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Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations - The New York Times

Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.

Changpeng-Zhao · Binance · Virtual-Currency;Cryptocurrency;Crypto · Regulation-and-Deregulation · Companies · Banking-and-Finance · Lawsuits · Appointments-and-Executive-Changes · Fines · Money-laundering · Decisions-and-Verdicts

November 21, 2023 at 2:43:42 PM EST * · permalink

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https://www.nytimes.com/2023/11/21/technology/binance-changpeng-zhao-pleads-guilty.html