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.
Caroline Ellison, Key Figure in FTX Collapse, Sentenced
Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison for her role in the...
