Other folks have mentioned this.
But I want to point both the Company and CZ the company have pleaded guilty to criminal charges.
Changpeng Zhao will pay a $50 million fine and has resigned as CEO. The DOJ is also seeking an 18 month sentence.
Binance the company also pleaded guilty.
Binance itself also pleaded guilty and agreed to pay $4.3 billion in fines and restitution. according to federal authorities. Binance also reached settlements with two of the three US Agencies that were investigating, then, the Treasury Department and the Commodity Futures Trading Commission, but the SEC not part of this deal.
Other folks have mentioned this.
But I want to point both the Company and CZ the company have pleaded guilty to criminal charges.
Changpeng Zhao will pay a $50 million fine and has resigned as CEO. The DOJ is also seeking an 18 month sentence.
Binance the company also pleaded guilty.
Binance itself also pleaded guilty and agreed to pay $4.3 billion in fines and restitution. according to federal authorities. Binance also reached settlements with two of the three US Agencies that were investigating, then, the Treasury Department and the Commodity Futures Trading Commission, but the SEC not part of this deal.