The CEO of Binance, the largest cryptocurrency exchange, has been fined $4 billion and pleaded guilty for failing to prevent money laundering.
The U.S. government has made a significant impact on Binance, the biggest cryptocurrency exchange globally. On Tuesday, the founder and CEO Changpeng Zhao admitted his guilt to a felony charge for not stopping money laundering on the platform and agreed to pay a $4 billion settlement. Zhao resigned from his position as the CEO of
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