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November 27, 2023

Binance CEO Pleads Guilty to Money Laundering Charges, Pays $4.3B Fine

Priya Sharma
Written byPriya SharmaWriter
Researched byNikos PapadopoulosResearcher

On Tuesday, Zhao pleaded guilty for breaking anti-money laundering laws in the U.S. and stepped down as Binance's CEO. The exchange, meanwhile, pleading guilty to multiple criminal and civil charges, while agreeing to pay $4.3 billion in penalties, among the largest corporate fines in the history of the U.S. Department of Justice.

Binance CEO Pleads Guilty to Money Laundering Charges, Pays $4.3B Fine
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Priya Sharma
Priya Sharma
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Mumbai-born Priya is India's rising star in the realm of online casino guides. With a knack for fusing traditional Indian gaming narratives with cutting-edge digital dynamics, she's an essential bridge between classic and contemporary gaming for a vast Indian audience.

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