Posted on Nov 21, 2023
CZ, founder of crypto giant Binance, pleads guilty to money laundering violations
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https://www.npr.org/2023/11/21/ [login to see] /binance-cz-changpeng-zhao-pleads-guilty-settlement-crypto-doj
The founder and CEO of Binance, Changpeng Zhao, agreed to plead guilty to money laundering violations and to step down from the world's largest crypto exchange as part of a sweeping settlement with U.S. law enforcement and financial regulators.
CZ, as he's widely known, will also pay a $50 million fine, while Binance will pay $4.3 billion in fines as part of the deal. The settlement will allow Binance to continue operating.
The founder and CEO of Binance, Changpeng Zhao, agreed to plead guilty to money laundering violations and to step down from the world's largest crypto exchange as part of a sweeping settlement with U.S. law enforcement and financial regulators.
CZ, as he's widely known, will also pay a $50 million fine, while Binance will pay $4.3 billion in fines as part of the deal. The settlement will allow Binance to continue operating.
CZ, founder of crypto giant Binance, pleads guilty to money laundering violations
Posted from npr.org
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