Binance founder and former CEO Changpeng Zhao (CZ) was sentenced to four months in prison last November after pleading guilty. Zhao was also required to pay a $50 million penalty. According to WSJ.com, Zhao told the court he was sorry for his behavior and regretted… Read More
Sam Bankman-Fried, the CEO and founder of FTX, says a “competitor” is spreading false rumors about his company, adding that FTX is “Fine. Assets are fine.” Bankman-Fried made his claims in a series of Tweets. https://twitter.com/SBF_FTX/status/1589598284322328579?s=20&t=HvhVmAJpHWkGiSGKZ1MgYQ According to Bankman-Fried, FTX has enough assets to… Read More
Binance has raised a new venture fund targeting Web3 and other blockchain technologies. According to a statement issued by Binance Labs, the VC arm of Binance, the $500 million fund saw the participation of global institutions including DST Global Partners, Breyer Capital, as well as… Read More
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