Now-former Binance CEO Changpeng Zhao has pleaded guilty to money laundering charges, according to reports from The New York Times on Nov. 21.
Zhao reportedly entered his guilty plea in federal court in Seattle today and agreed to pay a $50 million fine as part of the plea deal. That fine is separate from Binance’s $4.3 billion investigation resolution with the Department of Justice (DOJ).
Prosecutors within the DOJ told the newspaper that they are seeking an 18-month prison sentence for…
