Binance agrees to pay $4.3 billion for money laundering violations, CEO steps down

Binance, the largest cryptocurrency exchange in the world, agreed to pay more than $4 billion in settlements with several U.S. law enforcement agencies after years of investigations uncovered widespread criminal use of the platform. In addition to the settlement, Binance CEO Changpeng Zhao pled guilty to several charges in federal court in Seattle on Tuesday.

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