The US Justice Department is now reportedly seeking an 18-month prison sentence for Zhao, the maximum suggested under federal guidelines

The Securities and Exchange Commission says Coinbase has operated as an unregistered broker, evading disclosure requirements meant to protect investors

New findings show how CEO Changpeng Zhao secretly retained control over Binance's US arm and ensured he could direct the company’s expansion in the American crypto market despite scrutiny from regulators

Binance has earlier faced challenges in Singapore, where several crypto exchanges have received central bank approval to offer payment services

Investors have been cashing in their Binance USD tokens since the US Securities and Exchange Commission said it was considering taking action against the platform

Binance founder Changpeng Zhao – or CZ – is said to have lost $87bn of his personal wealth in around...

Binance founder Changpeng Zhao – or CZ – is said to have lost $87bn of his personal wealth in around 130 days

Binance had invested $3 million in TerraUSD's sister cryptocurrency, Luna, four years ago. Its value plunged from $1.6 billion before last week's crash to less than $3,000 today. 

Elon Musk has raised $7bn in new funding for his attempted $44bn buyout of the social media platform

Binance, the world's biggest crypto exchange, gained a licence to operate in Dubai, bolstering the UAE's aim of becoming a crypto hub. 

Russia is facing a barrage of sanctions following its invasion of Ukraine. Governments are concerned it may use cryptocurrencies to evade them

Many of the world's largest crypto exchanges – including Binance, Kraken and Coinbase – have refused to ban Russian clients raising fears of a sanctions backdoor