Binance CEO Pleads Guilty to Money Laundering Violations, Will Step Down

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  • November 21, 2023

Binance founder Changpeng Zhao (CZ) will step down from his CEO duties and plead guilty to criminal charges, paying a $50 million fine, according to court documents made public Tuesday. The Department of Justice is expected to announce a $4 billion settlement with Binance this afternoon, putting an end to an…

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