<span class="ArticlePage-articleBody-firstLetter">B</span>inance founder and CEO Changpeng Zhao will reportedly resign from the firm and plead guilty to violating <a class="Link" href="https://www.washingtonexaminer.com/tag/crime" target="_blank">criminal</a> 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 <i>Wall Street Journal</i> <a class="Link" href="https://www.wsj.com/finance/currencies/binance-ceo-changpeng-zhao-step-down-plead-guilty-01f72a40" target="_blank">reported</a> on Tuesday. Binance, the world’s largest <a class="Link" href="https://www.washingtonexaminer.com/tag/cryptocurrency" target="_blank">cryptocurrency</a> exchange, has also reportedly agreed to pay more than $4 billion in fines to settle civil accusations from federal regulators.


<i>This story is breaking and will be updated.</i>

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.{ai:summary}<p>Binance CEO resigns and pleads guilty to violating U.S. anti-money-laundering law. Binance to pay over $4 billion in fines. #crime</p>

Crypto giant Binance founder to plead guilty to violating money-laundering law: Report

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