Binance’s second act starts now.
The largest global crypto exchange and its chief executive and co-founder, Changpeng Zhao, pleaded guilty last week to ignoring anti-money-laundering rules while serving U.S. customers. Binance agreed to pay over $4 billion in fines and consented to have a government-approved monitor oversee the firm’s activities. Zhao, who could face jail time, stepped down as CEO.
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