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The CEO of Binance's U.S. affiliate has departed the crypto trading platform amid another round of job cuts. Binance.US CEO Brian Shroder is no longer with the company, a spokesperson confirmed to ...
(Reuters) -Binance and the U.S. Securities and Exchange Commission have asked a federal judge to stay the regulator's lawsuit against the crypto exchange, according to a court filing, citing the ...
The downturn coincided with broader chills throughout the crypto market, with trading and prices sharply decreasing after the collapse of high-profile companies like FTX in 2022. Binance.US ...
The SEC on June 5 sued Binance, its CEO and founder Changpeng Zhao and Binance.US's operator, alleging that Binance artificially inflated its trading volumes, diverted customer funds, failed to ...
[32] [31] The sale of Binance's holdings in FTT, compounded with the low trading volume of FTT and the enmity between Zhao and Bankman-Fried, resulted in the price of the token plummeting. [33] [34] [35] Binance had received FTT from FTX in 2021 during a transaction in which FTX bought back Binance's equity stake in FTX. [36]
FTX Trading Ltd., trading as FTX (Futures Exchange), [5] is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund. [6] [7] The exchange was founded in 2019 by Sam Bankman-Fried and Gary Wang and collapsed in 2022 after massive fraud perpetrated by Bankman-Fried and his partner Caroline Ellison forced the company to file for Chapter 11 bankruptcy.
The U.S. Securities and Exchange Commission is seeking to pause its high-profile lawsuit against the cryptocurrency exchange Binance as the regulator tries to present itself as more crypto ...
The company was founded in 1985 by John Liu, [1] as First Flushing Securities. In 1997, the company was renamed Firstrade Securities Inc., and the company launched Firstrade.com. In April 2010, Taifook Securities Company Limited, a wholly owned subsidiary of TSG, signed an agreement with Firstrade Securities, a US online broker, for cross ...