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.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
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%
![RIA Novosti [🇷🇺-affiliated]](https://groundnews.b-cdn.net/interests/2a0109015009cf4c268971a719f58598126b4051.jpg?width=60&quality=70)
![Sputnik Globe [🇷🇺-affiliated]](https://groundnews.b-cdn.net/interests/e68d7b37f05a67679cc6152365afdd6e33dafdc1.jpg?width=60&quality=70)
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
