CZ, founder of crypto giant Binance, pleads guilty to money laundering violations

Changpeng Zhao, widely known as CZ, will step down from Binance, the crypto company he founded in 2017, as part of a deal with the Department of Justice and U.S. regulators.

Changpeng Zhao agreed to plead guilty to money laundering charges and step down from Binance as part of a sweeping settlement with the Department of Justice and top regulators.

(Image credit: Patricia De Melo Moreira/AFP via Getty Images)



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