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Binance Founder Pleads Guilty to Money Laundering, Company to Pay $4.3 Billion in Fines

Binance CEO Changpeng Zhao

In a shocking turn of events, Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, has pleaded guilty to money laundering violations, dealing a significant blow to the global crypto industry. Binance itself also entered a guilty plea, agreeing to pay a staggering $4.3 billion in fines and restitution to the government. The …

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