Kohl’s CEO shifts focus back to stores: ‘The digital business is really what’s bringing us down’ | Retail Dive: The company is turning its spotlight to stores despite what GlobalData Managing Director Neil Saunders calls an atmosphere that is “increasingly tired and devoid of energy.”
Celsius to Curtail Scope of New Company to Mining Assets - WSJ: The company expects to distribute more liquid crypto to customers under the revised plan.
Binance Sees User Outflows as CEO Changpeng Zhao Pleads Guilty - Bloomberg: Binance’s native token BNB and a range of smaller cryptocurrencies declined with Changpeng Zhao stepping down from the largest digital-asset exchange under a sweeping deal worked out with the US Justice Department.
Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations - The New York Times: Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
Binance CEO Changpeng Zhao Agrees to Step Down, Plead Guilty - WSJ: The chief executive of the largest global cryptocurrency exchange, plans to plead guilty to violating criminal U.S. anti-money-laundering requirements. Zhao’s crypto exchange will also admit wrongdoing and agree to pay $4.3 billion in fines
U.S. Treasury Announces Largest Settlements in History with World’s Largest Virtual Currency Exchange Binance for Violations of U.S. Anti-Money Laundering and Sanctions Laws | U.S. Department of the Treasury: FinCEN settlement of $3.4 billion and OFAC settlement of $968 million largest for each
Remarks by Secretary of the Treasury Janet L. Yellen at Press Conference Announcing New Treasury Action Against Illicit Finance | U.S. Department of the Treasury: We’re here today to announce the Treasury Department’s historic action—the largest enforcement action in Treasury’s history—against Binance—the world’s largest virtual currency exchange—for its consistent and egregious violations of U.S. anti-money laundering and sanctions laws.
Binance and CEO Plead Guilty to Federal Charges in $4B Resolution | United States Department of Justice: Binance Holdings Limited (Binance), the entity that operates the world’s largest cryptocurrency exchange, Binance.com, pleaded guilty today and has agreed to pay over $4 billion to resolve the Justice Department’s investigation into violations related to the Bank Secrecy Act (BSA), failure to register as a money transmitting business, and the International Emergency Economic Powers Act (IEEPA).
