Binance founder Changpeng Zhao agrees to step down, plead guilty

Changpeng Zhao. (Image: Getty)

Wed, 22 Nov 2023

By Dave Michaels, Patricia Kowsmann and Vivian SalamaThe chief executive of Binance, the largest global cryptocurrency exchange, plans to step down and plead guilty to violating criminal US anti-money-laundering requirements in a deal that may preserve the company’s ability to continue operating, according to people familiar with the matter.Changpeng Zhao is scheduled to appear in Seattle federal court Tuesday afternoon and enter his plea, according to court records unsealed Tuesday. Prosecutors also unsealed a document charging Bina...

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