This post was originally published on this site
Binance cofounder Chaopeng Zhao, one of the most prominent figures in crypto, will plead guilty to criminal charges related to violating U.S. anti-money-laundering requirements, and agree to step down as head of the company, as part of a broad settlement with the U.S. Department of Justice, according to reports.
The plea deal with federal prosecutors, which would be accompanied with a $4.3 billion fine on Binance itself, would allow a path for the crypto exchange to continue without its charismatic founder running operations,…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Already a subscriber?
Log In
