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Bye, bye, Binance? / Caroline Chen, Clifford Kyle Jones, Danielle S. Lazerson, Emmanuel Sequeira, Andy Borchers.
- Format:
- Book
- Author/Creator:
- Chen, Caroline, author.
- Jones, Clifford Kyle, author.
- Lazerson, Danielle S., author.
- Sequeira, Emmanuel, 1991- author.
- Borchers, Andy, author.
- Series:
- SAGE business cases.
- SAGE business cases
- Language:
- English
- Subjects (All):
- Corporations--Corrupt practices--Case studies.
- Corporations.
- Physical Description:
- 1 online resource.
- Place of Publication:
- London : Society for Case Research, 2024.
- Summary:
- On November 23, 2023, the CEO of Binance, the world's largest cryptocurrency exchange, Changpeng Zhao (CZ), resigned, pled guilty to running afoul of U.S. laws, and agreed to have Binance pay a $4.3 billion settlement and personally pay a $50 million settlement to the U.S. Department of Justice. Despite the settlement payments and facing a probable prison sentence, CZ arguably had maximized both shareholders' and his own value by skirting U.S. regulators for five years.
- Notes:
- Description based on XML content.
- ISBN:
- 979-83-488-3412-8
- OCLC:
- 1569208526
- Publisher Number:
- T299269
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