Binance CEO CZ to Resign and Pay $4.3 Billion Fine Amid Anti-Money Laundering Probe πŸ’Ό

Binance's CEO CZ plans to step down and admit guilt in a major anti-money laundering investigation, agreeing to pay $4.3 billion in fines. He will retain majority ownership as the exchange faces criminal and civil charges.

Binance CEO CZ to Resign and Pay $4.3 Billion Fine Amid Anti-Money Laundering Probe πŸ’Ό
Benzinga
1.8K views β€’ Nov 21, 2023
Binance CEO CZ to Resign and Pay $4.3 Billion Fine Amid Anti-Money Laundering Probe πŸ’Ό

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Binance to admit criminal wrongdoing and agree to pay $4.3 billion in fines for criminal and civil allegations, report says.<br /><br />Zhao to retain majority ownership of Binance but would step down from any executive role following the deal.

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Nov 21, 2023

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