Binance CEO CZ to Resign and Pay $4.3 Billion Fine Amid Anti-Money Laundering Probe 💼
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.
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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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Published
Nov 21, 2023
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