Regulatory · November 21, 2023
Binance settles with DOJ for $4.3B; CZ steps down
Price at event
$36,500
Today
$73,594
Since then
×2.0
Largest corporate resolution in DOJ history involving a Chief Compliance Officer plea. CZ pleads guilty, steps down as CEO, sentenced to 4 months. Richard Teng takes over.
⸺ Sources ⸺
- newsCoinDesk: Binance to Pay $4.3B to Settle U.S. Criminal Case; CZ Resigns as CEO and Pleads Guilty in Seattle ↗
- newsTechCrunch: Binance and CEO 'CZ' plead guilty to federal charges, agree to pay $4.3B in fines ↗
- newsAxios: Binance CEO 'CZ' steps down, pleads guilty to U.S. money-laundering charges ↗