Binance CEO agrees to step down, plead guilty in $4B settlement: report
- Binance CEO Changpeng Zhao has resigned after pleading guilty to money laundering violations, stating "I made mistakes, and I must take responsibility."
- The Justice Department has required Binance to pay $4.3bn in penalties and forfeitures and report suspicious activity to federal authorities to aid in criminal investigations.
- Richard Teng has been named the new CEO of Binance, as the company faces charges for conducting an unlicensed money transmitting business and violating financial laws.
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Total News Sources0
Leaning Left38Leaning Right22Center30Last UpdatedBias Distribution42% Left
Bias Distribution
- 42% of the sources lean Left
42% Left
L 42%
C 34%
R 24%
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