Binance skirted regulation to become the world’s largest cryptocurrency exchange by trading volume.
Now, the company will plead guilty to violating anti-money-laundering requirements in the U.S. and agree to pay $4.3 billion in fines.
Photo: Benoit Tessier/ReutersThe king of crypto’s largest outlaw empire told employees for years that he would never turn himself in.
But on Tuesday, a jittery Changpeng Zhao showed up in a Seattle federal court to plead guilty to violating U.S. money-laundering rules.
So this is new to me,” Zhao told a judge.
Persons:
Benoit Tessier, Zhao, “ I’ve, I’ve, ” Zhao
Locations:
U.S, Seattle