Binance CEO pleads guilty to money laundering charges

The Binance chief executive, Changpeng Zhao, has resigned after pleading guilty to money laundering violations.

The Justice Department said it was requiring Binance, the largest crypto-exchange in the world, to pay $4.3bn (£3.4bn) in penalties and forfeitures. It said Binance had helped users bypass sanctions across the world.

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Source: BBC News