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Liam Zhang

Former Binance CEO Changpeng Zhao Pleads Guilty to Bank Secrecy Act Violations in $4.3B Settlement

Changpeng Zhao, former CEO of Binance, pleaded guilty on November 21, 2023, to violating the U.S. Bank Secrecy Act, according to the Department of Justice. Binance agreed to pay $4.3 billion in penalties. The case marks the first criminal prosecution of a chief executive at a major cryptocurrency exchange.
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