Changpeng Zhao, brawling titan of Binance, meets a sudden defeat

Changpeng Zhao, the former CEO of Binance, pleaded guilty to criminal charges for anti-money laundering and US sanctions violations, including allowing transactions with terrorist groups, in a Seattle courtroom. Binance itself agreed to plead guilty and pay over $4 billion in penalties. Zhao’s capitulation comes as international regulators have been cracking down on Binance and the broader cryptocurrency industry. This marks the second time in less than a year that a prominent figure in the crypto world has faced legal troubles.

Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News