Tom Wilson

Nov 21, 2023 | kfgo.com | Tom Wilson

By Tom WilsonLONDON (Reuters) – The most powerful man in crypto has lost his crown – and could see his freedom curtailed as well. Binance chief Changpeng Zhao on Tuesday stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world’s largest crypto exchange, prosecutors said.

Nov 21, 2023 | srnnews.com | Niket Nishant |Hannah Lang |Tom Wilson

Factbox-Which crypto bosses besides Binance’s CZ are in US authorities’ crosshairs? By Niket Nishant, Hannah Lang and Tom Wilson(Reuters) -Binance chief Changpeng Zhao will step down and plead guilty to breaking criminal U.S. anti-money laundering laws as part of a settlement resolving a years-long probe into the world’s largest crypto exchange, prosecutors said on Tuesday. But he’s not the only one in regulators’ sights.

Nov 21, 2023 | msn.com | Tom Wilson

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Nov 21, 2023 | kfgo.com | Tom Wilson

By Tom Wilson and Elizabeth HowcroftLONDON (Reuters) – Crypto investors have welcomed the prospect of a resolution of a long-running U.S. criminal investigation into Binance, reckoning any deal that allows the major exchange to continue operating would remove a nagging risk to the wider market. The U.S. Justice Department (DOJ) is seeking over $4 billion from Binance as part of a proposed resolution of its probe, Bloomberg reported on Monday, citing people familiar with the discussions.

Nov 20, 2023 | zawya.com | Niket Nishant |Tom Wilson |Tom Wilson

The U.S. Justice Department is seeking more than $4 billion from Binance Holdings as part of a proposed resolution of a years-long investigation, Bloomberg News reported on Monday, citing people familiar with the discussions. Negotiations between the Justice Department and Binance include the possibility that the cryptocurrency exchange's founder, Changpeng Zhao, would face criminal charges in the United States, the report said.