{"id":172136,"date":"2023-10-11T15:23:47","date_gmt":"2023-10-11T09:53:47","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=172136"},"modified":"2023-10-11T15:23:47","modified_gmt":"2023-10-11T09:53:47","slug":"brazilian-congressional-committee-calls-for-binance-ceo-zhaos-indictment-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/brazilian-congressional-committee-calls-for-binance-ceo-zhaos-indictment-crypto-news\/","title":{"rendered":"Brazilian congressional committee calls for Binance CEO Zhao\u2019s indictment\u00a0 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>A congressional committee in Brazil recommended the indictment of Changpeng Zhao, chief executive officer of Binance, following a probe into the world\u2019s largest cryptocurrency exchange.\u00a0<\/p>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/binance-hong-kong-users-lose-us450000-phishing-texts\/\">Binance users in Hong Kong hooked by US$450,000 phishing attacks<\/a><\/p>\n<h3 class=\"wp-block-heading\">Fast Facts<\/h3>\n<ul>\n<li>The 509-page <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.camara.leg.br\/proposicoesWeb\/prop_mostrarintegra?codteor=2342059&amp;filename=REL%201\/2023%20CPIPIRAM\">report<\/a> accuses Zhao and three other local Binance executives, Daniel Mangabeira, Guilherme Haddad Nazar and Thiago Carvalho, of fraudulent management practices, operating without sufficient authorization and offering securities trading without authorization.\u00a0<\/li>\n<\/ul>\n<ul>\n<li>The report further recommended indicting 45 other people citing \u201cstrong evidence\u201d of their alleged participation in fraudulent activity.<\/li>\n<\/ul>\n<ul>\n<li>The committee called for the Federal Public Ministry, a body of public prosecutors, to launch an investigation into Binance\u2019s operations in the country, specifically focused on alleged tax evasion, money laundering and organized criminal activity.<\/li>\n<\/ul>\n<ul>\n<li>The paper also urged the country\u2019s securities watchdog to launch an investigation into Binance\u2019s derivative products.<\/li>\n<li>These recommendations are not legally binding but may be used as guidance by authorities.<\/li>\n<li>The accusation is the latest in a series of global legal challenges piling up for Binance and Zhao. In the U.S., the exchange <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/binance-us-ceo-sec-lawsuit-securities-violations\/\">was sued<\/a> by the Securities and Exchange Commission and the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/video-audio\/crypto-ebbs-as-cftc-sues-binance\/\">Commodities Futures Trading Commission<\/a> earlier this year.<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/binance-ico-raised-less-us5-mln-forbes\/\">Binance ICO raised less than US$5 mln: Forbes<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A congressional committee in Brazil recommended the indictment of Changpeng Zhao, chief executive officer of Binance, following a probe into the world\u2019s largest cryptocurrency exchange.\u00a0 See related article: Binance users in Hong Kong hooked by US$450,000 phishing attacks Fast Facts The 509-page report accuses Zhao and three other local Binance executives, Daniel Mangabeira, Guilherme Haddad [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":95196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-172136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=172136"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172136\/revisions"}],"predecessor-version":[{"id":172138,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172136\/revisions\/172138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/95196"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=172136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=172136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=172136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}