Zhao, the CEO and co-founder of Binance, the world’s largest cryptocurrency exchange, pleaded guilty to charges of money laundering and tax evasion by US prosecutors and will resign. writes about this Forbes With reference to sources.
The financial conflict between US authorities and the company will be resolved with the participation of the US Department of Justice and the Commodity Futures Trading Commission. The USA demands that Binance pay $4 billion to its budget.
As part of the agreement to resolve the fraud uncovered, Zhao will reportedly plead guilty and enter a plea in federal court in Seattle on the afternoon of November 28.
The US Department of Justice’s investigation into Binance began no earlier than 2018.
Before this scammers was attacked Binance users in the Russian Federation after the ban on foreign exchange trading.
Previous Analyst named The consequences of the departure of the Binance crypto exchange from Russia.