Binance CEO Pleads Guilty To Violating US Anti-Money Laundering Laws

2023 • 13min • News • Business


Published On: November 22, 2023 - Changpeng Zhao, founder and former CEO of world's largest cryptocurrency exchange, Binance, steps down after pleading guilty to violating U.S. anti-money laundering laws. Zhao reached a $4.3 billion settlement deal in a Seattle court. Zhao is not allowed to take on a management position for the next three years. In his place, Richard Teng, Binance's global head of regional markets, will take over as CEO. Join News9's Shweta Kothari, Kartik Malhotra, and Barnik Chitran, Managing Partner of Arthur D Little, India and South Asia, for more on this story.