Binance
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The world’s leading blockchain ecosystem and digital asset exchange
Changpeng Zhao Sentenced to Four Months in Prison
Former Binance CEO Changpeng Zhao was sentenced to four months in federal prison after pleading guilty to violating U.S. anti-money laundering laws, a lighter sentence than prosecutors' requested 36 months.
Binance Pleads Guilty to U.S. Charges; CZ Steps Down as CEO; Richard Teng Appointed
Binance pled guilty to anti-money laundering and sanctions violations, agreed to pay $4.3 billion in penalties, and founder Changpeng Zhao stepped down as CEO. Richard Teng was named as his successor.
U.S. SEC Files 13 Charges Against Binance and CZ
The Securities and Exchange Commission charged Binance and founder Changpeng Zhao with operating unregistered exchanges, broker-dealers, and clearing agencies, and the unregistered offer and sale of securities.
BNB Chain Bridge Exploited for $570 Million
An attacker exploited a bug in the BSC Token Hub cross-chain bridge's smart contract, forging transactions to drain approximately 2 million BNB tokens worth roughly $570 million. Binance halted the chain and most funds were frozen.
Binance Smart Chain Rebrands to BNB Chain
Binance Smart Chain rebranded to BNB Chain — standing for 'Build and Build' — to de-emphasize the Binance name and reflect a broader push toward decentralization and a multi-chain future.
Binance Smart Chain Mainnet Launches
Binance launched Binance Smart Chain (BSC), an EVM-compatible parallel blockchain enabling smart contracts and decentralized applications, which rapidly became a leading DeFi ecosystem.
Binance Acquires CoinMarketCap
Binance acquired CoinMarketCap, the most-referenced cryptocurrency data aggregator, in its largest acquisition to date, for an undisclosed sum with the deal closing on March 31, 2020.
Binance.US Launches for American Customers
Binance.US, a regulated American affiliate of Binance operated by BAM Trading Services, began trading with support for seven cryptocurrencies across 13 fiat-to-crypto and crypto-to-crypto pairs.
Binance Suffers $40 Million Security Breach
Hackers stole 7,000 Bitcoin (worth approximately $40 million at the time) from the Binance hot wallet using compromised API keys, two-factor codes, and phishing techniques.
Binance Chain Mainnet Launches; BNB Migrates from ERC-20
Binance launched its own blockchain, Binance Chain, and migrated the BNB token from Ethereum's ERC-20 standard to the new native chain, with the swap beginning April 23, 2019.
Binance Acquires Trust Wallet in First-Ever Acquisition
Binance acquired Trust Wallet, a popular mobile wallet for Ethereum and ERC20 tokens, marking the company's first acquisition, in a deal involving cash, stock, and BNB tokens.
Binance Exchange Officially Launches
Founded by Changpeng Zhao (CZ) and Yi He, the Binance cryptocurrency exchange opened for trading and grew into the world's largest exchange by trading volume within 180 days.
Binance Coin (BNB) Initial Coin Offering Begins
Binance raised approximately $15 million through the ICO of its native BNB token, which ran from June 26 to July 3, 2017, to fund the launch of the exchange.