Binance, the world’s largest crypto exchange, was criminally charged with breaking sanctions and money-transmitting laws and agreed to pay $4.3 billion to settle case.
Founder Changpeng “CZ” Zhao pled guilty to charges he personally faced and agreed to pay a $50 million fine. CZ is resigning as CEO. Richard Teng, a former Abu Dhabi regulator and later Binance’s regional markets head, will take over as CEO.
Binance, the world’s largest crypto exchange, was criminally charged with breaking sanctions and money-transmitting laws and agreed to pay $4.3 billion to settle the allegations in “one of the largest penalties” the U.S. has ever obtained from a corporate defendant.
Founder Changpeng “CZ” Zhao pleaded guilty in Seattle to charges he personally faced and agreed to pay a $50 million fine, as well as step down from the CEO job. Richard Teng, a former Abu Dhabi regulator and later Binance’s regional markets head, will take over as CEO.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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Figures.
OT: why do you have the same video of you talking about batteries auto playing at the top of every article, below the intro? It even scrolls down the page as a pop out player, which is pretty annoying. Check your page template. Only see it on my ipad.
What did he do?
‘money laundering’ as defined by the Head Criminals In Charge, for sure. Aren’t these exchanges outside or extraneous the original concept of crypto and decentralization? I’m sorry for this guy, that he opened himself up to prosecution by allowing money to move to a listed ‘pariah state’ (AKA breaking sanctions and money-transmitting laws).
The states are still so powerful. Only a planetary disaster like a global famine, or level 15 solar storm can save us from continued consolidation under the globalist elite.