Binance founder Changpeng Zhao strikes money laundering plea deal

almost 2 years in The guardian

Court filing said as part of guilty plea Zhou agreed to pay $50m fine and step down from role as chief executive of the companyChangpeng Zhao, founder of Binance the world’s largest cryptocurrency exchange, agreed to plead guilty to money laundering violations on Tuesday, according to the court papers filed in federal court in Seattle.The filing said as part of a guilty plea Zhou agreed to pay a $50m fine, step down from his role as chief executive of the company, and would be barred from any involvement in the business. Continue reading...

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