Binance’s second act starts now. 

The largest global crypto exchange and its chief executive and co-founder, Changpeng Zhao, pleaded guilty last week to ignoring anti-money-laundering rules while serving U.S. customers. Binance agreed to pay over $4 billion in fines and consented to have a government-approved monitor manage the firm’s activities. Zhao, who could face jail time, stepped down as CEO.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Source link