Forbes: Binance regional market director Richard Teng is a potential CEO candidate
Citing sources from Forbes, Richard Teng, the head of Binance's regional markets, may replace CEO Zhao Changpeng. However, negotiations are still ongoing and the situation may change. Teng previously oversaw the company's operations in Europe and Asia. According to sources, Binance is also preparing to announce the members of a new board of directors, which will oversee the company's management and hire a US-based third-party regulatory agency as part of its trading.
People familiar with the matter: Binance’s fine is $4.368 billion, including $3.4 billion from the Treasury Department and $968 million from OFAC
According to sources cited by Reuters, the United States will impose a fine of over $4 billion on Binance, including $3.4 billion from the Financial Crimes Enforcement Network (FINCEN) of the US Treasury Department and $968 million from the Office of Foreign Assets Control (OFAC) (totaling $4.368 billion).
WSJ: Binance founder Changpeng Zhao agrees to resign and pleads guilty
Sources familiar with the matter revealed that the CEO of Binance plans to resign and has admitted to violating US anti-money laundering criminal requirements. This move may allow the company to continue operating.
BNB fell nearly 10% in a short time and is now quoted at $242
According to OKX market data on November 22nd, BNB fell nearly 10% in a short period of time and is now priced at $242.
Bloomberg: Binance founder CZ has appeared in Seattle court
According to Bloomberg Terminal information on November 22, Binance founder CZ appeared in a Seattle court. As previously reported by BlockBeats, US regulators today imposed a $4.3 billion fine on the world's largest cryptocurrency trading platform Binance. Founder CZ agreed to resign and plead guilty, and will not be allowed to hold executive positions at Binance, but will still retain the majority of Binance's equity. CZ will also personally appear in federal court in Seattle on Tuesday afternoon to plead his case.
Forbes: CZ considering resigning after criminal investigation ends
According to Forbes, Binance founder and CEO CZ is discussing resigning after the criminal investigation is over.
Binance recently transferred over 3.9 billion USDT from its cold wallet to its hot wallet
According to information on the Tron chain, an address labeled "Binance-Cold 2" transferred over 3.9 billion USDT to a hot wallet address labeled "Binance 3" on November 9th. The US Department of Justice will announce a cryptocurrency enforcement action on November 22nd at 4:00 and will announce a settlement agreement with Binance at an early morning press conference. Reported yesterday that the US Department of Justice is seeking a fine of over $4 billion from Binance to settle related criminal charges.
Binance institutional account manager Marcus Bacchi-Howard quits
According to sources, Marcus Bacchi-Howard, the institutional client manager at Binance, has resigned. According to his LinkedIn profile, Marcus Bacchi-Howard left Binance in November 2023. Marcus Bacchi-Howard worked at Morgan Stanley for ten years before becoming a derivatives trader and joining Binance in May 2022.
Binance transferred over 3.9 billion USDT from its cold wallet to a hot wallet address 12 days ago
On November 21st, according to information on the Tron blockchain, an address labeled "Binance-Cold 2" transferred over 3.9 billion USDT to a hot wallet address labeled "Binance 3" on November 9th. Earlier this morning, it was reported that the US Department of Justice is seeking over $4 billion in fines from Binance to settle related criminal charges, with the plan potentially being released by the end of this month.
US Justice Department seeks $4 billion from Binance to end criminal case: Bloomberg
The U.S. Department of Justice is seeking $4 billion from crypto exchange Binance as part of a deal that could end its ongoing investigation.
