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Binance's Zhao pleads guilty, steps down to settle US illicit finance probe

Chris Prentice, David Lawder, Jonathan Stempel, Chris Prentice

2023-11-22 2023-11-22T04:33:27Z

In: Reuters

URL: https://www.reuters.com/markets/us/us-authorities-set-unveil...

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Abstract

Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange, prosecutors said on Tuesday.

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