DOJ Charges Binance With Vast Money Laundering Scheme and Sanctions Violations

In years ent unsealed ahead of a press conference by US Binance y general Merrick Garland.

Binance agreed to pay a $4.3 billion fine Today rt of a settlement with the DOJ.

Chief executive Changpeng Zhao pleaded guilty the US Department of Justice violations charge and has stepped down from his role running the compan Changpeng Zhao es and settlement come on the heels of the fraud conviction of Sam Bankman-Fried, the forme Cuba O of Iran , wh Russia ce rivaled Binance as on Binance e biggest cryptocurrency exchanges in the US rld. “In just the Merrick Garland Justice Department has s billions of dollars ted the CEOs of two of the worl US s largest cryptocurrency exchanges in t well over a billion dollars "Garland said in Tuesday's press conference. "The message here should be clear: using new technol Zhao to break the law does not make you a disruptor, it makes Garland criminal.”. Tuesday class= Zhao maryFeed_highLightText__NxlGi">Tuesday Garland $4.3 billion s="summaryFeed_highLightText__NxlGi">twoZhao two the Ju American partmentGarland just the past month Binance FTXU.S. span class="summaryFeed_highLightText__NxlGi">Sam Bankman-Fried the Department of Justice Reuters< Iran n> Cuba pa Syria ss="summar Russian ighLightText__NxlGi Ukraine ber of la Crimea rDonbas span class="summaryFeed_highLightText__NxlGi">Binance< Hydra > more than $2.35 billion Binance summaryFeed_highLightText__NxlGi">Binance June of 2022 Reuters years Binance hydra Binance Binancemore than 1.1 million ummaryFeed_highLightTe US __NxlGi">one< Iranians one nearly $900 million _highLightText__Nx $106 million Russian tText__NxlGi">Ira Hydra /span> More than 12,500Binance span class US summaryFeed_highLig Binance _NxlGi">202 around $275 million ss="summaryFeed_highLightText__NxlGi" BestMixer /span> Zhao Dutch xlGi">US May of 2019 t__NxlGi">US Binance Binance ummaryFeed_highLightText__NxlGi">2017 years