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Binance's Zhao pleads guilty, steps down to settle US illicit finance probe

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reuters.com/markets/us/us-authorities-set-unveil-settlement-with-binance-source-2023-11-21

Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange, prosecutors said on Tuesday.
The deal, which will see Zhao personally pay $50 million, was described by prosecutors as one of the largest corporate penalties in U.S.…

This story from reuters.com was posted on 2023-11-22 by @softsky.

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