Binance CEO Changpeng Zhao Steps Down, Pleads Guilty to Settle US Illicit Finance Probe

Binance CEO Changpeng Zhao Steps Down, Pleads Guilty to Settle US Illicit Finance Probe

Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world’s largest crypto exchange, prosecutors said on Tuesday. The deal, which will see Zhao personally pay $50 million, was described by prosecutors…