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Tag: Binance

CFTC Slaps Binance with Lawsuit: CZ Defiantly Proclaims ‘Funds SAFU’ While Boarding Jet with Suitcases of Cold Wallets

Bahamas – The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Binance and its CEO, Changpeng Zhao (CZ), accusing them of willfully evading U.S. laws and offering unregistered crypto derivatives products. In response, CZ has taken an unorthodox approach to reassure users of their funds' safety: boarding his private jet with suitcases stuffed…

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The Crypto-CEO Life: Binance Pauses Trading While CZ Jets Off with Suitcases of Cash

In a move that has both cryptocurrency enthusiasts and skeptics shaking their heads in disbelief, Binance, the world's largest cryptocurrency exchange, has temporarily suspended trading. But don't panic, dear readers! It turns out that the unexpected shutdown is simply due to CEO Changpeng Zhao, aka CZ, taking a much-needed and well-deserved vacation. Coincidentally, CZ was…

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