“I made mistakes and I must take responsibility,” Binance CEO pleads guilty to violating US laws, exchange will pay $4.3 billion

by alex

But he can continue working

The CEO of Binance, the largest global cryptocurrency exchange, has resigned and pleaded guilty to violating US criminal anti-money laundering laws, according to court documents. Changpeng Zhao made a deal that would allow the company to continue operating. As part of this agreement, the exchange will pay a fine of $4.3 billion.

Changpeng Zhao appeared in federal court in Seattle on Tuesday, November 21, and entered a guilty plea. Prosecutors accused Binance, which Zhao owns, of facilitating transactions with sanctioned groups. Binance encouraged U.S. users to hide their locations so the firm could avoid U.S. anti-money laundering laws, prosecutors said.

«Я совершал ошибки, и я должен взять на себя ответственность», — глава Binance признал себя виновным в нарушении законов США, биржа заплатит $4,3 млрд

“Today I stepped down as CEO of Binance. <...> I made mistakes and I must take responsibility. This is what is best for our community, for Binance and for myself,” Zhao said on his page on the social network X.

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Founded in 2017, Binance cryptocurrency exchange is the world's leading digital asset trading system.

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