Sources familiar with the matter revealed that the CEO of Binance plans to resign and has admitted to violating US anti-money laundering criminal requirements. This move may allow the company to continue operating.

Zhao Changpeng stated in a post on X platform that an executive of a client was lured to Montenegro on a business trip, where he was kidnapped and forced to empty his wallet, resulting in a total loss of about $12.5 million. Binance investigated the on-chain activities and contacted its partners to freeze the wallet earlier today, as all funds were transferred in USDT to a Tron wallet. About $11.8 million of the frozen $12.5 million has been successfully frozen. Previously, it was reported that a Tron address with a balance of more than 11.86 million USDT was frozen.

Former CEO of Alameda Research, Caroline Ellison, testified that a tweet from Binance CEO Changpeng Zhao (CZ) caused the collapse of the cryptocurrency exchange FTX. In the tweet on November 6, 2022, CZ announced that Binance would liquidate its holdings of FTX tokens (FTT). Many reports claim that the liquidation of the tokens caused retail investors to follow Binance in withdrawing from FTX. The platform's run on withdrawals led to FTX ceasing withdrawals and filing for bankruptcy on November 11th. Ellison stated that while CZ's tweet "contributed" to the collapse of FTX, the main reason was that Alameda borrowed 10 billion US dollars from the exchange that they were "unable to repay".

Binance CEO Changpeng Zhao (CZ) has criticized recent news reports claiming that former Binance.US CEO Brian Brooks was voted out by the Binance board. CZ called the quality of research, validation, and logical thinking in the reports "appalling," stating that a single vote holding out of three would not be enough to stop anything if it was a board vote.

Binance CEO Changpeng Zhao has warned the public about a new crypto scam strategy that was recently attempted on an experienced trader. The scammer was stopped before they could steal up to $20m from the exchange. The new method involves generating wallet addresses with the same starting and ending letters, which is what most people check when verifying an address. The scammers then send "dust transactions" to make the address appear in the victim's wallet, making it easier for them to copy the wrong address when making a transfer. This type of scam is becoming more common in the crypto ecosystem.

According to Jinshi reports, Binance CEO Changpeng Zhao (CZ) said that Binance will start providing full services on the new platform in Japan in August.

Binance and Changpeng Zhao filed a license application with the U.S. District Court for the Northern District of Illinois, planning to file a legal memorandum to initiate a motion to dismiss the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC).

Binance CEO Changpeng Zhao has predicted that the next Bitcoin bull market is most likely to occur in 2025, following the Bitcoin halving event in 2024. In a Twitter "ask me anything" session, Zhao also welcomed BlackRock's entry into the spot Bitcoin ETF arena, stating that it is "hugely beneficial" for the crypto industry. He brushed off concerns that BlackRock could eat up Binance's market share in the future, citing minimal overlap between their respective customer bases.

June 28 (Cointime) - Yi He, co-founder of Binance, has dismissed any comparison between her relationship with Binance CEO Changpeng Zhao and the past romantic connection between Sam Bankman-Fried and his ex-colleague Caroline Ellison.

June 19 (Cointime) - Binance, one of the largest cryptocurrency exchanges in the world, has been under regulatory scrutiny recently. However, the founder of Binance, Changpeng Zhao, sees this as a validation of their operations. A court transcript has affirmed that there is no evidence of any dissipation of assets or offshore transfers through BAM Trading, the operator of Binance US.