EU trading restrictions on Huobi and new Binance rules take effect
EU trading restrictions on platforms including Huobi, as well as Binance's rule on halting direct fund transfers with Huobi, have officially taken effect.
EU trading restrictions on platforms including Huobi, as well as Binance's rule on halting direct fund transfers with Huobi, have officially taken effect.
An announcement from Binance requires users, starting from August 23, not to transfer funds to Huobi through Binance or to receive funds from Huobi. Transactions in violation may be temporarily held and reviewed, and the accounts concerned may also be restricted.
On November 21, 2023, Binance pleaded guilty and agreed to pay the United States about $4.3 billion, while Changpeng Zhao resigned as CEO and pleaded guilty.
On November 21, 2023, Changpeng Zhao pleaded guilty to money laundering charges at a Seattle federal court, agreeing to pay a $50 million fine and resign as CEO of Binance, while Binance agreed to pay $4.3 billion.
Accounts controlled by Justin Sun transferred approximately $56.10 million to Binance to take part in an event aimed at regular users. After Changpeng Zhao publicly issued a warning, Justin Sun withdrew from the event and returned the rewards.
During the fork dispute in the Steem community, Justin Sun, together with Binance, Huobi, and Poloniex, used exchange-custodied Steem tokens to vote, overthrowing the community-elected witnesses.
After Binance launched, China began to regulate the digital currency industry, and Changpeng Zhao led his team to shift the business overseas.
Changpeng Zhao founded the cryptocurrency exchange Binance and later became an important figure in the cryptocurrency industry.