#binance
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Changpeng Zhao's Net Worth Rises by $25 Billion in 2023
Bloomberg reports that Changpeng Zhao (CZ), the ex-CEO of the crypto exchange Binance, saw his fortune grow by almost $25 billion in 2023. His financial growth surpassed that of other crypto industry billionaires, including Coinbase's CEO Brian Armstrong and the Winklevoss twins. 
Binance Reimburses Users with $4 Billion in Lost Funds
In an effort spanning the last two years, Binance has managed to recompense $4 billion to its users, addressing losses from platform glitches or user errors. This includes mishaps like incorrect deposits or transactions amid blockchain upgrades, with the team rectifying upwards of 381,616 such instances. Renewed Legal Debate Over Cryptocurrency's Status
In the ongoing SEC vs Binance case, Federal Judge Amy Berman Jackson is seeking the commission's arguments to determine if digital assets should be classified as securities. Binance is set to engage in discussions, especially concerning staking and the definition of securities' 'duration'. Hacker Offers Access to Binance's Law Enforcement Interface
On a specialized forum, an unidentified hacker is selling access to the law enforcement request control panel for the crypto exchange Binance. The price is set at $10,000, payable in cryptocurrencies like Bitcoin (BTC) or Monero (XMR). The validity of this offer has been verified by the analysts at Hudson Rock. 
France Could Determine Binance's Fate in Europe
Cryptocurrency exchange Binance faces the risk of losing access to the European Union market if French regulators reject the company's application for registration under the new MiCa legislation. A major reason for this could be that Changpeng Zhao (CZ) is the sole owner of the French branch, holding 100% of its shares. 
Indian Crypto Leaders Applaud Foreign Exchange Site Bans
Leaders within India's crypto community have largely welcomed the country's decision to block websites of international crypto exchanges, including Binance, Huobi, and KuCoin. Nischal Shetty, the CEO of Indian exchange WazirX, has labeled this step as a move “towards greater regulatory clarity and control”. 
