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  • Binance CEO Pleads Guilty to Money Laundering Violations, Will Step Down

    Binance CEO Pleads Guilty to Money Laundering Violations, Will Step Down

    Binance founder Changpeng Zhao (CZ) will step down from his CEO duties and plead guilty to criminal charges, paying a $US50 million fine, according to court documents made public Tuesday. The Department of Justice is expected to announce a $US4 billion settlement with Binance this afternoon, putting an end to a fierce legal battle between…