Binance reaches record $4.3bn settlement as CEO steps down

The US Department of Justice (DOJ) announced late yesterday that Binance has agreed to pay a $4.3bn settlement fee over several money laundering, KYC failure and illegal money transmitting charges.  One of the largest settlement payments from a corporate defendant in US history, the development spells the end of Changpeng Zhao’s tenure as CEO, as it … Continue reading Binance reaches record $4.3bn settlement as CEO steps down