Largest Crypto Exchange Fined $4 Billion; CEO Pleads Guilty to Allowing Money Laundering
Voice of America
FILE — The Binance app icon is seen on a smartphone in Marple Township, Pa., Feb. 28, 2023.
The U.S. government dealt a massive blow to Binance, the world's largest cryptocurrency exchange, which agreed to pay a roughly $4 billion settlement Tuesday as its founder and CEO Changpeng Zhao pleaded guilty to a felony related to his failure to prevent money laundering on the platform.
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