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Washington Examiner
21 Nov 2023
Zachary Halaschak, Economics Reporter

Binance founder and CEO Changpeng Zhao will reportedly resign from the firm and plead guilty to violating criminal law as part of a deal with the United States government.
Zhao’s resignation deal includes him pleading guilty to violating U.S. anti-money-laundering law, the Wall Street Journal reported on Tuesday. Binance, the world’s largest cryptocurrency exchange, has also reportedly agreed to pay more than $4 billion in fines to settle civil accusations from federal regulators.
This story is breaking and will be updated.