Crypto giant Binance founder pleads guilty to violating money laundering law

Posted on AllSides November 22nd, 2023
From The Right
Vincent Isore/Zuma Press

Binance founder and CEO Changpeng Zhao will resign from the firm and has pleaded guilty to violating criminal law as part of a deal with the government of the United States.

Zhao’s resignation deal includes him pleading guilty to violating the Bank Secrecy Act, which deals with U.S. anti-money-laundering law. The 46-year-old Zhao, who doesn't live in the U.S., appeared in person on Tuesday in Seattle federal court, where he entered the guilty plea, Attorney General Merrick Garland said during a press conference announcing the action.

The Treasury Department announced...

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