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Largest crypto exchange Binance fined USD4 billion | Borneo Bulletin Online

WASHINGTON (AP) – The US government dealt a massive blow to Binance, the world’s largest cryptocurrency exchange, which agreed to pay a roughly USD4 billion settlement Tuesday as its founder and CEO Changpeng Zhao pleaded guilty to a felony related to his failure to prevent money laundering on the platform. Zhao stepped down as the […]
United Arab Emirates United States Cayman Islands Mark Bartlett Briana Tsuchida Changpeng Zhao

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Largest crypto exchange Binance fined $4 bil., CEO pleads guilty to not stopping money laundering

The U.S. government dealt a massive blow to Binance, the world’s largest cryptocurrency exchange, which agreed to pay a roughly $4 billion settlement Tuesday as its founder and CEO Changpeng Zhao pleaded guilty to a felony related to his failure to prevent money laundering on the platform.
United Arab Emirates United States Cayman Islands Mark Bartlett Changpeng Zhao Sam Bankman

Largest Crypto Exchange Binance Fined $4 billion, CEO Pleads Guilty to Not Stopping Money Laundering

WASHINGTON (AP) — The U.S. government dealt a massive blow to Binance, the world’s largest cryptocurrency exchange, which agreed to pay a roughly $4 billion settlement Tuesday as its founder and CEO Changpeng Zhao pleaded guilty to a felony related to his failure to prevent money laundering on the platform.
United Arab Emirates Cayman Islands United States Janet Yellen Changpeng Zhao States Binance

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