The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only...
Former Binance CEO Changpeng “CZ” Zhao was sentenced to four months in prison for violating U.S. money laundering laws.
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The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance.
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Prosecutors initially sought to charge the former Binance executive with 36 months.
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