Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries World's largest cryptocurrency exchange Binance to pay $4B, founder to plead guilty to breaking US law By: FOX Business November 21, 2023 at 13:56 PM EST Binance CEO Changpeng Zhao will plead guilty to multiple criminal charges and the cryptocurrency exchange will pay more than $4 billion in a plea deal with the U.S. government. Binance, the world's largest cryptocurrency exchange, will pay more than $4 billion in a plea agreement with the U.S. government, FOX Business has confirmed. Binance faces multiple criminal charges including conducting an unlicensed money transmitting business, a conspiracy charge and violating the international emergency economic powers act, court records show.Prosecutors said CEO Changpeng Zhao will plead guilty to violating and causing a financial institution to violate the Bank Secrecy Act and has agreed to pay a $50 million fine, which will be credited against sums paid to the Commodity Futures Trading Commission.This is a developing story and will be updated. Fox Business' Susan Li contributed to this report. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
World's largest cryptocurrency exchange Binance to pay $4B, founder to plead guilty to breaking US law By: FOX Business November 21, 2023 at 13:56 PM EST Binance CEO Changpeng Zhao will plead guilty to multiple criminal charges and the cryptocurrency exchange will pay more than $4 billion in a plea deal with the U.S. government. Binance, the world's largest cryptocurrency exchange, will pay more than $4 billion in a plea agreement with the U.S. government, FOX Business has confirmed. Binance faces multiple criminal charges including conducting an unlicensed money transmitting business, a conspiracy charge and violating the international emergency economic powers act, court records show.Prosecutors said CEO Changpeng Zhao will plead guilty to violating and causing a financial institution to violate the Bank Secrecy Act and has agreed to pay a $50 million fine, which will be credited against sums paid to the Commodity Futures Trading Commission.This is a developing story and will be updated. Fox Business' Susan Li contributed to this report.