According to the latest report, Binance Holdings Ltd. will pay one of the largest corporate penalties in United States history after a judge approved the company’s plea agreement. This comes months after the cryptocurrency exchange and its former CEO and founder Changpeng Zhao pleaded guilty to anti-money laundering infringements, bringing a close to a long-term investigation by the Department of Justice (DOJ) and other regulatory bodies.
Binance Accepts Full Responsibility For Its Past Actions: Defense Attorney
In a Seattle court hearing on Friday, February 23, US District Judge Richard Jones approved the plea agreement for the world’s largest cryptocurrency exchange. The deal entails Binance’s payment of a $4.3 billion penalty, the appointment of a new CEO, and the institution of a compliance system monitored by an independent firm for five years.
The prosecutors had urged the judge to authorize the plea agreement in a February 16 filing, saying that Binance expose
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