Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: NikeFit_7777 on March 12, 2024, 01:31:29 PM

Title: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on March 12, 2024, 01:31:29 PM
(https://i.ibb.co/bQ5Q7L3/cz-binance.jpg)

Judge orders Binance CZ founder to surrender his passport - he faces up to 18 months in prison.

How beautifully the US took out Coinbase's main competitor right before the bullrun. Coincidence, of course.

Source link: https://www.wsj.com/livecoverage/cpi-report-today-inflation-stock-market-03-12-2024/card/binance-founder-must-surrender-passport-judge-orders-4LG328V5oubRkzZdnRgn
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Zed0X on March 12, 2024, 01:49:17 PM
How beautifully the US took out Coinbase's main competitor right before the bullrun. Coincidence, of course.
Why does it have to be attached to some conspiracy sh*t? He might have been targeted but you have to remember that CZ pleaded guilty. His team probably didn't think they could win the case because of the overwhelming evidence against him. Sometimes you have to be open to the idea that he was actually guilty.

Coinbase was also sued.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on March 15, 2024, 09:36:51 AM
Why does it have to be attached to some conspiracy sh*t? He might have been targeted but you have to remember that CZ pleaded guilty. His team probably didn't think they could win the case because of the overwhelming evidence against him. Sometimes you have to be open to the idea that he was actually guilty. Coinbase was also sued.
Because I don't believe in coincidences. If they wanted to, they would have shut it down years ago. Even then, there was a reason. CZ - rather hoped that he could pay off/influence the course of his personal case in some way. Alas, his story will probably end up in prison. I'm not surprised, though. He didn't need to drown his counterpart, Sam.

P.S. Even if Coinbase has problems. Note that there is no mention of them on the Internet. However, they are not so big compared to the news and CZ + Binance. Either way, time will tell how the course of events will play out.  8)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dkbit98 on March 15, 2024, 09:20:18 PM
I don't understand why CZ moved to United States from all the places on earth that are more crypto and regulations friendly ::)
I understand he tried to go the legal route with BinanceUS, but I think they want to make an example from him.
Centralized exchanges targeting is going to continue in future, so better be prepared and get used to using alternatives.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: electronicash on March 15, 2024, 09:51:57 PM

^ agree. of all place why US. i think he was trying to prove he isn't connected to the CCP but he still end up like the rest. if they are up to get you, they'd get you by hook or by crook.

and he could really die out there with note that he hang himself with his shoe lace.
its not coincident. so many weird things happening in the world today. even the whistle blower of Boeing died after testifying. this has got to be the most coincident if not planned. and then there are 2 binance executive in Nigeria being held hostage by the Nigerian security services.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Stompix on March 24, 2024, 06:03:06 PM
I don't understand why CZ moved to United States from all the places on earth that are more crypto and regulations friendly ::)

He didn't move to the US.
He surrendered voluntarily for the investigation, he knew what his exchange was accused of, and he knew he would face an international arrant on his name so he went by himself back in November to the States and surrendered the next day.
Unlike other morons, he knew that it was time to stop playing games or things will get uglier!

and he could really die out there with note that he hang himself with his shoe lace.

Why would he do that and why would the US execute him?
There is simply no need for that, they can seize Binance's papers whenever they want if they truly needed and if it was something that important do you think they would have waited for years?
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dkbit98 on March 25, 2024, 06:48:10 PM
He didn't move to the US.
He surrendered voluntarily for the investigation, he knew what his exchange was accused of, and he knew he would face an international arrant on his name so he went by himself back in November to the States and surrendered the next day.
As if they could arrest him in China and send to US :o
Nobody got anything good in return by being nice and kissing government asses.
You can't compare him with US citizens and other people that live in west with someone from China.
I am not supporting CZ in any way, but I am not doing it for corrupt governments also.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Stompix on March 25, 2024, 07:54:09 PM
As if they could arrest him in China and send to US :o

Well, he fled China the second time in his life when the laws against crypto were passed and after saying he will never set foot there again I doubt he would have had a better life than in the US, just looking at Jack Ma tells me it's still better to be on the blacklist of the US than China!

You can't compare him with US citizens and other people that live in west with someone from China.

Hmm, depends, he fled China for Canada when he was 12 and returned to Shanghai 15 years ago while still keeping his Canadian citizenship, so...if he Chinese or is he Western?
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Aanuoluwatofunmi on March 26, 2024, 05:09:51 PM
CZ already made the first mistake of his life by his decision in going to United States and staying there for his business, he should have known this before now that when they were unable to attack bitcoin, all they could do is to cripple all the centralized exchanges like that have the reputation in hand to encourage the use of bitcoin and other currencies in crypto, that is why they targeted him, has he ever thought of not being tricked or attacked, maybe he was dreaming then because US will perform every necessary search on him till they caught him.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dkbit98 on March 26, 2024, 08:13:14 PM
Hmm, depends, he fled China for Canada when he was 12 and returned to Shanghai 15 years ago while still keeping his Canadian citizenship, so...if he Chinese or is he Western?
Canada turned into biggest shithole and one of the worst places in the world, it's competing with China who is going to be more communist country.
And it's obvious to everyone that CZ is Chinese, even if he moves to India or Africa, he is Chinese and speaks their language.
Important thing why US is keeping CZ can be found if we look at Bitcoin richlist, and we see Binance with 248,597 BTC:
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Stompix on March 27, 2024, 05:23:17 PM
Important thing why US is keeping CZ can be found if we look at Bitcoin richlist, and we see Binance with 248,597 BTC:
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Customer funds, not Binance's funds!
Coinbase has 1 million in it's custodial service and Blackrock has more also, added in just a few months.
Besides, the US government could easily hold just as much as they prepare to auction billions, they haven't seized FTX funds or a ton of others, they even didn't seize Bitfmex despite sentencing Hayes to what, 6 years of home detention?

Canada turned into biggest shithole and one of the worst places in the world, it's competing with China who is going to be more communist country.

Speaking as a Canadian?
Weird that the Chinese flee to Canada while no Canadian flees to China!
30,000 Chinese fleeing to Canada, more than 37,000 Chinese arrested for illegally crossing the border of the US in 2023!

And it's obvious to everyone that CZ is Chinese, even if he moves to India or Africa, he is Chinese and speaks their language.

So Arnold Schwarzenegger will always be an Austrian, just like Bruce Willis German right?  ;D
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Crwth on March 27, 2024, 07:07:49 PM
I never saw it as like that where there would be someone benefitting from the banning of an exchange. I do imagine that it's still up to the best platform that could give the best for members.

I have read that the approach of Coinbase is to not offer their coin or something so that they don't have to get questioned or something. That's why $AERO has been used for their DEX. It seems like a great deal as well for them.

Anyway, the one exchange who would make the best decision would probably win over the users.  ;D
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dkbit98 on March 28, 2024, 06:24:30 PM
Customer funds, not Binance's funds!
Who owns the keys for those coins?!
Not your keys, not your coins... remember MtGox and all other hacked exchanges.

Coinbase has 1 million in it's custodial service
That is exactly why they are the target for US government, and they just lost a case recently.

Speaking as a Canadian?
Speaking as someone who knows people who live or lived in that shithole, but I didnt say China is any better, especially not for foreigners.

So Arnold Schwarzenegger will always be an Austrian, just like Bruce Willis German right?  ;D
Bruce Willis was half German only, and Artnold can't speak proper English language even today, but I guess you never heard about changing of citizenship in your life  ::)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Stompix on March 30, 2024, 07:10:10 PM
Who owns the keys for those coins?!
Not your keys, not your coins... remember MtGox and all other hacked exchanges.

Coinbase has 1 million in it's custodial service
That is exactly why they are the target for US government, and they just lost a case recently.

And, as days are passing do you see them grabbing those coins?
Did they make a move on seizing any of Binance or Coinbase assets?
Again, why did they not seize Bitmex when Arthur Hayes did the same thing as CZ, came to the US, got arrested on same charges got sentenced, got out, Bitmex is still there.

Speaking as someone who knows people who live or lived in that shithole, but I didnt say China is any better, especially not for foreigners.

Personal opinions of a guy who told a guy is hardly relevant and you know that too well.
For some dogecoin is a meme shitcoin and for others ethereum is better than bitcoin, with cardano and solana being better than all.
Yet you still have 40 000 chinese getting to Canada each year among hundred thousands others  I doubt you have 40 000 friends leaving Canada that shithole each year.

Bruce Willis was half German only, and Artnold can't speak proper English language even today, but I guess you never heard about changing of citizenship in your life  ::)

So they are still....half german and also half german (austrian , lol) or half american
Since you mentioned speaking proper, you probably know Darkstar is also chinese-canadian but he couldn't write chinese, so what is he?  8)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on April 24, 2024, 09:12:56 AM
U.S. prosecutors are seeking a three-year prison sentence for Binance founder Changpeng Zhao - the court hearing will be held on April 30, Zhao himself agrees to pay a $50 million fine.

Recall that Binance will pay a fine of $4.3 billion as part of the deal with the U.S. Department of Justice.

P.S. Who has any thoughts? Is CZ really going to go to jail?
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Stompix on April 24, 2024, 05:41:45 PM
P.S. Who has any thoughts? Is CZ really going to go to jail?

Jail? I don't think so!
I doubt the 26 months, that's the max the DoJ can ask, so probably since CZ came on his own and surrendered he might get away with 18 months, of full collaboration which means sharing all the data, and he would get away with house arrest and curfew for another period, maybe 12 plus 12 so they would keep him quasi-free but confined to the US.


Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on April 28, 2024, 02:24:48 PM
Jail? I don't think so!
I doubt the 26 months, that's the max the DoJ can ask, so probably since CZ came on his own and surrendered he might get away with 18 months, of full collaboration which means sharing all the data, and he would get away with house arrest and curfew for another period, maybe 12 plus 12 so they would keep him quasi-free but confined to the US.

Binance founder and ex-CEO Changpeng Zhao apologized for “bad decisions” and took “full responsibility” for his actions in a letter to the judge.

CZ Speech: “There is no excuse for my failure to put in place the necessary compliance controls at Binance,Zhao wrote to Judge Richard Jones.

He assured that this would be his “only encounter with criminal justice.” In addition to Zhao's motion, the court received 161 letters requesting leniency from family, friends and others.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Stompix on April 28, 2024, 05:14:20 PM
~

Binance founder and ex-CEO Changpeng Zhao apologized for “bad decisions” and took “full responsibility” for his actions in a letter to the judge.

CZ Speech: “There is no excuse for my failure to put in place the necessary compliance controls at Binance,Zhao wrote to Judge Richard Jones.He assured that this would be his “only encounter with criminal justice.”

Yeah, he's on all fours and begging for mercy, probably some fans were cheering for him when he was saying that Binance is global, it needs no headquarters, it needs no approval, its the embodiment of freedom are quite surprised but this is typically CZ, when it trouble he will throw everyone under the bus to save himself.
I have like zero doubts that one tiny bit of data that was on Binance servers has escaped the US agencies, probably they now have everything, from the ID to your p2p deals, from payments for promotions to all the pump and dump trades, and of course, all the internal emails, so an old of developers will be the next in line!

If CZ gets a slap on the wrist then he has sold out, if he will get indeed 36 months in jail and not a LLS facility then maybe thy haven't got everything out of him.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on April 30, 2024, 10:18:47 AM
Yeah, he's on all fours and begging for mercy, probably some fans were cheering for him when he was saying that Binance is global, it needs no headquarters, it needs no approval, its the embodiment of freedom are quite surprised but this is typically CZ, when it trouble he will throw everyone under the bus to save himself.
I have like zero doubts that one tiny bit of data that was on Binance servers has escaped the US agencies, probably they now have everything, from the ID to your p2p deals, from payments for promotions to all the pump and dump trades, and of course, all the internal emails, so an old of developers will be the next in line!

If CZ gets a slap on the wrist then he has sold out, if he will get indeed 36 months in jail and not a LLS facility then maybe thy haven't got everything out of him.
I have 2 versions on CZ:

1. That he will be given some small term, they will say that he has already served it under house arrest and will be released. (This version includes the fact that he paid a 4-yard fine and transferred all the reserves of the exchange to USDC).

2. There is also a conspiracy theory that he will be locked up for such a period of time that he did not interfere with BlackRock to make bullrun in 24-25. So that they will be the only ones who can push the bitcoin to 300k and drop it to 50k. (Then in this version CZ should go to jail until about the middle of the 25th year, I think by this time the bullrun will be over, or by the years that he will be given it will be possible to determine the end of the bullrun and sell everything months 2-3 months before this date).
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on April 30, 2024, 06:03:58 PM
The hearing on the case of Changpeng Zhao, the former head of Binance, has begun - the prosecution is asking for up to 3 years in prison, the defense is seeking house arrest.

Zhao previously pleaded guilty, agreed to pay $50 million in fines and voluntarily came to the court session from the UAE to the U.S., from where he has been barred from leaving since his arrival, even on the terms of a large bail.

P.S. Who has any thoughts? Do you think CZ will go to jail or will he get off lightly?
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on April 30, 2024, 07:28:55 PM
Changpeng Zhao entered the courtroom with his legal team - dressed in a dark blue suit with a blue tie and looking tense. The courtroom is packed, and CZ's defense is asking for probation

The judge disagrees with the DOJ's request to increase the sentence from 18 months to 3 years.

Says the judge: "There is no evidence that the defendant was ever informed of the illegal activity."

(https://i.ibb.co/xSBPcjc/photo-2024-04-30-20-25-09.jpg)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Freemind on April 30, 2024, 07:55:51 PM
I don't know if it is possible to pay a fine (even a large one) to avoid those 18 months in prison, since I don't know the United States penal system. But unfortunately, if it is not possible to solve it with a fine, I think CZ will go to prison. They are very clear about where they are aiming, and are the best-known figures in the cryptocurrency industry, I think someone in that country might call it a witch hunt. Whatever happens, it is clear (as I said in another post) from which country the decisions are orchestrated, which may be other countries, on other continents, can imitate later.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Stompix on April 30, 2024, 11:25:49 PM
I have 2 versions on CZ:

1. That he will be given some small term, they will say that he has already served it under house arrest and will be released. (This version includes the fact that he paid a 4-yard fine and transferred all the reserves of the exchange to USDC).

2. There is also a conspiracy theory that he will be locked up for such a period of time that he did not interfere with BlackRock to make bullrun in 24-25.

Seems like you missed by not picking the middle one, I'm still of the opinion he got easy because he told the feds everything, maybe even handed them all the user data.

I don't know if it is possible to pay a fine (even a large one) to avoid those 18 months in prison, since I don't know the United States penal system. But unfortunately, if it is not possible to solve it with a fine, I think CZ will go to prison.

No, you can't.
Those were different things, you can plead guilty, accept the fine, and then the judge finds you not guilty, but the fine will still be valid since you accepted it in the plea agreement, once you enter one there is no turning back, you can't even try to oppose the sentence and demand a re-trial, CZ new that and he accepted it from the start.
That's one of the reasons he got only 4 months, normally you get less than half of the maximum when you enter a guilty plea agreement.

Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dkbit98 on April 30, 2024, 11:37:47 PM
They keep changing and reducing CZ sentence and time he needs to spend in jail from several years to only few months.
This could mean that he decided to work with officials and reveal information about everyone else who was involved with him.
Expect to see a lot more arrest news soon, this circus won't end up with CZ.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Freemind on May 01, 2024, 08:09:48 AM
No, you can't.
Those were different things, you can plead guilty, accept the fine, and then the judge finds you not guilty, but the fine will still be valid since you accepted it in the plea agreement, once you enter one there is no turning back, you can't even try to oppose the sentence and demand a re-trial, CZ new that and he accepted it from the start.
That's one of the reasons he got only 4 months, normally you get less than half of the maximum when you enter a guilty plea agreement.

Thanks for the information, I was completely unaware of what the process was like. From what you say, CZ cannot avoid jail time, but he can at least reduce the length of the sentence.

I guess it's the best deal CZ can get, but it still seems abusive considering he has always cooperated with justice. We'll see what finally happens when this is all over.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on May 01, 2024, 11:15:38 AM
The court hearing has been completed. Binance founder Changpeng Zhao sentenced to 4 months in prison.

Changpeng Zhao wrote an open letter to the community:

"I would like to thank everyone for your concern and support, whether it be writing letters, X posts, or in any other form. It all means a lot to me and makes me strong. I will serve my time, complete this phase and focus on the next chapter of my life (education).

I will remain a passive investor in the cryptocurrency industry (and a hodler). Crypto has entered a new phase. Compliance is now super important.

The major upside to this whole process is that Binance has been under the microscope. Which means users' funds are SAFU.

Protect the users!"

(https://i.ibb.co/dD2SXCQ/photo-2024-05-01-08-58-56.jpg)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dwyane36 on May 01, 2024, 01:26:23 PM
Thanks for the information, I was completely unaware of what the process was like. From what you say, CZ cannot avoid jail time, but he can at least reduce the length of the sentence.

I guess it's the best deal CZ can get, but it still seems abusive considering he has always cooperated with justice. We'll see what finally happens when this is all over.

In the early years, CZ and his Binance didn't actively cooperate with the regulators, and he started to do so only after the regulators became interested in him and put pressure on him. On the whole, I would say that CZ was lucky in this trial because the judge was more or less loyal and rejected the main demands of the DOJ. In fact, the 4-month jail sentence looks like trolling by the judge as it's symbolic of that famous picture of CZ.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dkbit98 on May 01, 2024, 04:52:36 PM
In the early years, CZ and his Binance didn't actively cooperate with the regulators, and he started to do so only after the regulators became interested in him and put pressure on him.
Binance couldn't cooperate with regulators when there was no crypto regulations at all in early days :P
I don't think CZ was lucky at all, he just had enough money to pay so they could give him minimal prison time.
Anyone who owns a lot of bitcoin will be a target sooner or later.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Gurujebs on May 01, 2024, 05:18:09 PM
In the early years, CZ and his Binance didn't actively cooperate with the regulators, and he started to do so only after the regulators became interested in him and put pressure on him. On the whole, I would say that CZ was lucky in this trial because the judge was more or less loyal and rejected the main demands of the DOJ. In fact, the 4-month jail sentence looks like trolling by the judge as it's symbolic of that famous picture of CZ.

Who would have thought congress would be interested in that case, they already made a settlement for $4B and that's why even him became less worried but coincidentally, FTX case became the next big thing and I thing it will looks impartial to free CZ just like that and they pin him down and postponed his case until FTX was complete.

Even this 4 month is just an eye seriousness to jail him for 4 months so that people will think US is very strick with money laundering and other cases against him else I see nothing significant here.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: MrSpasybo on May 02, 2024, 11:29:32 PM
In the early years, CZ and his Binance didn't actively cooperate with the regulators, and he started to do so only after the regulators became interested in him and put pressure on him. On the whole, I would say that CZ was lucky in this trial because the judge was more or less loyal and rejected the main demands of the DOJ. In fact, the 4-month jail sentence looks like trolling by the judge as it's symbolic of that famous picture of CZ.
As a Binance user, I believe that 4 months in prison would be an appropriate sentence for CZ. This is because CZ has been actively cooperating with the US DOJ, and Binance CEX has not engaged in any fraudulent activities against its users. CZ is not Sam Bankman-Fried, and a harsher sentence, such as 18 or 36 months in prison, would be excessive. Binance continues to operate and is actively complying with regulations.

More importantly, a lenient sentence for CZ would help to reduce negative sentiment in the crypto market, which could further worsen the price charts. We have already had enough bad news related to lawsuits, inflation, and war. A market correction is necessary, but it should not be a severe decline due to news related to CZ sentence.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Baofeng on May 03, 2024, 12:44:11 AM
In the early years, CZ and his Binance didn't actively cooperate with the regulators, and he started to do so only after the regulators became interested in him and put pressure on him.
Binance couldn't cooperate with regulators when there was no crypto regulations at all in early days :P
I don't think CZ was lucky at all, he just had enough money to pay so they could give him minimal prison time.
Anyone who owns a lot of bitcoin will be a target sooner or later.

Or he did turn out to be a whistle blower, giving all the government want they wanted as far as Binance transactions goes and where this money being laundered. So in short he open his book to them.

So it's obvious that it's not about his Bitcoin, they have been suspecting Binance as well catering to this criminals and the US government wanted to get their hands on those info.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dkbit98 on May 03, 2024, 03:50:34 PM
Or he did turn out to be a whistle blower, giving all the government want they wanted as far as Binance transactions goes and where this money being laundered. So in short he open his book to them.
Well that is obvious.
You kind a have to give up your money and information you have to the government agency, and than they reduce your sentence.
We have many examples from other cases to prove that, and it doesn't really matter if you are actually guilty some something or not.
And it is about his Bitcoin, it is about everyone else Bitcoin also.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on May 17, 2024, 02:18:12 PM
A court has refused to grant bail to Binance employee Tigran Gambaryan, who was arrested in Nigeria.

The country's authorities detained him in February in connection with allegations against the exchange - they claim that Binance laundered money, evaded taxes and speculated in local currency.

News link: https://www.arise.tv/nigerian-court-denies-bail-to-binance-executive-in-money-laundering-case

(https://i.ibb.co/kg6KdbL/photo-2024-05-17-15-12-37.jpg)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on May 24, 2024, 09:31:12 AM
There is one blogger who likes to interview famous cryptans...and as practice has shown, they are then put in jail. Unfortunately, there are so many scammers, be careful + don't keep all funds in one cryptocurrency - it's not safe.

P.S. Guess who's next. Funny on the one hand, not so much on the other.  ;D


(https://i.ibb.co/VQ71rTv/photo-2024-05-02-10-41-46.jpg)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on May 31, 2024, 10:57:38 AM
P.S. This news, indirectly not related to CZ - but directly related to Binance's new CEO Richard Teng.

Binance CEO Richard Teng said that Nigerian authorities demanded a bribe so that "there would be no problems":

1. Binance tried to cooperate with the Nigerian authorities and helped them in every way possible.
2. In January, Binance was invited to a meeting, and a delegation went there. Upon arrival, the exchange was accused of breaking the law and was going to arrest its employees, but then everything was resolved.
3. When Binance employees were leaving the meeting, unknown people approached them and offered to agree to secretly pay a large sum of money to settle the situation - the employees refused and left.
4. Binance and Nigerian authorities agreed on a new meeting in late February, everything went well, but a couple hours later Tigran Gambaryan and Nadeem Anjarwalla were arrested and accused of terrorism financing, money laundering and naira collapse. The officers had their passports taken away.
5. Nadeem Anjarwalla was able to escape, Tigran Ghambaryan is still under arrest.

Link to statement: https://www.binance.com/en/blog/leadership/from-richard-teng-binance-ceo-tigran-gambaryan-is-innocent-and-must-be-released-3634612934164622056
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on June 01, 2024, 09:49:14 AM
The former CEO of Binance has begun serving his sentence in a low-security federal prison in Lompoc, California. CZ became the richest person serving time in a US prison - his stake in Binance and personal fortune is estimated at $43bn.

P.S. You can not worry, the situation in CZ is absolutely not bad, after a while will be released. Money, he has more than enough.

Link to news: https://www.cnbc.com/2024/05/31/binances-ex-ceo-changpeng-zhao-begins-prison-sentence-in-southern-california.html

(https://i.ibb.co/mrpzK09/Screenshot-1.png)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on June 01, 2024, 08:02:27 PM
The former CEO of Binance has begun serving his sentence in a low-security federal prison in Lompoc, California. CZ became the richest person serving time in a US prison - his stake in Binance and personal fortune is estimated at $43bn.
Yi He, the “Grey Cardinal” of Binance and part time wife of CZ, supported Changpeng and posted his famous 4 fingers:

P.S. “See you soon” ?

(https://i.ibb.co/WcFHDHs/photo-2024-06-01-21-00-49.jpg)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on July 03, 2024, 10:08:08 AM
Forbes writes that Changpeng Zhao (CZ) owns 64% of the total number of BNB in circulation - about 94 million BNB ($56 billion). The publication estimates CZ's fortune at $61 billion, placing him 24th on the list of the world's richest people. Forbes also states that Binance and CZ jointly own 71% of the 147 million BNB in circulation.

Article link: https://www.forbes.com/sites/javierpaz/2024/06/14/how-cryptos-richest-billionaire-doubled-his-net-worth-behind-bars

(https://i.ibb.co/8dtRR22/image.png)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on July 26, 2024, 12:31:53 PM
Media:CZ likely to be released in September. According to media reports, former Binance CEO Chanpeng Zhao (CZ) is expected to leave prison on September 29.

P.S. Are we waiting for the “charlatan” to be free? Or another hype? Who has any thoughts on this?  ::)

Source link: https://protos.com/when-is-binance-founder-cz-coming-out-of-prison

(https://i.ibb.co/tMw1VX7/image.png)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dkbit98 on July 26, 2024, 03:52:20 PM
Media:CZ likely to be released in September. According to media reports, former Binance CEO Chanpeng Zhao (CZ) is expected to leave prison on September 29.
I suspected from start that CZ was going to be released earlier than it was planned, and I think I even commented about that somewhere in forum.
His whole sentence was one big joke because they made a deal with the government, but he had to serve some time in prison to look more realistic.
Next is probably a deal for a new netflix movie and a book about this experience...
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on July 26, 2024, 05:48:56 PM
I suspected from start that CZ was going to be released earlier than it was planned, and I think I even commented about that somewhere in forum.
His whole sentence was one big joke because they made a deal with the government, but he had to serve some time in prison to look more realistic.
Next is probably a deal for a new netflix movie and a book about this experience...

Contrary to the expectations of some community members, Binance founder and ex-CEO Changpeng Zhao (CZ) will not be released in August, Protos reported.

Some thought the entrepreneur's release date would be August 30. This would have been assuming his incarceration day-after-day after the verdict was announced. In fact, lawyers “made sure” that Zhao had time before his incarceration.

According to the Federal Bureau of Prisons, CZ is scheduled to be released on September 29.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on August 08, 2024, 11:06:41 AM
Twitter reported that Changpeng Zhao (CZ) has already served his sentence and is out of jail. As a reminder, CZ was sentenced to 4 months in prison on April 30.

P.S. Or is it a lie to create hype + interest? What are your thoughts on this?  :o

Link to news about the release: https://x.com/HouseofChimera/status/1815715328426479730
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dkbit98 on August 08, 2024, 08:33:18 PM
Twitter reported that Changpeng Zhao (CZ) has already served his sentence and is out of jail. As a reminder, CZ was sentenced to 4 months in prison on April 30.
Didnt I told you he is getting out of prison earlier? :)
I think we are going to see a lot of big changes with Binance soon, I expect to see CZ kissing government asses, and maybe we are going to see new arrests ''thanks'' to him.
If I was in his place I would finally get my passport and move to some neutral location, or they will continue to milk him in future.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Rikafip on August 09, 2024, 07:15:07 PM
Twitter reported that Changpeng Zhao (CZ) has already served his sentence and is out of jail. As a reminder, CZ was sentenced to 4 months in prison on April 30.

P.S. Or is it a lie to create hype + interest? What are your thoughts on this?  :o
Do you have any other source for that news, other than the tweet from some random Twitter account? I tried googling it and coulnd't find any news whatsoever about it so for now I am skeptical. 
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on August 21, 2024, 08:57:53 AM
A new class action lawsuit has been filed against Binance and its founder Changpeng Zhao, now serving time in prison, in federal court in Seattle.

They are accused of harming customers by laundering and storing criminal funds. According to ConsenSys lawyer Bill Hughes, the plaintiffs' attorneys are well qualified. They have represented groups suing Facebook for privacy violations and intend to capitalize on this lawsuit.  ::)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on August 22, 2024, 09:43:34 AM
Binance CEO Richard Teng: The exchange plans to hire 1,000 employees this year. Most of them will be appointed to compliance-related positions.

By the end of 2024, the compliance department is planned to expand to 700 employees (there are 500 now). Binance's total workforce exceeds 5,000.

Binance has spent $200 million on compliance initiatives this year, including U.S. oversight after pleading guilty in court. The exchange is receiving an increasing number of requests from law enforcement agencies around the world, with 63,000 this year, up from 58,000 in 2023.

Dubai, Abu Dhabi and another city, which Teng declined to name, are on the shortlist of potential headquarters locations.  ::)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on August 22, 2024, 12:38:59 PM
The SEC will amend its lawsuit against Binance US and Changpeng Zhao by removing the requirement that Solana and several other cryptocurrencies be recognized as securities.

In addition to SOL, the Commission has qualified BNB, BUSD, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO and AXS as securities.

The amendments will obviate the need for a verdict regarding the sufficiency of the allegations regarding these tokens at this time,” the motion states.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on August 23, 2024, 11:23:03 AM
CZ out of jail but still in custody - The former Binance CEO has been transferred to a prison that prepares inmates nearing the end of their sentence.

CZ is expected to be released on September 29.

Link: https://decrypt.co/245991/no-binance-founder-cz-isnt-free-la-halfway-house
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Rikafip on August 24, 2024, 04:36:55 PM
So in the end that news about him already being out was false.

I liked the bolded part though. Its like he was in prison for 20 years so now he needs to go through some program in order to "re-enter the society" lol.

Quote
The confusion may have been caused in part by the fact that Zhao appears to have been transferred this week from a minimum security prison in Southern California to RRM Long Beach, a residential program that prepares inmates approaching the ends of their sentences for re-entry into society.

RRMs, or residential reentry management offices, are often colloquially referred to as “halfway houses.”
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dkbit98 on August 26, 2024, 07:26:15 PM
I liked the bolded part though. Its like he was in prison for 20 years so now he needs to go through some program in order to "re-enter the society" lol.
All this CZ prison stuff all looks like one big circus show, but I wouldn't be surprised if they try to put him back in prison again.
Last I heard is that other people started a new class action lawsuit against him, so I would not relax in US when he get his passport and freedom back, that is if they give it back to him.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on August 27, 2024, 05:38:29 PM
Binance has called on the US government and organizations around the world to apply political pressure to secure the release of Tigran Ghambaryan on humanitarian grounds and to protest “unfair detention practices” in Nigeria.

The platform's CEO Richard Teng made the announcement after six months that Binance's top executive has spent in detention. A new court hearing is due to take place on September 2.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on September 22, 2024, 11:47:03 AM
Binance CZ has made it clear that it will publish its own book

"The founder of Binance said that he will try his own book because he will have nothing else to do. After leaving his post, CZ also teased a new project focused on education called "Giggle Academy. The project, which does not generate income, will specifically target underprivileged children and will teach them about finance and blockchain, as well as some normal subjects such as mathematics."

P.S. Who has any thoughts? I'm sure CZ settled for everything a long time ago. All in all, it was obvious, can't put such a rich man away for a few years. For who, but you don't have to worry about him, he's already earned his money.  8)

(https://i.postimg.cc/K8pVvMcF/image.png)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dkbit98 on September 23, 2024, 10:45:27 PM
Binance Founder CZ Signaled That She Will Publish Her Own Book
She?!  :o
Since when CZ changed his gender?
Maybe he performed operation in prison...
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Rikafip on September 25, 2024, 05:25:00 PM
Maybe he performed operation in prison...
Or maybe he feels more feminine now, after close encounters with other males in the shower.  ;D

In other news, CZ is set to be released from prison on September 29th

Quote from: https://www.coindesk.com/policy/2024/09/16/cz-set-to-be-released-from-prison-on-september-29/
Binance founder Changpeng “CZ” Zhao, who is currently serving a four-month prison sentence, will be a free man by the end of the month.

According to the U.S. Bureau of Prisons website, Zhao – also known as inmate 88087-510 –

will be released from custody on Sept. 29, 118 days after reporting to a low-security prison, Lompoc II, on California’s central coast. He spent three months in Lompoc II before being moved to a halfway house in San Pedro, California in late August.

Zhao was sentenced to four months in prison in April, five months after he pleaded guilty to violating the Bank Secrecy Act by failing to set up an adequate know-your-customer (KYC) program at Binance. As part of his guilty plea, Zhao also agreed to pay a $50 million fine and step down as CEO of the crypto exchange.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Lucius on September 25, 2024, 06:14:46 PM
~snip~
Or maybe he feels more feminine now, after close encounters with other males in the shower.  ;D


I believe that for $4+ billion you get a comfortable furnished cell with a personal shower and various perks that most prisoners in the US can only dream about. Considering everything we can read, they could have simply put him in a high-class hotel and announced that he is under house arrest.

As things stand, it seems that Sam Bankman's ex-girlfriend will take his place, although she fared much worse and received even 2 years in prison under similar conditions.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: PX-Z on September 25, 2024, 06:21:07 PM
Or maybe he feels more feminine now, after close encounters with other males in the shower.  ;D
It only happens on prisons with different kind of inmates/crimes did. CZ is special prisoner, he might be become the new enrolled boss there, just like a mafia boss that was imprisoned  ;D
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dkbit98 on September 25, 2024, 07:24:35 PM
Or maybe he feels more feminine now, after close encounters with other males in the shower.  ;D
You are watching to many holyberg movies, and he paid good movie to be in special section, but I saw someone edited his photos with long hair and beard. :)
I can't wait to see if he is going to say something after his release, and I know more lawsuits are waiting for him.

It only happens on prisons with different kind of inmates/crimes did. CZ is special prisoner, he might be become the new enrolled boss there, just like a mafia boss that was imprisoned  ;D
Or if you you are VIP they can even fake prisoner suicided himself, like epstein scum or McAfee.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on September 27, 2024, 10:34:57 AM
MI: CZ could be released as early as today.

His release date from prison is September 29, but since it's a weekend, it's customary in the US to release on weekdays. Saves a couple days of his life.

P.S. Miss him? If it does get released, I wouldn't be surprised if the entire market grows by a few %. Don't forget what a manipulator he is.  ???

(https://i.ibb.co/nMBcZ5t/image.png)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: Lucius on September 27, 2024, 01:22:22 PM
~snip~
P.S. Miss him? If it does get released, I wouldn't be surprised if the entire market grows by a few %. Don't forget what a manipulator he is.  ???


Not in the least - people who can pay to get a lesser sentence are not on my list of those I find worthy of admiration and respect. In addition, his release should not have any effect on the crypto market, given that he resigned as CEO and is now an ex-convict.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dkbit98 on September 27, 2024, 09:39:21 PM
P.S. Miss him? If it does get released, I wouldn't be surprised if the entire market grows by a few %. Don't forget what a manipulator he is.  ???
Not really, but I don't think he is going to be much active in public after release from jail.
It would be interesting to know if they returned his passport and if he can travel and live in other countries around the world.
I would not stay in US for a long time if I was him.

Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: rdluffy on September 28, 2024, 06:24:08 AM


P.S. Miss him? If it does get released, I wouldn't be surprised if the entire market grows by a few %. Don't forget what a manipulator he is.  ???



It's real, he's released, just saw here:

(https://i.ibb.co/FqpVMq4/IMG-6408.jpg) (https://ibb.co/yB2S1BF)
Source (https://cointelegraph.com/news/binance-founder-cz-walks-free-from-us-prison)

The market is rising but I don't think this is the news they are buying, bur will be very interesting to see what CZ is going to do, but I think they will continue to being the CEO of Binance, but not "oficial" due to the risks of being arrested again

Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on September 28, 2024, 03:25:48 PM
It's real, he's released, just saw here:
Yes, it's true he was released. The question is for how long and under what conditions + it is not clear if he will leave the infopole? However, as always, there are a lot of questions that most likely will not be answered. We continue to follow his pages in X - maybe there will be interesting news.  ;D
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on September 29, 2024, 01:39:11 PM
CZ said that after serving time he will continue to develop Giggle Academy, invest in blockchain, decentralized technologies, AI and biotechnology. He will spend more time on philanthropy and will finish his book. He also added that Binance is doing great without him.

P.S. See how things are turning out, and everyone was so worried about him. I personally, was sure that he was in jail for a while, sooner or later he had to get out of there.

Link to post: https://x.com/cz_binance/status/1840265403882152232

(https://i.ibb.co/JztLs74/image.png)
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: rdluffy on September 30, 2024, 12:28:40 AM
[
P.S. See how things are turning out, and everyone was so worried about him. I personally, was sure that he was in jail for a while, sooner or later he had to get out of there.

He turned himself in, never ran away and paid a billion-dollar fine
so he went into jail knowing that he would be imprisoned for 4 months and then free under certain conditions.
he doesn't need any more money since he's a billionaire, but I believe he will continue to run binance unofficially
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: NikeFit_7777 on September 30, 2024, 11:09:33 AM
He turned himself in, never ran away and paid a billion-dollar fine
so he went into jail knowing that he would be imprisoned for 4 months and then free under certain conditions.
he doesn't need any more money since he's a billionaire, but I believe he will continue to run binance unofficially
I understand perfectly well, but I'm just saying that you don't have to worry about him. He's got billions of dollars to live on + he'll probably never go to prison again. So there's really nothing to put him in jail for. Unofficially he will be doing all sorts of things = making millions on cryptocurrency and new projects (under his leadership).  ???

P.S. What will happen to Binance is a whole other conversation.
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: rdluffy on September 30, 2024, 12:57:55 PM
I understand perfectly well, but I'm just saying that you don't have to worry about him. He's got billions of dollars to live on + he'll probably never go to prison again. So there's really nothing to put him in jail for. Unofficially he will be doing all sorts of things = making millions on cryptocurrency and new projects (under his leadership).  ???

P.S. What will happen to Binance is a whole other conversation.

I think Binance will continue as normal and remain the market leader
even with CZ's problems, Binance has endured a lot of FUD and mass withdrawals and hasn't collapsed like other exchanges.
I think it's well positioned to remain in first place.
but it's undeniable that the figure of CZ as a CEO inspired more confidence
Title: Re: Binance CZ founder to surrender passport judge's ruling
Post by: dkbit98 on September 30, 2024, 09:35:01 PM
CZ said that after serving time he will continue to develop Giggle Academy, invest in blockchain, decentralized technologies, AI and biotechnology. He will spend more time on philanthropy and will finish his book. He also added that Binance is doing great without him.
Looks like CZ turned into book writer now  ::)
It's obvious to me that he is slowly starting to turn away from crypto industry into some other things, maybe that is the part of the deal he made with US government.
I wouldn't trust anything new coming from him, like AI or some new biotech crap.