Binance founder Changpeng Zhao slapped with $150 million fine as court approves $2.85 billion settlement for crypto exchange’s illegal activities. The company, alongside Zhao, faced charges of violating US commodities laws and failing to properly prevent money laundering through its digital asset trading platform. While Binance will contribute a hefty $2.7 billion penalty, this landmark settlement emphasizes the personal accountability of leaders in the rapidly evolving crypto landscape. Zhao’s hefty fine serves as a stark reminder of the importance of adhering to regulations and implementing robust compliance measures, even for high-profile figures in the industry.
CRO Takes Off As Crypto.com Beats SEC Scrutiny
The globally fourth largest cryptocurrency exchange Crypto.com has announced that the SEC has officially closed its investigation into the exchange...
