jakiro
Jessy, Bitchain Vision Realm
On August 16, the three former Binance users filed a collective lawsuit against Binance and Zhao Changpeng in the Federal Court of Seattle, accusing Binance alleged to have money to launder money through their own platforms and harmed consumer interests.
At this time, it was more than a month since the end of Zhao Changpeng’s sentence. Many people worry that the lawsuit will affect its normal prison.Lawyer Xiao Yan, a senior partner of Beijing Dacheng Law Firm, said in an interview with the Bitchain Vision that the lawsuit was a civil lawsuit. There is no legal direct connection with the previous criminal lawsuit that served his sentence.The length of the sentence.
It has been nearly a year since Zhao Changpeng’s participation in the lawsuit in the United States.In November last year, Binance reached a settlement with the United States and paid a fine of $ 4.3 billion.Zhao Changpeng also acknowledged that he violated the allegations of anti -money laundering laws in the United States, resigned from the position of CEO of Binance, and paid $ 175 million in fines.In May of this year, Zhao Changpeng began to serve in prison with a sentence of 4 months.
In many people’s cognition, the matter where Binance was regulated by the United States should come to an end. Binance paid a “protection fee” to the United States and eliminated regulatory obstacles.However, the collective lawsuit has sounded the alarm, whether it is for Binance or the blockchain industry itself: and the game of supervision is not forever and for all. In the futureThe big head.
Zhao Changpeng may be in prison as scheduled
According to media reports, Zhao Changpeng is expected to be released on September 29.But this week, he has transferred from a minimum security level in Southern California to RRM Long Beach. This is a residential project prepared for prisoners who are about to be released.
Because of the overdue of Zhao Changpeng’s release of prison, the Bonbon BNB has recently risen.Although Zhao Changpeng was banned from participating in the specific work of Binance for three years, the return of the industry’s “big brother” is undoubtedly boosting confidence for the industry.
Attorney Xiao Yan said that according to the current public information, the three plaintiffs in the Western District Court of Seattle to Zhao Changpeng as a civil lawsuit. The plaintiff believes that the stolen cryptocurrencies have failed to effectively prevent criminal money laundering because the counters have failed to effectively prevent criminals’ money laundering behavior.As a result, it cannot be recovered, so it requires the loss of money.At present, the civil lawsuit and Zhao Changpeng’s criminal cases have not been legal directly, and it will not affect its sentence and torture.
Specific to this case, Lawyer Xiao said that the key to the result of the judgment in this case is whether the plaintiff has sufficient, legally and effective evidence, which can prove that Binance has implemented relevant measures under the advice of Zhao Changpeng.There is a legal cause and effect between currency cannot be retrieved.
At the same time, the application of the law is also very important. The plaintiff believes that Zhao Changpeng’s behavior violates the “Criminal Law of the Anti -Fraud and Corruption Group” (referred to as “RICO”) formulated by the United States in 1970, and the two sides will inevitably be tattooed in terms of law.At present, it is the beginning of this lawsuit. It is impossible to judge the direction of the case, and it is necessary to let the bullet fly for a while.
“$ 4.3 billion” is not a protection fee, but opened the Pandora Magic Box
Considering the collective lawsuit that Binance and Zhao Changpeng faced in the United States for nearly a year or two:
In April 2024, it was reported that at least 10 similar collective lawsuits were mentioned in the Southern District Court of New York, accusing cryptocoli companies such as Binance and other encrypted companies to sell unregistered securities products to American investors.
In 2021, COX filed a collective lawsuit for the first time in 2021, accusing the Binance people restricted the ranking of HEX’s COINMARKETCAP on the COINMARKETCAP under the Binance Banner, thereby manipulating HEX’s currency price.In February 2023, the judge of the regional court rejected the lawsuit for the first time.In August 2024, the US Appelled Court of Appeals partially overturned the rejection decision to the collective lawsuit filed by Binance.us.In other words, it restarted the hex manipulation case for binance.us.
In January 2024, on behalf of three SeiDen Law LLP officials, the SEIDEN LAW LAW LAW LLP Office, which harmed American families in Israel in the Haras terrorist attack on the Hamas Terrorist Territory, the CEO of the Southern District of New York and its former CEO Zhao Changpeng, the Iran and the Syrian governmentLitigation is filed, accusing them of providing funds and other material support for the terrorist activities of the Palestinian radical organization.
In April 2023, Moskowitz led by the collective litigation senior lawyer Adam Moskowitz represented “hundreds of thousands of victims” on behalf of the “hundreds of thousands of victims”, the celebrities (including the NBA Miami Heat of the NBA Miami Heat, and the CEO Zhao Changpeng, and the CEO Zhao Changpeng.Team star Jimmy Battler) filed a lawsuit.The lawsuit is suspected of selling and promoting unregistered securities.
It can be found through the above three collective lawsuits that the sale of unregistered securities products is a litigation that Binance has been filed in the past and the future.This approach violates the Securities Law.
Xiao Yan said that no matter whether it is a company in the encrypted asset industry or whether a company’s compliance is good, it is impossible for any company to avoid being sued by regulators or consumers.Of course, the better the compliance work is done, the less losses caused by regulatory agencies and consumers.
In the future, Binance will not use strict means to ban American users, because American users are one of the largest markets of Binance, and the exhibition of the US user industry also means that Binance will be regulated by US law and US regulatory agencies for a long time.Only by doing long -term compliance construction can we avoid various legal risks as much as possible.
And compliance is not only in the United States, but more and more countries are strengthening supervision of the encryption industry.
Like Binance, not only the collective lawsuit of similar illegal securities law in the United States. In April of this year, the High Court of Ontario of Canada filed a collective lawsuit on the cryptocurrency exchanges, accusing him of selling it to retail investors without registration.Cryptocurrency derivatives violate the securities law.The court pointed out in a collective lawsuit that the encryption contract is regarded as securities or derivatives according to the current regulations, and its marketing is distributed.And this is not the first time Binance has faced similar lawsuits in Canada.
Earlier, Binance paid 4.3 billion reconciliation costs, and the general views in the industry were “Binance paid a protection fee to the United States.”Lawyer Xiao Yan said that instead of saying that Binance’s reconciliation is “the protection fee has been paid,” it is better to open Pandora’s magic box. The subsequent civil lawsuits may continue to be raised, and everything is not good after reaching a settlement with the regulatory agency.
It can be seen that for Binance, Zhao Changpeng’s release does not mean that all obstacles represent the supervision. In the future, whether it is Binance or other exchanges, the compliance will be the main development line.
Where will Binance go after Zhao Changpeng’s departure?
If it costs 4.3 billion to regulate the reconciliation of the United States, it is a watershed by the development of Binance.So where will Binance after this watershed, after Zhao Changpeng’s departure, where will it go in the future?
The speed of currency this year has indeed slowed down. Compared with other exchanges, it is relatively small. In an interview, He Yi said that from last year to this year, there were only 30 coins launched by Binance, and while Binance launched only thirty, and it was only thirty, and the coin launched on Binance was only thirty, and it was only thirty.There are hundreds of other homes.
From the perspective of the speed of Shanghai currency, you can see the cautiousness of Binance. As the largest exchange in the industry, it will be stared at by more eyes and should also bear more responsibilities.
He Yi said that the future development of Binance has several main lines. First, technology application and innovative investment allows technology to better apply to the current industry.Binance will continue to invest in more companies, hoping that this industry will have more innovation.
The second is the platform expansion and user participation.Binance broaden more users entering the industry platform.In the past two years, Binance has increased content business, such as squares. The purpose is to allow users who are not interested in currency circle to participate in it, and slowly understand the currency circle and investment.
The third is stable currency and web3 wallet. Binance hopes to use Web3 wallets as a long -tail business to cover the current exchange users
The fourth is the issue of compliance and global expansion. The focus of the Binance business is to solve the global compliance problem, communicate with regulatory agencies in countries, establish trust, and anti -money laundering.
