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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)

Founder of Binance crypto exchange admits failing to prevent money laundering

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 […]

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