Binance, the cryptocurrency exchange platform, along with its ex-CEO, Changpeng “CZ” Zhao, have settled a long-standing case with the Commodity Futures Trading Commission (CFTC) by agreeing to pay $2.85 billion, as approved by a U.S. court. What Happened: Binance will pay the larger share of $2.7 billion while Zhao will cover the remaining $150 million, as reported by Cointelegraph on Sunday. The U.S. District Court for the Northern District of Illinois has approved the settlement, thereby ending the enforcement action launched by the CFTC last November. Binance and Zhao were found guilty of b…

Read More