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Binance CEO Changpeng Zhao pleads guilty to federal charges, steps down

by Editor November 27, 2023, 8:48 am 1.7k Views

Binance's Changpeng Zhao to step down as part of $4.3 billion DOJ settlement: CNBC Crypto World

Binance chief Changpeng Zhao pleaded guilty Tuesday to criminal charges and stepped down as the company’s CEO as part of a $4.3 billion settlement with the Department of Justice, according to court documents. The plea arrangement with the government resolves a multiyear investigation into the world’s largest cryptocurrency exchange.

Zhao appeared before Judge Brian Tsuchida in a Seattle courtroom to enter his plea. Zhao and others were charged…

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