Binance CEO Changpeng Zhao (R) leaves a courtroom in Washington DC, US on November 21, 2023. Zhao pleaded guilty to a money-laundering charge. PHOTO | AFP
Binance boss Changpeng Zhao has become the most powerful cryptocurrency figure to fall in a two-year period chaotic even by the standards of the notoriously volatile industry.
Zhao stepped down as CEO of Binance -- the largest crypto exchange in the world -- after he and the company pleaded guilty on Tuesday to sweeping US money laundering violations and agreed to fines of more than $4 billion.
