Binance’s Changpeng Zhao threatening Elon Musk that he will nuke $1 billion in SpaceX shares
(Remember it was CZ threatening to dump FTX’s FTT token that helped kick off FTX’s collapse)
Live coverage · ended · Oct 29, 5:30–5:52 pm EDT
Tether starting to freeze assets
Binance founder Changpeng Zhao, who is legally not allowed to have any managerial role with the company yet still has remarkable amounts of inside knowledge into its goings on, has tweeted that Tether and Circle have frozen around $1.8B
(he's just a shareholder, you see)
Binance has just filed to dismiss with prejudice its defamation lawsuit against the Wall Street Journal, which it filed in March after the Journal published various reports about a possible DOJ investigation into Binance over violations of sanctions against Iran.
Interesting timing, given Bloomberg just today confirmed such a probe is open and being handled by the SDNY DOJ’s office.
The Binance crypto exchange has just filed a defamation lawsuit against the Wall Street Journal over its article reporting that Binance's own compliance investigators had found $1 billion in transfers to Iran-backed terror groups, and then were fired.
The article, and related investigations by the New York Times and Fortune, were cited in an inquiry over the alleged sanctions evasion by Senator Blumenthal, and a request by Sen. Van Hollen and others for an investigation by the Treasury and Justice Departments. Today the WSJ reported that the DOJ had opened such an investigation.
Binance bitcoin bailout
It does not seem to me to bode well that they’re getting this nervous when the bitcoin price hasn’t even dropped below $80,000
The full CBS interview with Trump about the pardon of Binance's Changpeng Zhao is shocking. "Why did you pardon him?" "I have no idea who he is. I was told that he was a victim ... They sent him to jail and they really set him up. That's my opinion. I was told about it."
"I know nothing about it because I'm too busy." He talks about how his sons are in the crypto industry, and how his son and wife published bestselling books. "I'm proud of them for doing that. I'm focused on this."
beside the point, but can you imagine how mad SBF will be when he hears the news? he's sitting in prison for another 20 years, but the President just pardoned the other crypto criminal who he blames for his own company's collapse
Donald Trump has pardoned Binance founder Changpeng Zhao. Binance has been a major supporter of Trump's crypto projects, and Trump has already made millions after Binance accepted a $2 billion investment from an Emirati fund denominated in the Trump family's USD1 stablecoin.
One of the people CZ hired to lobby for the pardon is Teresa Goody Guillén, a lawyer who has simultaneously represented the Trump World Liberty Financial project. She's also lobbied on behalf of Binance on crypto-related topics.
Former Binance CEO Changpeng Zhao has been ordered to surrender his Canadian passport. His bond conditions have also been updated to reflect previous rulings prohibiting him from leaving the US.
Order in US v. Zhao.
