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Largest Crypto Exchange Fined $4 Billion; CEO Pleads Guilty to Allowing Money Laundering - New Delhi Times - India's Only International Newspaper

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. Zhao stepped down as the company's chief executive,…
United Arab Emirates Cayman Islands Sam Bankman Janet Yellen Changpeng Zhao Briana Tsuchida

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Largest crypto exchange Binance fined $4 billion, CEO pleads guilty to not stopping money laundering - New Delhi Times - India's Only International Newspaper

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. Zhao stepped down as the company’s chief executive…
United Arab Emirates Cayman Islands Mark Bartlett Janet Yellen Sam Bankman Changpeng Zhao

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