Binance chief Changpeng Zhao pleads guiltyto money laundering charges - BBC New
1 year ago
6
The Binance chief executive, Changpeng Zhao, hasresigned after pleading guilty to money laundering
violations.
He said in a post on X that he "made mistakes" and"takes responsibility" for the charges.
The US Justice Department said it was requiringBinance, the largest crypto-exchange in the world, topay $4.3bn (£3.4bn) in penalties and forfeitures,saying Binance had helped users bypass sanctionsacross the world.
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