Binance CEO Changpeng Zhao Quits, Pleads Guilty, and Must Pay $200 Million in Fines

Binance CEO Changpeng Zhao pleads guilty to federal charges, steps down

The U.S. Department of Justice brought criminal charges against Binance and its billionaire founder and CEO, Changpeng Zhao.

Nov. 22, 2023 - cnbc.com - US Top News and Analysis

Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations

Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.

Nov. 22, 2023 - nytimes.com - NYT > Technology

Binance Founder Changpeng Zhao Agrees to Step Down, Plead Guilty

The largest global crypto exchange will admit wrongdoing and agree to pay $4.3 billion in fines.

Nov. 21, 2023 - online.wsj.com - WSJ.com: World News

Binance chief Changpeng Zhao pleads guilty to money laundering charges

Changpeng Zhao will also step down as chief executive of the world's largest crypto-exchange.

Nov. 21, 2023 - bbc.co.uk - BBC News - Home

Binance to pay $4.3 billion fine as CEO pleads guilty to federal charges

The world's largest cryptocurrency exchange platform admits it did not take appropriate steps to prevent money laundering on its site.

Nov. 21, 2023 - cbsnews.com - Politics - CBSNews.com

Largest crypto exchange Binance fined $4 billion, CEO pleads guilty to not stopping money laundering

The U.S. government has dealt a massive blow to Binance, the world’s largest cryptocurrency exchange

Nov. 21, 2023 - abcnews.go.com - ABC News: Technology - Crypto

FirstFT: Binance chief Changpeng Zhao steps down after US guilty plea

Also in today’s newsletter, Biden says Israel-Hamas hostage deal close and OpenAI directors in talks with Sam Altman on rejoining board

Nov. 21, 2023 - ft.com - World

Binance founder Chengpeng Zhao pleads guilty to money laundering charges: DOJ

Binance founder Chengpeng Zhao to plead guilty to money laundering charges, DOJ said Tuesday.

Nov. 22, 2023 - abcnews.go.com - ABC News: Top Stories

Changpeng Zhao speaks out after pleading guilty to criminal charges, names Richard Teng as new Binance CEO

After stepping down and pleading guilty to federal charges, former Binance CEO Changpeng Zhao has named a successor.

Nov. 22, 2023 - cnbc.com - US Top News and Analysis

Binance founder Changpeng Zhao ordered by judge to stay in U.S. ahead of prison sentencing

A federal judge on Monday ordered Binance ex-CEO Changpeng Zhao to remain in the U.S. at least temporarily after his guilty plea last week.

Nov. 28, 2023 - cnbc.com - US Top News and Analysis

Judge Temporarily Blocks Binance Founder Changpeng Zhao From Leaving U.S.

Nov. 27, 2023 - online.wsj.com - WSJ.com: World News

Binance users pull more than $1 billion from the exchange after CEO leaves, pleads guilty

Binance has seen outflows amounting to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis firm Nansen.

Nov. 23, 2023 - cnbc.com - US Top News and Analysis

Binance CEO pleads guilty to federal charges

The head of cryptocurrency exchange Binance pleaded guilty Tuesday to failing to maintain an effective anti-money laundering program. Federal authorities say the company committed a long list of crimes under Changpeng Zhao's leadership. CBS News ...

Nov. 21, 2023 - cbsnews.com - Home - CBSNews.com

Inside Binance's Guilty Plea and the Biggest Fine in Crypto History

The plea deal was a massive twist in the life of the industry’s most influential figurehead, Changpeng Zhao, who launched the online exchange in 2017 and developed it into a money-spinning trading machine.

Nov. 22, 2023 - online.wsj.com - WSJ.com: World News

Binance chief resigns as crypto exchange pays $4bn in fines

US authorities say world’s biggest cryptocurrency platform breached money laundering laws

Nov. 21, 2023 - ft.com - UK homepage - Crypto

Binance founder steps down, pleads guilty to anti-money laundering charge

Changpeng Zhao, the founder of cryptocurrency exchange Binance, stepped down from his chief executive role on Tuesday, after pleading guilty to failing to prevent money laundering on his company's platform. The entity that operates Binance, the ...

Nov. 21, 2023 - thehill.com - Just In News | The Hill

Crypto prices fall as Binance chief pleads guilty to DOJ charges

On Tuesday Binance's Changpeng Zhao pleaded guilty to federal charges and agreed to step down as CEO of the largest crypto exchange in the world.

Nov. 21, 2023 - cnbc.com - US Top News and Analysis - Crypto

Changpeng Zhao: another crypto king is dethroned by America’s courts

Weeks after the Bankman-Fried trial, the billionaire founder of the largest cryptocurrency exchange has been fined $50m and resigned. • Crypto giant Binance admits to money laundering. Changpeng Zhao, founder of the world’s largest cryptocurrency ...

Nov. 22, 2023 - theguardian.com - The Guardian - Crypto

Morgan Stanley Agrees to Pay $6.5 Million Fine in Agreement with AGs Over Compromised Customer Information

Morgan Stanley Smith Barney failed to decommission its computers and erase unencrypted data in certain computer devices, the attorney generals said.

Nov. 16, 2023 - online.wsj.com - WSJ.com: World News

Disgraced lawyer Alex Murdaugh pleads guilty to stealing millions from clients

Convicted South Carolina murderer says: ‘I agree that I wrongly took all of that money … I am guilty’. Alex Murdaugh has pleaded guilty to stealing millions of dollars from vulnerable legal clients in schemes lasting over a decade under an ...

Nov. 17, 2023 - theguardian.com - The Guardian

Airbnb acquires AI startup for just under $200 million

Airbnb has made its first acquisition as a public company, in a deal valued at just under $200 million, sources familiar with the deal told CNBC.

Nov. 14, 2023 - cnbc.com - US Top News and Analysis - Artificial Intelligence

Binance’s crypto dominance under threat after loss of founder Zhao

US compliance squeeze means new chief executive Richard Teng will be hard-pressed to keep exchange competitive

Nov. 23, 2023 - ft.com - UK homepage - Crypto

Founder of Binance, world’s largest crypto exchange, pleads guilty to U.S. charge as company agrees to pay $4 billion

Nov. 21, 2023 - abcnews.go.com - ABC News: Technology

Bausch + Lomb CEO Brent Saunders Pays $35.35 Million for Cher's Former Miami Beach Home

The house on La Gorce Island was listed three months ago for $42.5 million

Nov. 28, 2023 - online.wsj.com - WSJ.com: World News

The Stay-or-Pay Clause That Demands You Pay to Quit Your Job

Some U.S. businesses are forcing workers to sign contracts that demand steep “reimbursements” if they leave.

Nov. 20, 2023 - nytimes.com - NYT > Top Stories