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November 27, 2023
Binance CEO Pleads Guilty to Money Laundering Charges, Pays $4.3B Fine
Written byEthan LimWriter
Researched byNikos PapadopoulosResearcher
On Tuesday, Zhao pleaded guilty for breaking anti-money laundering laws in the U.S. and stepped down as Binance's CEO. The exchange, meanwhile, pleading guilty to multiple criminal and civil charges, while agreeing to pay $4.3 billion in penalties, among the largest corporate fines in the history of the U.S. Department of Justice.
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Ethan Lim
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Ethan Lim, a native of the Lion City, is Singapore’s rising star in the domain of online casino guide localization. He masterfully blends his intimate knowledge of local culture with international gaming standards to produce content that resonates deeply with Singaporeans.
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