Published 8 months ago

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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Times of India

Binance CEO Changpeng Zhao in discussions to step down: report

Binance CEO Changpeng Zhao may step down as part of a major $4 billion settlement between the U.S. Department of Justice and the company, Forbes reported on Tuesday, citing a source familiar with the matter.

8 months ago·India

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BBC News

Binance chief Changpeng Zhao pleads guilty to money laundering charges

Changpeng Zhao will also step down as chief executive of the world's largest crypto-exchange.

8 months ago·United Kingdom

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News18 India

Binance CEO Pleads Guilty in Historic Money Laundering Case, Faces $4B in Penalties

Binance CEO pleads guilty to US money laundering charges, facing $4 billion penalties. World's largest crypto exchange accused of aiding terrorism and violating sanctions

8 months ago·India

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The Guardian

US authorities expected to unveil settlement with Binance

Deal resolves years-long investigation into the world’s largest crypto exchange, according to a sourceUS government authorities are expected to unveil a settlement with Binance on Tuesday, resolving a years-long investigation into the world’s largest crypto exchange, according to a source familiar with the matter.The deal, which will include charges against individuals and resolve allegations of violations of the Bank Secrecy Act and other US la…

8 months ago·London, United Kingdom

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Reuters

Binance chief will admit violating US laws as part of $4 billion deal to resolve probe

Binance Holdings chief Changpeng Zhao will admit violating U.S. laws as part of a deal to resolve a U.S. probe into illicit finance breaches, according to a source familiar with matter.

8 months ago·United Kingdom

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CBC News

Binance's Canadian CEO steps down, pleads guilty to breaking anti-money laundering laws

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

8 months ago·Canada

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