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+--- Thread: US Crypto king resigns: Binance CEO pleads guilty, company hit with $US4.3b (/Thread-US-Crypto-king-resigns-Binance-CEO-pleads-guilty-company-hit-with-US4-3b)
US Crypto king resigns: Binance CEO pleads guilty, company hit with $US4.3b - theold - 22-11-2023
Binance agreed to plead guilty to criminal charges and pay over $US4.3 billion ($6.6 billion) in penalties. Zhao, who agreed to step down and pay a $US50 million fine as part of the settlement, appeared in court in Seattle to plead guilty.
The deal, which includes the Treasury Department and the Commodity Futures Trading Commission, ends a years-long investigation into the cryptocurrency exchange.