Binance and CZ Face Lawsuit Archives - CoinObserver.net

Binance’s $4.3 Billion Deal Receives Approval: Focus Turns to CZ’s Sentencing Hearing

OarSmaN E.E.5 months ago5 months ago05 mins

U.S. District Judge Richard Jones sanctioned the agreement between Binance, the U.S. Department of Justice, and the Commodity Futures Trading Commission. This crucial decision solidifies Binance’s commitment to a $4.3 billion penalty, marking a significant chapter in the company’s legal history. Legal Evaluation At yesterday’s penalty hearing in Seattle, Judge Jones delivered a clear message:…

Binance and CZ Face Lawsuit Over FTX Collapse: “They Are Responsible”

Sasha Mednikova10 months ago9 months ago05 mins

Legal Action Amid FTX’s Collapse After the FTX collapse in the previous year, a lawsuit emerged against Binance and its CEO, Changpeng Zhao (CZ). The plaintiffs claim CZ intentionally caused a decline in FTX’s token, FTT, through his tweets. This legal action follows a tumultuous event in the crypto sector and raises questions about social…