Changpeng Zhao, Founder and CEO of Binance, one of the world’s most popular cryptocurrency exchanges, accepted the US charges of money laundering. As a result, he will have to pay a fine of 4.3 billion dollars (123 billion TL). He also resigns from his position as CEO of the company he founded.
Binance CEO CZ admits to money laundering
According to information from the USA, Binance accepted the $ 4.3 billion charges presented by the US Department of Justice. As part of the agreement, Binance founder and CEO Changpeng “CZ” Zhao will plead guilty to money laundering charges and resign from his leadership position.
According to the lawsuit filed by the Department of Justice, Binance has operated an unregulated exchange since 2018 and allowed money laundering through cryptocurrency transactions. Earlier this year, the US Securities and Exchange Commission (SEC) accused Binance and Zhao of operating without registration.
It breaks a record: Bitcoin price reached 1 million TL!
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The $4.3 billion settlement would be the largest sanction ever imposed by US authorities against a cryptocurrency firm. Under the terms of the agreement, CEO Zhao is expected to plead guilty in federal court on Tuesday.
News is being updated…