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Financial Crime: DOJ expected to announce settlement with Binance to end criminal probe: reports

Binance cofounder Chaopeng Zhao, one of the most prominent figures in crypto, will plead guilty to criminal charges related to violating U.S. anti-money-laundering requirements, and agree to step down as head of the company, as part of a broad settlement with the U.S. Department of Justice, according to reports.

The plea deal with federal prosecutors, which would be accompanied with a $4.3 billion fine on Binance itself, would allow a path for the crypto exchange to continue without its charismatic founder running operations,…

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