Nov 21st, 2023
Binance Pleads Guilty, Loses CEO Zhao, Pays Fines to Legal End Woes
Cryptocurrency exchange Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao have pleaded guilty to anti-money laundering and US sanctions violations. Binance will pay more than $4 billion, and Zhao will pay a $50 million fine under a deal that requires him to step down as he awaits sentencing. Su Keenan reports on Bloomberg Television.



