Posted inBanking and Financial Institutions Binance Corporations Decisions and Verdicts Fines (Penalties) Money Laundering Regulation and Deregulation of Industry Suits and Litigation (Civil) Virtual Currency
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.