The founder of Binance, the world’s largest cryptocurrency exchange, has admitted he failed to take steps to prevent money laundering as the company agreed to pay more than 4 billion dollars (£3.2 billion) after an investigation by the US government. Chief executive Changpeng Zhao pleaded guilty to one count of failure to maintain an effective […]
![Founder of Binance crypto exchange admits failing to prevent money laundering FILE - Binance CEO Changpeng Zhao answers a question during a Zoom meeting interview with The Associated Press on Nov. 16, 2021. Zhao the founder of Binance, the world’s largest cryptocurrency exchange, pleaded guilty Tuesday, Nov. 21, 2023, to a felony charge that he failed to take steps to prevent money laundering as the company agreed to pay more than $4 billion following an investigation by the U.S. government. (AP Photo/File)](https://technology.ie/wp-content/uploads/2023/11/featureimage-16-140x140.jpg)