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November 27, 2023

Binance CEO Pleads Guilty to Money Laundering Charges, Pays $4.3B Fine

Thando Dlamini
Written byThando DlaminiWriter
Researched byNikos PapadopoulosResearcher

On Tuesday, Zhao pleaded guilty for breaking anti-money laundering laws in the U.S. and stepped down as Binance's CEO. The exchange, meanwhile, pleading guilty to multiple criminal and civil charges, while agreeing to pay $4.3 billion in penalties, among the largest corporate fines in the history of the U.S. Department of Justice.

Binance CEO Pleads Guilty to Money Laundering Charges, Pays $4.3B Fine
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Thando Dlamini
Thando Dlamini
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Thando Dlamini, a vivacious 22-year-old from South Africa, seamlessly blends her love for the vibrant world of online casinos with her meticulous localization skills, making the digital gaming experience truly South African.

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