Binance CEO Pleads Guilty in $4.3 Billion Settlement, Steps Down
Changpeng Zhao, the Binance CEO, has pleaded guilty to criminal charges and resigned from his position as part of a $4.3 billion settlement with the U.S. Department of Justice (DOJ). The settlement resolves a multiyear investigation into Binance, the world's largest cryptocurrency exchange. Zhao and others were charged with violating the Bank Secrecy Act by failing to implement an effective anti-money-laundering program and willfully violating U.S. economic sanctions. https://twitter.com/cz_binance/status/1727063503125766367 In his statement on X (formerly Twitter), Zhao admitted to making...