World's Largest Bitcoin, Crypto Exchange Binance Founder CZ To Resign As CEO, Plead Guilty

World's Largest Bitcoin, Crypto Exchange Binance Founder CZ To Resign As CEO, Plead Guilty
фото показано с : bitcoinmagazine.com

2023-11-21 21:07

The CEO of Binance, Changpeng Zhao, commonly known as CZ, is set to step down from his role from the company as he plead guilty to money laundering violations, according to the Wall Street Journal. Binance, as a company, will also plead guilty and pay $4.3 billion fine.

This news arrives in the wake of the conclusion of a criminal investigation around the cryptocurrency exchange. The investigation centered on alleged regulatory breaches and illicit activities within Binance. And now, the finale of this probe seems to have prompted a leadership transition.

The investigation's official outcome is happening today, as earlier this morning Bloomberg reported that the U.S. Department of Justice (DOJ) is announcing Binances' settlement later in the afternoon. This came right after the DOJ announced major cryptocurrency enforcement actions will be taken today as well.

CZ has been a massive figure in the cryptocurrency world, steering Binance's meteoric rise to become the world's largest Bitcoin and crypto exchange platform by trading volume. His departure from the helm of Binance could mark a significant shift in the industry.

Amidst this wave of news, Binance has not yet officially confirmed CZ's departure plans, and CZ himself has so far refrained from commenting publicly on the matter. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 242.21 (-100%)

plead guilty binance company pay fine billion

plead guilty → Результатов: 81


Фото:

US Resident Operated Illegal Bitcoin Exchange Business – Faces 25 Years in Jail

An Ontario man based in San Bernardino County of the U.S. has agreed to plead guilty to federal charges of illegally operating a bitcoin to cash exchange business. According to the U.S. Department of Justice (DOJ), the man, Hugo Sergio Mejia, 49, operated the unregistered exchange business between May 2018 and September 2020. Accordingly, Mejia […]

2021-2-2 12:20


Lobbyist, Filmmaker, Cryptocurrency Scammer: Who Is Jack Abramoff?

Former Washington lobbyist Jack Abramoff has agreed to plead guilty in a case involving a cryptocurrency scam. How did this former filmmaker turned lobbyist end up involved in a cryptocurrency scam? And who exactly is Jack Abramoff? Former Lobbyist and Hollywood Filmmaker Involved in Cryptocurrency Scam Lobbyist Jack Abramoff has been hit with dual charges […]

2020-6-27 23:00


Фото:

Texan Dark Web Drug Dealers who Sold Steroids to Professional Athletes Plead Guilty

Two Texan men have pled guilty at the Manhattan Supreme Court to selling illegal steroids and other drugs on the dark web, reportedly netting $2. 8 million during their five-year-long operation.   Drug Dealers Plead Guilty Callaway Crain and Mark Sanchez, both 35, ran an illegal operation from 2013 to 2018 during which the duo sold steroidsRead MoreRead More.

2019-4-25 05:00


Man Pleads Guilty in New York for Selling Drugs, Laundering $2.8 Million in Bitcoin via Western Union

New York has seen the first conviction for cryptocurrency money laundering in a case that involves $2. 8 million dollars. On April 24, the Manhattan District Attorney’s Office announced that the defendants Callaway Crain and Mark Sanchez laundered the aforementioned amount of money using virtual currencies.

2019-4-24 20:01


Фото:

Men plead guilty in first NY conviction for money laundering involving Bitcoin

Two US men have pleaded guilty to running a steroid and controlled substance business that laundered millions of dollars in cryptocurrency and Western Union payments. Representing the first conviction for money laundering involving cryptocurrency by New York State prosecutors, the defendants sold their products, which they made, marketed, and shipped, on a website they controlled called ‘NextDayGear,’ as well as on the dark web.

2019-4-24 12:58


Фото:

22-year-old gets 2 years in jail for illegally selling hundreds of thousands in Bitcoin

A 22-year-old man in the US has been sentenced to two years in prison for selling hundreds of thousands of dollars in Bitcoin through an unlicensed money transmitting business. Jacob Burrell Campos, who had been in custody without bail since he was arrested in August last year, was also forced to forfeit $823,357 in illicit profits.

2019-4-9 13:04


Фото:

Cryptocurrency fraudster faces 5 years in prison for selling fake ICOs

A Brooklyn-based businessman turned cryptocurrency huckster faces up to five years in prison for orchestrating two monstrously phony initial coin offerings (ICOs) last year. Maksim Zaslavskiy, a former institutional developer and “businessman,” plead guilty to two counts of conspiracy to commit securities fraud before a New York district court yesterday, reports FinanceFeeds.

2018-11-16 14:18