![]() Voyager was one of the high-profile casualties of Terra’s collapse last May. In 2019, Catherine Coley became the first chief executive of Binance. The CFTC is not the only Washington agency with its sights on Zhao following the dramatic collapse of FTX.Īt the end of April, reports emerged that Binance CEO Changpeng Zhao had hired lawyers to defend himself against multiple legal threats filed against Binance recently by the SEC, the CFTC, and the Department of Justice.Īround that time, bankrupt crypto lender Voyager said Binance.US had axed a deal to acquire the company’s assets. and around the world.” Binance battles regulators and its Chief Executive Officer Changpeng Zhao of mishandling customer. Nevertheless, we intend to continue to collaborate with regulators in the U.S. (Bloomberg) - The US Securities and Exchange Commission accused Binance Holdings Ltd. ![]() clients evade regulators.īinance called the lawsuit an “ incomplete recitation of facts ” and told Decrypt at the time that “the complaint filed by the CFTC is unexpected and disappointing as we have been working collaboratively with the CFTC for more than two years. ![]() The CFTC also accused the exchange of having insufficient anti-money laundering (AML) and know-your-customer (KYC) controls and allegedly evading or helping U.S. “Binance has taken a calculated, phased approach to increase its United States presence despite publicly stating its purported intent to ‘block’ or ‘restrict’ customers located in the United States from accessing its platform,” said the CFTC. clientele despite not having registered with the CFTC. The suit claims Binance was servicing U.S. arm of global cryptocurrency exchange Binance, said on Friday he had resigned just three months aftertaking up the role. This is after former CEO, Brian Brooks announced his exit from the number one exchange firm barely four months into his appointment as head. Aug 6 (Reuters) - Brian Brooks, chief executive of the U.S. ![]() Binance US has appointed Joshua Sroge as the new Chief Executive Officer of the US exchange. derivatives regulator, the Commodity Futures Trading Commission (CFTC), filed a lawsuit with a Chicago federal court accusing Binance of unauthorized derivatives trading by offering futures, swaps, and options on many leading cryptocurrencies. Joshua’s appointment a fresh start for Binance. ![]()
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