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Binance’s top executive to step down from position


Nov 22, 2023

The Wall Street Journal has reported that CEO Changpeng Zhao of Binance, the leading international crypto platform, would be resigning and pleading guilty to violations of US anti-money laundering regulations. This deal would allow the company to continue operating. He is to appear in federal court in Seattle and enter his guilty plea there. His company, Binance, would also plead guilty to a criminal complaint and agree to a billion-dollar fine totaling 4.3 billion euros. With this deal, the long investigation into Binance, founded by Changpeng Zhao in 2017, would come to an end. The CEO will retain a majority stake in the company, but without an executive role in management.

At the end of August, it was announced that Binance would remain active in Belgium through a Polish license. This was after a financial regulator had ordered Binance at the end of June to discontinue its crypto services in Belgium and to transfer all funds back to its customers due to operating illegally.

In addition to the news about Binance, the article contains links to reviews of both SnappyRanker AI and Ai PuzzleMaker. However, it does not provide details of what is contained in these reviews.

By Editor

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