Binance Reaches $4.3 Billion Settlement with US DOJ, CEO CZ Steps Down

Key Takeaways

Binance and CEO Changpeng “CZ” Zhao has settled with US authorities for $4.3 billion, resolving criminal and civil cases.
Changpeng Zhao pleaded guilty to a felony charge and announced his resignation as CEO of Binance.
The settlement involves significant financial penalties and resolves most investigations into Binance while the SEC case is still pending.

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