The Wall Street Journal: Zhao Changpeng agrees to resign and plead guilty

2023-11-22 01:49:13

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ChainCatcher news, The Wall Street Journal cites sources saying that regulators will impose a $4.3 billion fine on Binance, and Zhao Changpeng has agreed to resign and plead guilty to violations of anti-money laundering regulations. In addition, Zhao Changpeng will appear in federal court in Seattle tomorrow.

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Column Binance's $4.3 billion settlement case continues to be tracked.

The boots have finally dropped! Binance will pay up to $4.3 billion in fines to the U.S. Treasury, and Changpeng Zhao has announced his resignation as CEO of Binance... What will be the subsequent impact of this hefty settlement on Binance and the cryptocurrency industry? Will it open a new chapter for compliance regulation in the industry?