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Zhao argued that he is a first-time offender and has cooperated acting in good faith regarding the matter.
Oluwapelumi Adejumo 2 min read 
The Philippines SEC has made recurring warnings about Binance's illegal operation within its jurisdiction.
Binance's legal battle in Nigeria has faced significant challenges, with the cout postponing proceedings twice.
This decision is coming four months after HashKey restricted large deposits from third-party exchanges except from Binance
Hedgey confirmed that it was investigating an exploit on its platform.
Binance has prioritized compliance after settling its legal issues with US authorities last year.
Binance US's market share has plummetted to under 1% following its regulatory struggles with the authorities.
Gambaryan argued that he shouldn't be held responsible for Binance's actions.
Binance's legal turmoil in Nigeria continues amid charges and executive detention.
