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Binance chief Changpeng Zhao pleads guilty to money laundering charges - BBC New

The Binance chief executive, Changpeng Zhao, has resigned after pleading guilty to money laundering violations. He said in a post on X that he “made mistakes” and “takes responsibility” for the charges. The US Justice Department said it was requiring Binance, the largest crypto-exchange in the world, to pay $4.3bn (£3.4bn) in penalties and forfeitures, saying Binance had helped users bypass sanctions across the world. Subscribe here: http://bit.ly/1rbfUog For more news, analysis and features visit: www.bbc.com/news #Binance #Crypto #BBCNews