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Binance's U.S. Comeback Strategy Is More Ambitious Than Anyone Expected — and the Stakes Are Enormous
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Binance's U.S. Comeback Strategy Is More Ambitious Than Anyone Expected — and the Stakes Are Enormous
Changpeng Zhao entered a guilty plea to federal charges in a Seattle federal courthouse in November 2023, acknowledging that Binance had facilitated transactions for sanctioned entities and had neglected to maintain proper anti-money laundering measures. One of the biggest settlements in the history of financial crime, the business paid $4.3 billion in fines. CZ resigned as the worldwide platform’s CEO. Binance as well.The company’s US division …
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