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.

ChainCatcher news, The Wall Street Journal cites sources saying that regulators will impose a $4.3 billion fine on Binance, and Zhao Changpeng has agreed to resign and plead guilty to violations of anti-money laundering regulations. In addition, Zhao Changpeng will appear in federal court in Seattle tomorrow.

ChainCatcher news, according to Forbes citing informed sources, as part of a $4 billion major settlement agreement between the U.S. Department of Justice and the world's largest cryptocurrency exchange platform, Binance CEO Changpeng Zhao may resign from Binance.It is reported that this settlement will be reached between Binance and the Department of Justice as well as the Commodity Futures Trading Commission, while the U.S. Securities and Exchange Commission is not participating at this time.

According to ChainCatcher, citing informed sources from Bloomberg, if Changpeng Zhao steps down due to regulatory challenges, Richard Teng will become the next CEO of Binance.According to a previous report by ChainCatcher, in late May, Changpeng Zhao appointed Richard Teng as the head of all regional markets outside the United States. Richard Teng has held senior positions in the Monetary Authority of Singapore, the Singapore Exchange, and the Abu Dhabi International Free Trade Zone. He joined Binance in May 2021, focusing on supporting Binance's growth in a compliant and sustainable manner. (Source link)