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Zenger
Zenger
Renato Capelj

SHOCKING: Binance ceo steps down amid aml breaches investor eyes compliant alternatives - What They Never Told You

Binance Kevin OLeary Changpeng Zhao M2 Bitcoin Commodity Futures Trading Commission Departments Justice KANCHANARA FTX
As part of a settlement with the Justice and Treasury Departments and the Commodity Futures Trading Commission, Zhao will step down as CEO, contributing $50 million to the resolution in addition to Binance's $4.3 billion payment. PHOTO BY KANCHANARA/UNSPLASH

This week, Binance and its CEO, Changpeng Zhao, acknowledged breaches of anti-money laundering and U.S. sanctions laws.

As part of a settlement with the Justice and Treasury Departments and the Commodity Futures Trading Commission, Zhao will step down as CEO, contributing $50 million to the resolution in addition to Binance’s $4.3 billion payment.

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