In more blows to the cryptocurrency sector, two of its biggest players were sued this week by the Securities and Exchange Commission: On Monday, the agency filed charges against Binance, […]
Zhao, Changpeng
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Back to news homeSEC Accuses Binance of Mishandling Funds and Lying to Regulators
The Securities and Exchange Commission has accused Binance, the world’s largest cryptocurrency exchange, of mishandling customer funds as well as lying to regulators and investors about its operations in a […]
Binance Faces Mounting Pressure as U.S. Crypto Crackdown Intensifies
For years, the giant cryptocurrency exchange Binance has had a reputation for dodging regulators and skirting financial rules, all without significant consequences.Now the world’s largest crypto exchange is facing mounting […]
Crypto Wants Its Shine Back
At a cryptocurrency conference in Denver this month, a group of singers clad in bright orange onesies took the stage to perform what one industry website later described as an anthem for […]
In FTX Collapse, Binance Sees a Chance to Become the New Face of Crypto
Mr. Zhao founded Binance after a brief career in finance, including a stint at Bloomberg, where he built trading software. He created the exchange when he was living in Shanghai.But […]
Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed
The day before the embattled cryptocurrency exchange FTX filed for bankruptcy, Changpeng Zhao, the chief executive of the rival exchange Binance, sent an alarmed text to Sam Bankman-Fried, FTX’s founder.Mr. […]
The Crypto Industry Struggles for a Way Forward After FTX Collapse
“For us, this is actually a great moment,” said Jeremy Allaire, the chief executive of the crypto payments company Circle. “We’re delivering real value, and the people who focused on […]
Caroline Ellison Was a Little-Known Crypto Trader. Then FTX Collapsed.
When his cryptocurrency exchange started teetering in early November, Sam Bankman-Fried went on Twitter to calm everyone down. FTX was fine, he insisted. Nothing to worry about. Joining him in […]
How Sam Bankman-Fried’s FTX Crypto Empire Collapsed
“We won’t pretend to make love after divorce,” Mr. Zhao wrote on Twitter. “We won’t support people who lobby against other industry players behind their backs.”When FTX collapsed, Mr. Zhao […]
FTX’s Sam Bankman-Fried Says He Is Trying to Raise More Money
On Wednesday evening, Sequoia Capital, one of FTX’s largest backers, said it now considered its $213 million investment worthless in a letter to its own investors. The firm said FTX […]