U.S. prosecutors have stated that they believe Zhao’s crimes warrant a significant prison sentence. They have argued that his actions were a deliberate attempt to rapidly grow Binance’s operations and secure its status as the top cryptocurrency exchange.
Despite being released on a $175 million bond in the U.S., Zhao’s sentencing hearing is still set to take place on Apr. 30.
Details regarding the extradition process are expected to be ironed out in the coming days. The EFCC chairman has emphasized the commission’s commitment to addressing […]
Binance has issued a warning to its clients regarding the trading bot services offered for specific trading pairs. The exchange has advised users to discontinue […]
Investors have reported little change in the trading experience, and some say the settlement provides certainty amid continued regulatory scrutiny. Zhao’s wealth is expected to […]