Crypto exchange Binance agrees $4.3bn fine, CEO to step down

Chief executive Changpeng Zhao will also pay a $50m fine as he pleads guilty in anti-money laundering case in US

Binance CEO Changpeng Zhao

Binance chief executive Changpeng Zhao has agreed to plead guilty to anti-money laundering charges and pay a $50 million fine under a deal worked out with the Justice Department that is designed to keep the company in operation.

Zhao agreed to step down as part of the settlement, which included the Treasury Department and the Commodity Futures Trading Commission.

Binance agreed to plead guilty to criminal charges and pay a $4.3 billion fine, according to ...