CEO Changpeng Zhao stepping down from position at Binance amid federal money laundering charges. Binance to forfeit $2.5 billion and pay $1.8 billion fine to government. Zhao and others accused of failing to implement anti-money laundering measures, willfully violating economic sanctions. Zhao stepping down as CEO, former global head of regional markets Richard Teng taking over. Binance to remain in operation under stricter rules and compliance measures. SEC charges against Binance and Zhao not resolved in settlement.
- December 4, 2023
Audio device leader Rode has acquired rival company Mackie, creating a pro audio and streaming powerhouse. Rode, known for pro-level audio devices, has now turned […]
- December 8, 2023
Remedy’s Alan Wake 2 took home a big win, and the developer wasted no time capitalizing on the momentum, announcing free DLC set to release […]
- November 22, 2023
OpenAI and Microsoft are facing a lawsuit from a group of non-fiction authors, led by Julian Sancton, for allegedly using their books and academic journals […]