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Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations

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.

David Yaffe-Bellany
Author: David Yaffe-Bellany

Written by

David Yaffe-Bellany Emily Flitter Matthew Goldstein and Glen

in

Corporations, Decisions and Verdicts, Fines (Penalties), Money Laundering, Regulation and Deregulation of Industry, Suits and Litigation (Civil), Virtual Currency
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