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.
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 […]
The minister expressed confidence in the case against Binance, citing the evidence gathered. The next court hearing is scheduled for June 20, 2024, with Binance […]