Bloomberg: Binance founder Zhao Changpeng has appeared in Seattle court

2023-11-22 03:11:36

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ChainCatcher news, according to Bloomberg terminal information, Binance founder Changpeng Zhao has appeared in a Seattle court.

Previously, ChainCatcher reported that U.S. regulators will impose a $4.3 billion fine on Binance, the world's largest cryptocurrency exchange, today. Founder Changpeng Zhao has agreed to resign and plead guilty, and will not be allowed to hold an executive position at Binance, although he will retain a majority stake in the company. Zhao will also personally appear in federal court in Seattle on Tuesday afternoon to present his defense.

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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?

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