Trump Family in Talks with Binance Amid Legal Challenges
According to The Wall Street Journal, representatives of the Trump family have engaged in discussions to acquire a financial stake in Binance's U.S. operations. This development follows Binance's guilty plea in 2023 for violating anti-money laundering regulations. Changpeng Zhao, Binance's founder, who served a four-month prison sentence related to these charges, is reportedly seeking a pardon from the Trump administration. Zhao remains the largest shareholder of Binance, which continues to navigate legal and regulatory challenges.
For more details, visit the original article on The Wall Street Journal: https://www.wsj.com/finance/currencies/trump-family-has-held-deal-talks-with-binance-following-crypto-exchanges-guilty-plea-05b029fa
India Arrests Lithuanian Crypto Exchange Operator
CNN reports that Indian authorities have arrested Aleksej Besciokov, a Lithuanian national accused of operating a $96 billion cryptocurrency exchange, Garantex, which allegedly facilitated money laundering for criminal organizations. The arrest, made in Kerala, India, follows a U.S.-led investigation that included freezing $26 million in assets and unsealing an indictment against Besciokov and his Russian accomplice, Aleksandr Mira Serda. The U.S. is expected to seek Besciokov's extradition to face charges in Virginia.
Read the full story on CNN: https://www.cnn.com/2025/03/12/politics/india-arrests-lithuanian-crypto-exchange/index.html
Binance Secures $2 Billion Investment from Abu Dhabi’s MGX
Forbes reveals that Binance has received a $2 billion investment from Abu Dhabi's state-owned MGX, marking the cryptocurrency exchange's first institutional funding. The deal, paid in stablecoins, represents the largest investment ever made in cryptocurrency. MGX, which is also funding a $500 billion AI project in the U.S., aims to leverage this partnership to innovate at the intersection of AI, blockchain, and finance. Binance, under CEO Richard Teng, continues to expand its global footprint despite past legal challenges.
For more information, visit Forbes: https://www.forbes.com/sites/zinnialee/2025/03/13/crypto-exchange-binance-scores-2-billion-stablecoin-investment-from-abu-dhabis-mgx/
Abu Dhabi’s MGX Makes Historic Crypto Investment
CNBC reports that MGX, an Emirati state-owned investment firm, has pledged $2 billion to Binance, marking the largest cryptocurrency investment ever. The minority stake was paid in stablecoins, underscoring MGX's commitment to advancing blockchain and digital finance. This move aligns with the UAE's ambition to become a global technology leader, as Binance continues to strengthen its presence in the Middle East.
Read the full article on CNBC: https://www.cnbc.com/2025/03/13/abu-dhabis-mgx-to-invest-2-billion-in-crypto-exchange-binance.html
MGX Invests $2 Billion in Binance
Reuters confirms that Abu Dhabi's MGX has invested $2 billion in Binance, acquiring a minority stake in the cryptocurrency exchange. The investment, made in stablecoins, highlights MGX's strategy to foster innovation in blockchain and finance. Binance, which employs 1,000 staff in the UAE, continues to expand its operations in the region while navigating regulatory challenges globally.
For further details, visit Reuters: https://www.reuters.com/technology/binance-says-abu-dhabis-mgx-invests-2-bln-into-crypto-exchange-2025-03-12/
Sources:
- Exclusive | Trump Family Has Held Deal Talks With Binance Following Crypto Exchange’s Guilty Plea
- India arrests man accused of running $96 billion crypto exchange at request of US
- Crypto Exchange Binance Scores $2 Billion Stablecoin Investment From Abu Dhabi’s MGX
- Binance secures ‘largest investment ever’ in crypto as Abu Dhabi’s MGX pledges $2 billion
- Abu Dhabi-backed investor buys into Binance with $2 bln of crypto
- Abu Dhabi’s MGX to invest $2bn in crypto exchange Binance
