binance chief

Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange, prosecutors said on Tuesday.The deal, which will see Zhao personally pay $50 million, was described by prosecutors as one of the largest corporate penalties in U.S. history. It is another blow to the crypto industry that has been beset by investigations and comes on the heels of the recent fraud conviction of…

WazirX, linked to the world's largest digital currency exchange, Binance, said that its bank accounts were unfrozen by India's financial crime-fighting agency after more than a month. The federal Enforcement Directorate (ED) had launched its investigation last year into the company for suspected violations of foreign exchange regulations and froze its assets worth 646.70 million rupees ($8.16 million). WazirX said it is now in a position to continue its banking operations as usual.Read Also "After an in-depth internal…