Tag: Changpeng Zhao
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Malta Community Chest Fund is sitting on a crypto trove worth up to $36.6 Million
The Malta Community Chest Fund is sitting on up to $36.6 million of BNB tokens which were donate to it by Changpeng Zhao, the owner and founder of Binance, in 2018. This was the period was Binance was setting up its companies in Malta. Changpeng Zhao and Binance opened a wide-range of companies across the…
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Binance investigation in Malta was killed after Sandro Camilleri left the Police Force
Last year, the Department of the Justice and the Securities Exchange Commission were extensively busy collecting a large swathe of information about Binance across the jurisdictions where it was registered. Local authorities, including the FIAU and the Maltese Police received multiple requests for information by the US authorities on Binance as they prepared for the…
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Did Tether just get bailed out by Blackrock’s ETF?
There are very few people in this world who know the truth about Tether and among them are the FBI, the US security services, Tether’s founders and previous owners such as Giancarlo Devasini, and Tether’s banker Cantor Fitzgerald. Today, one man is in control of the most important asset in the crypto industry after bitcoin.…
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The indictment of Changpeng Zhao by the US Department of Justice is testament of the gross failure of European authorities
There is an issue that is extremely important to discuss in Europe in light of Changpeng Zhao’s deal with the US Department of Justice and the US government. The fact that CZ is being indicted in the US before any EU member-state could have prosecuted him in a European court is a testament that European…
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What happens to Tether after Binance’s settlement with the DOJ and the US government?
The historic images of crypto’s kingpin exiting a Seattle court last Tuesday after he pleaded guilty to a host of criminal charges were expected. The timing was also expected, coinciding roughly with one year after the FTX implosion and soon after its founder and CEO Sam Bankman Fried was sentenced. What wasn’t expected was that…
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Four ($4 billion)
Earlier this year Chanpeng Zhao of Binance told his followers to repeat “4” whenever someone “FUDs” Binance with fake news. A news item on Bloomberg has announced that the Department of Justice is seeking $4 billion in fines from Binance in exchange for ending ongoing investigations on money laundering activity on its exchange. A fine…
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Estonia’s shady crypto industry has been unravelled. Next in line is Binance in Lithuania
A very good and detailed investigative report has been published by vsquare.org on the shady and Russian-linked crypto industry in Estonia. The Baltics are serving as a safe haven for financial and crypto companies that get their licenses rejected in Western Europe, and in fact, one of these crypto-related companies that found a safe haven…
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The incoming take-down of Binance
In 2018, Binance sought to register its exchange and its headquarters in Malta. It set up two companies, Binance Europe Services Limited and Binance Marketing Limited, and began discussions with the regulator (the Malta Financial Services Authority) and the banks to officially register its exchange in Malta. While the government, led by Joseph Muscat was…
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Changpeng Zhao seems to have a rug under Tether’s feet
In the world of crypto two of the biggest industry players are feuding online. Binance’s Changpeng Zhao is not happy with Tether because it does not provide evidence for its proof of reserves although the real reason why CZ had a fall-out with Tether is yet unknown. The fact that Tether is not transparent is…
