According to CNBC, Changpeng Zhao and the cryptocurrency exchange have signed a corresponding agreement with the government. According to the agreement, Binance will pay a fine of $4.3 billion. At the same time, Zhao will personally have to pay $50 million.
According to the agreement, the exchange's founder will also be banned from having any connection to Binance for three years. The exchange will continue to operate, and Richard Ten will take the top position in it.
Earlier, the U.S. Department of Justice is investigating Binance in connection with possible violations of U.S. sanctions against Russia. It was also reported that Binance was being investigated in connection with suspected violations of anti-money laundering legislation.