Binance to pay billions in US in money laundering case, CEO resigns

Washington (AFP) - Binance chief executive Changpeng Zhao pleaded guilty Tuesday to US money laundering charges, in a deal that will see the cryptocurrency exchange he founded pay over $4 billion in penalties. "Binance became the world's largest cryptocurrency exchange in part because of the crimes it committed –- now it is paying one of the largest corporate penalties in US history," Attorney General Merrick Garland said in a statement. Binance's guilty plea is part of coordinated action including with the Treasury Department's Financial Crimes Enforcement Network and Office of Foreign Assets...