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Zhao resigns as CEO of Binance and agrees to pay 4.3 billion for money laundering

Date: February 25, 2024 Time: 18:31:32

The CEO of Binance, the largest cryptocurrency platform in the world, Chanpeng Zhao, will resign this Tuesday as part of the US authorities against money laundering for which he also agrees to pay a series of fines totaling 4.3 billion dollars. .

According to The Wall Street Journal, which cites sources “knowledgeable about the case,” Chanpeng Zhao will appear this afternoon before a federal court in Seattle (Washington) and will plead guilty to several crimes as part of that agreement that allows the company to continue operating in the market.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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