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CZ denies holding firms received $12B of Binance.US user funds

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Speculation mounts that a regulatory attack on Bitcoin is coming

Former Coinbase CTO Balaji Srinivasan stirred speculation over U.S. regulatory actions on Twitter, writing, “The attack on Bitcoin is coming.” The comment was made in agreement with Alexander Leishman, the CEO of River Financial, who called for Bitcoiners to stay humble “during all of this regulatory drama,” as regulators would come for Bitcoin in due…

Gary Gensler had close ties to Binance’s CZ, offered to serve as exchange advisor: lawyers

Binance CEO CZ summoned to appear in District of Columbia court

US senators slam SEC’s Coinbase lawsuit, demand clearer crypto regulations

Binance, Coinbase CEOs together lost $1.7B of personal wealth after SEC charges

The CEOs of Binance and Coinbase lost part of their personal wealth in the aftermath of SEC charges, Bloomberg said on June 6. Execs gained billions before latest loss The U.S. Securities and Exchange Commission sued Binance on June 5 and sued Coinbase on June 6, alleging that both companies violated securities regulations. Those events…

Gensler “very confident” SEC can win against Coinbase, Binance

U.S. Securities Exchange Commission (SEC) Chair Gary Gensler is “very confident” of winning enforcement cases against Coinbase and Binance. Gensler confident of victory Speaking to CNBC, Gensler said it’s up to people what they want to invest in. However, the law clearly states that service providers must adequately disclose their products and services, he said….

Binance CZ says SEC lawsuit is ‘an attack on the entire industry’

TRON’s Justin Sun, Cardano’s Charles Hoskinson side with Binance in SEC case

Binance attracted support from other members of the cryptocurrency industry on June 5 after receiving charges of securities violations on the same day. TRON founder expresses support The U.S. Securities and Exchange Commission (SEC) filed charges against Binance CEO Changpeng Zhao and various associated companies. Following that news, Huobi advisor and former TRON CEO Justin…

Multichain unable to contact CEO, has no access to project servers

The team behind cross-chain protocol Multichain said May 31 that they are unable to contact their CEO, who is known only as Zhaojun. As a result of the executive’s absence, the team said it is unable to access project servers. CEO is AWOL Zhaojun’s Twitter account has not displayed any activity since May 24, and there…