Binance crypto exchange's CEO pleads guilty to felony

Name: Binance crypto exchange's CEO pleads guilty to felony
Uploaded: 2023-11-21T23:23:24Z
Duration: 2 min 46 s
Description: 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.

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.

Posted November 21, 2023 5:23pm CST