Technology@lemmy.worldEnglish • 1 year ago

Binance CEO Changpeng Zhao Reportedly Quits and Pleads Guilty to Breaking US Law

cross-posted to:
technology@lemmit.online

246

Binance CEO Changpeng Zhao Reportedly Quits and Pleads Guilty to Breaking US Law

Technology@lemmy.worldEnglish • 1 year ago

cross-posted to:
technology@lemmit.online

Changpeng Zhao, also known as CZ, will reportedly step down and plead guilty to violating money laundering requirements as part of a DOJ settlement. The company will also pay $4.3bn in fines.

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magic_lobster_party
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13•1 year ago
$4 billion in fines? Let’s see how liquid Binance really is.
- Lung
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  English
  9•1 year ago
  “friends with the UAE” level liquid, apparently
  - magic_lobster_party
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    3•1 year ago
    I hate you might be right.

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