Binance Founder Changpeng Zhao to Plead Guilty and Step Down in Money Laundering Case
TL;DR Summary
Binance CEO Changpeng Zhao is set to step down and plead guilty to violating U.S. anti-money-laundering laws, in a move that could allow the cryptocurrency exchange to continue operating. Zhao is expected to enter his plea in a Seattle federal court and Binance will also plead guilty, agreeing to pay fines totaling $4.3 billion to settle civil allegations.
Topics:top-news#anti-money-laundering#binance#changpeng-zhao#cryptocurrency#cryptocurrency-exchange#plea-deal
- Binance Founder Changpeng Zhao Agrees to Step Down, Plead Guilty The Wall Street Journal
- CEO of world’s largest cryptocurrency exchange expected to plead guilty to money laundering violations CNN
- Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations The New York Times
- Binance CEO Changpeng Zhao to plead guilty to federal charges, step down CNBC
- VanEck's Matt Sigel: Reporting from WSJ that Binance Founder Zhao will plead guilty "is a big deal" Bloomberg Television
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