Binance slapped with $4B fine, accepts plea deal forcing CEO to resign

Binance CEO Changpeng Zhao leaves the US District Court on November 21, 2023 in Seattle.

Enlarge / Binance CEO Changpeng Zhao leaves the US District Court on November 21, 2023 in Seattle. (credit: David Ryder / Stringer | Getty Images North America)

Binance founder Changpeng Zhao has resigned as CEO of the world's largest cryptocurrency exchange after agreeing to plead guilty to money laundering violations, the US Department of Justice announced on Tuesday.