Category: Cryptocurrency News
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Binance Founder Changpeng Zhao Receives Four-Month Prison Term
A federal judge in Seattle ordered Changpeng Zhao to serve four months in custody for Bank Secrecy Act breaches that occurred during his tenure as chief executive of Binance, the largest cryptocurrency exchange by trading volume. The sentence fell well short of the three year term prosecutors requested and exceeded the probation Zhao’s attorneys proposed.…
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FTX To Begin Repaying Customers in Early 2025 – What You Need To Know
Customers who held balances of $50,000 or less on FTX will receive the first repayments in early 2025. The plan takes legal effect on 3 January 2025. Payments must reach eligible accounts within sixty calendar days after that date. The court approved bankruptcy blueprint advertises a 119 % recovery rate for most account holders, yet…
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