U.S. District Judge accepts guilty plea from former Binance CEO Zhao Changpeng

2023-12-07 08:31:03

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ChainCatcher news, according to documents from the U.S. District Court for the Western District of Seattle, Judge Richard Jones has accepted the guilty plea of former Binance CEO Changpeng Zhao. Zhao pleaded guilty to charges of anti-money laundering violations and sanctions violations, concluding a case that followed years of investigation by federal regulatory agencies.

Currently, Binance has agreed to pay $4.3 billion, and Zhao has agreed to pay a $50 million fine and resign from his position as CEO.

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Binance's $4.3 billion settlement case continues to be tracked.

The boots have finally dropped! Binance will pay up to $4.3 billion in fines to the U.S. Treasury, and Changpeng Zhao has announced his resignation as CEO of Binance... What will be the subsequent impact of this hefty settlement on Binance and the cryptocurrency industry? Will it open a new chapter for compliance regulation in the industry?

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