‘I will do my time’: Binance founder after getting 4-month jail in US
Changpeng Zhao pleaded guilty to breaking money laundering rules; prosecutors say Binance caused violations above $898 mn
Changpeng Zhao pleaded guilty to breaking money laundering rules; prosecutors say Binance caused violations above $898 mn
The crypto firm, which until last month was a shining star among crypto investors and enthusiasts, collapsed dramatically, wiping off billions of dollars of customer deposits overnight.
Crises emerged after reports about shaky financial health of Sam Bankman-Fried’s FTX and its sister firm Alameda Research gained ground and led to a huge selloff, causing a liquidity crunch.
Crypto worth $718 million stolen from DeFi protocols in October so far. Of the total 11 hacks in October, four hacks were reported on Oct 12 alone.
Owners disown WazirX after allowing it to facilitate around 16 accused fintech companies to allegedly launder proceeds using the crypto route