Bloomberg Television
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Binance Pleads Guilty, Loses CEO Zhao, Pays Fines to Legal End Woes
Posted
November 21, 2023
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10,446
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November 21, 2023
10,446
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2:24Now PlayingCryptocurrency exchange Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao have pleaded guilty to anti-money laundering and US sanctions violations. Binance will pay more than $4 billion, and Zhao will pay a $50 million fine under a deal that requires him to step down as he awaits sentencing. Su Keenan reports on Bloomberg Television.
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