Binance CEO Changpeng Zhao leaves the US District Court on November 21, 2023 in Seattle, Washington. Zhao pleaded guilty to a money-laundering charge. Binance CEO CZ quits and Richard Teng to take over; crypto exchange to pay US$4 billion for money laundering. Singaporean Samuel Lim, Binance’s former chief compliance officer, agrees to pay US$1.5m for violating commodity laws.Binance became the world’s largest cryptocurrency exchange in part because of the crimes it committed - now it is paying one of the largest corporate penalties in US history,” Attorney General Merrick Garland said in a statement..

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#RichardTeng #cz_binance #usa #lawmaker

A South Korean legislator is being investigated for #cryptocurrency-related activities, which could result in disciplinary sanctions, and a meeting of the advisory panel of the nation's #parliamentary ethics committee has been scheduled for Monday. The primary thrust of the accusations against the first-term #lawmaker is his involvement in questionable cryptocurrency transactions.

In 2021, it was discovered that Kim Nam-kuk owned about 800,000 #Wemix coins, which were worth about 6 billion won ($4.5 million).