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The U.S. government has dealt a massive blow to Binance, the world’s largest cryptocurrency exchange. The company's founder, Changpeng Zhao, pleaded guilty to a felony charge Tuesday related to his
The U.S. government has dealt a massive blow to Binance, the world’s largest cryptocurrency exchange. The company agreed to a roughly $4 billion settlement with the U.S. over violations of
Authorities charged Binance founder Changpeng Zhao with not doing enough to prevent money laundering on the cryptocurrency exchange.
The U.S. government has dealt a massive blow to Binance, the world’s largest cryptocurrency exchange.
The U.S. government has dealt a massive blow to Binance, the world’s largest cryptocurrency exchange. The company agreed to a roughly $4 billion settlement with the U.S. over violations of the Bank Secrecy Act and apparent violations of sanctions programs. Binance founder and CEO Changpeng Zhao pleaded guilty to a felony charge Tuesday related to his failure to prevent money laundering on the platform. Zhao has announced that he stepped down as the company’s chief executive. U.S. Attorney General Merrick Garland said the settlement is one of the largest corporate penalties in U.S. ...