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Al Jazeera
Al Jazeera
Business

UNCOVERED: Binance crypto exchange founder to step down amid us illicit finance probe - Caught on Camera

Binance Changpeng Zhao United States Crypto Merrick Garland DOJ
Binance CEO Changpeng Zhao has agreed to step down and plead guilty to violating anti-money laundering laws, court documents show [File: Darrin Zammit Lupi/Reuters]

Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, has stepped down as CEO and pleaded guilty to violating anti-money laundering laws.

The deal with the United States Department of Justice (DoJ) is part of a larger settlement that involves several federal agencies and will include fees of more than $4bn, the DoJ said on Tuesday.

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