sued by the US Commodity Futures Trading Commission (CFTC) on Monday (March 27) for operating an allegedly ''illegal" exchange.

Explained: Who is Changpeng Zhao, Binance billionaire sued by US regulator?

After Binance reported record $1.9 billion in withdrawals during a 24-hour period between December 12 and December 13, its Chief Executive Officer Changpeng Zhao warned his colleagues to expect tough months ahead.

Binance braces for 'challenging period' after record $1.9bn outflows

Changpeng Zhao, the CEO of cryptocurrency exchange Binance, is the world's biggest crypto millionaire, with a fortune comparable to that of tech billionaires Elon Musk, Jeff Bezos, Bill Gates, and Mark Zuckerberg.

This ex-McDonald's cook is now the 11th richest person in the world

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