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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:…
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…
The legal battle between Binance and U.S. regulators continues to intensify, with Binance.US recently laying off approximately one-third of its staff amidst legal proceedings. The U.S. Securities and Exchange Commission (SEC) claims that Binance failed to provide adequate documentation despite agreeing to expedited discovery. SEC’s Allegations The organization responsible for Binance’s U.S. subsidiary, BAM Trading…