Download Financial Express App for latest business news. Get live Share Market updates and latest India News and business news on Financial Express. Binance, the world’s largest cryptocurrency exchange, was sued by the US’s top financial watchog on Monday, accused of mishandling customer funds and lying to. According to a Binance blog in November 2020, Zhao learned about Bitcoin in 2013 during a game of poker, after which he decided to go all-in on crypto and even sold his apartment to buy Bitcoin. Binance exchange could be worth around $300 billion as a public company, according to former company executives, as per a Novemreport by The Wall Street Journal. 2 days ago &0183 &32 June 5 (Reuters) - The worlds largest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Other crypto entrepreneurs on the Bloomberg Billionaires Index were FTX founder Sam Bankman-Fried at 128th rank with $15.4 billion net worth and Coinbase CEO Brian Armstrong at 279th rank with $8.9 billion fortune.īinance was the largest cryptocurrency exchange with a 24-hour trading volume of $11.8 billion, at the time of filing this report, as per CoinMarketCap. While Forbes had estimated Zhao’s net worth at $1.9 billion in August 2021, according to Hurun Global Rich List 2021, Zhao had a fortune of $8 billion, up 208 per cent from the preceding year. Zhao has a net worth of 96 billion, excluding crypto holdings. (Bloomberg) - The US Securities and Exchange Commission accused Binance Holdings Ltd.
Also read: Pakistan’s FIA sends notice to global crypto exchange Binance in alleged $100-million scam 2 days ago &0183 &32 SEC Sues Binance and CEO Zhao for Breaking Securities Rules.
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