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November 27, 2023
Binance CEO Pleads Guilty to Money Laundering Charges, Pays $4.3B Fine
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.
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