On November 24th, Elizabeth Wong, the Director of Licensing and Head of Fintech at the Hong Kong Securities and Futures Commission, was asked on the Web3 Harbor podcast if Binance could obtain a license in Hong Kong after pleading guilty in the United States. She stated that without understanding how Binance would enter the market and its structure, it is currently uncertain. Wong was also asked if Binance would seek a license in Hong Kong under the leadership of new CEO Richard Teng, to which she replied that they are currently not on the list of virtual asset trading platforms applying for a license.

According to the latest developments in the CZ and Binance case, Christy Goldsmith Romero, a commissioner of the US Commodity Futures Trading Commission (CFTC), stated that there are no "pirate ships" in the US market, and that "contacting US customers is a privilege, not a right". The CFTC plans to continue actively investigating cryptocurrency exchanges that violate trade laws and will not tolerate behavior that may circumvent KYC rules, including only requiring users to prove they are not in the US in a pop-up prompt box. CFTC Commissioner Caroline D. Pham stated in another statement that the CFTC's jurisdiction has no borders, and the CFTC will not stop its investigation of non-US entities. (Business Insider)

As shown on the X (formerly Twitter) page, the account of Binance founder CZ has now been restored to normal. CZ has changed the name of the X account from the previous CZ Binance to the current CZ BNB, and the blue V certification mark has disappeared. The previous "warning: this account is temporarily restricted" may have been caused by the name change.

Changpeng Zhao, the founder of Binance and former CEO, has stated that he is mentally stable despite recent legal issues. He expressed gratitude for the support he has received from the public and Binance users, although he has not been able to respond to most of them. Zhao has joked in the past about retiring early as Binance CEO, but did not expect it to happen so soon or in this manner. He has been hit with legal enforcement action related to money laundering and Know-Your-Customer rules, and has pleaded guilty to charges of defaulting on anti-money laundering systems. He is currently on a $175 million personal recognizance bond and is prohibited from breaking the law or traveling out of the country until his sentence hearing in February.

According to official announcements from DeepFlow Tech, Binance has completed the integration and replacement of Chiliz (CHZ) 2.0 mainnet. Chiliz (CHZ) tokens and Chiliz fan tokens are now available for deposit and withdrawal on relevant networks.

Binance Futures will remove BTC/BUSD and ETH/BUSD cross and isolated margin trading pairs on December 7th, 2023 at 14:00 (UTC+8).

Nansen stated on X platform that there has been no large-scale outflow of assets from Binance. On the evening of the 22nd, the position assets increased from $64.6 billion in the morning to $65.2 billion.

Documents show that US prosecutors have requested a federal judge to prevent Binance founder Zhao Changpeng from returning to the UAE before sentencing. The US Department of Justice has requested that the federal court require Zhao to stay on US soil during his guilty plea and sentencing hearings. <br>

Blockchain analytics company Nansen has reported that despite a settlement for civil and criminal charges against Binance and its CEO, Changpeng “CZ” Zhao, there has not been a significant outflow of funds from the exchange. Nansen stated that while there was a $956 million net outflow on Ethereum within 24 hours of the $4.3 billion settlement announcement by the US Department of Justice, Binance's total holdings increased to over $65 billion. Nansen also noted that withdrawals are continuing, and there has not been a mass exodus of funds. Tether (USDT) holdings on Binance decreased the most over the last 24 hours, while holdings of XRP and TrueUSD (TUSD) remained steady.

Data firm Nansen has reported that investors withdrew approximately $956 million from Binance within the past 24 hours, following the resignation of the exchange's chief, Changpeng Zhao, who pleaded guilty to violating US anti-money laundering laws. Binance has agreed to pay $4.3 billion to US authorities to settle a long-standing illicit finance investigation, which has raised concerns about the future of the world's largest crypto exchange. While Zhao has been replaced by Richard Teng, a senior Binance executive, the news has still unsettled some customers of the exchange, although the outflows are relatively small compared to the platform's total holdings.