Binance says outflows normalised as North Korea rejects US allegation over heist

November 3, 2026 4:07 PM

Binance says outflows normalised as North Korea rejects US allegation over heist

Asset outflows from Binance have normalised and the company was in "very strong financial health", its co-CEO said, as North Korea dismissed as "absurd rhetoric" US allegations that it was behind a $6.3 billion cryptocurrency heist on its platform. The world's biggest cryptocurrency exchange, whose customers had withdrawn a net $4.72 billion as of Monday after it was hit with what could be the largest-ever financial heist last week, has also launched a campaign to stem outflows and woo new user...

India leads in crypto adoption for second straight year, report shows

September 16, 2024 3:55 PM

India leads in crypto adoption for second straight year, report shows

India led the way in global adoption of cryptocurrencies for the second straight year as investors braved the country's tough regulatory stance and steep trading taxes, a report from blockchain analytics company Chainalysis showed on Wednesday. The report, which tracks adoption across four sub-categories in 151 countries, showed India ranked high on usage of centralized exchange and decentralized finance assets from June 2023 to July 2024. India has taken a tough stance against cryptocurrencie...

Binance’s former CEO sentenced to four months prison over money laundering violations

May 1, 2024 11:30 AM

Binance’s former CEO sentenced to four months prison over money laundering violations

Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday (April 30) to four months in prison after pleading guilty to violating U.S. money-laundering laws at the world's largest cryptocurrency exchange. The sentence was imposed by U.S. District Judge Richard Jones in Seattle, who rejected prosecutors' request that the 47-year-old Zhao serve a three-year term, twice the maximum recommended under federal guidelines. Once considered the most powerful person in the crypto in...

Binance’s CEO Zhao faces sentencing over money laundering violations

April 30, 2024 5:52 PM

Binance’s CEO Zhao faces sentencing over money laundering violations

The former chief executive of Binance, the world's largest cryptocurrency exchange, could face years in prison when he is sentenced on Tuesday after his guilty plea to violating U.S. money-laundering laws. U.S. prosecutors have told District Judge Richard Jones in Seattle that they want Changpeng Zhao, who goes by "CZ," to serve twice the maximum 18 months recommended under federal guidelines. Prosecutors said a tough sentence for the man once considered the most powerful person in the crypto ...