Binance the Company’s Founder and CEO Enters a Guilty Plea and Resigns. Changpeng Zhao, Who Is He?

To end the dispute, Binance founder-CEO Changpeng Zhao agreed to a $4.3 billion settlement arrangement in a Seattle court on November 21, including a personal contribution of $50 million.

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Binance founder and CEO Changpeng Zhao departs federal court in Seattle on November 21, 2023

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They also stated that this is one of the highest corporate penalties in US history.

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Binance will pay $1.81 billion over 15 months, followed by a $2.51 billion forfeiture as part of the arrangement, according to prosecutors.

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Zhao, a Canadian citizen, was born in China’s Jiangsu province.

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Young Zhao was exposed to technology and pursued a degree in computer science.

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