21-11-2023, 20:25
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#89
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,102
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Re: Bitcoin
https://wapo.st/3SSarI1
Quote:
Binance chief Changpeng Zhao pleads guilty to money laundering
Zhao’s guilty plea and departure as chief executive marks the end of an era for one of the crypto industry’s longest standing titans
Changpeng Zhao, founder of the world’s largest crypto exchange, pleaded guilty to federal money laundering on Tuesday afternoon and has agreed to step down as chief executive of Binance, which will pay a $4.3 billion fine, according to court documents.
As part of the plea agreement, Zhao is barred from working with the exchange for three years, according to a court filing dated Nov. 20. He appeared in federal court in Seattle on Tuesday, local news organizations reported, and according to the court filing will be fined $50 million.
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