<-bsp-bb-link state="{"bbHref":"bbg://securities/1624796D%20CH%20Equity","_id":"0000018b-f2eb-de26-a7ef-feff52ec0000","_type":" 0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Binance Holdings Ltd.-bsp-bb-link> and its CEO <-bsp-person state="{"_id":"0000018b-f2eb-de26-a7ef -feff52ec0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Changpeng Zhao-bsp-person> agreed to plead guilty to criminal and civil charges as part of a deal with the Justice Department, according to the Wall Street Journal.
Zhao agreed to resign as CEO and pleaded guilty to violating anti-money laundering requirements as part of the settlement, which included the <-bsp-bb-link state="{"bbHref":"bbg://news/topics/ TRE","_id":"0000018b-f2eb-de26-a7ef-feff52ed0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Department of the Treasury-bsp-bb-link> and the <- bsp-bb-link state="{"bbHref":"bbg://news/topics/CFT","_id":"0000018b-f2eb-de26-a7ef-feff52ee0000","_type":"0000016b-944a- dc2b-ab6b-d57ba1cc0000"}">Commodity Futures Trading Commission-bsp-bb-link>, the WSJ said.
The charges are part of a negotiated settlement between the two parties that will allow Binance to continue operating while resolving allegations of criminal acts ranging from money laundering…
