Judge approves Binance £3.4bn guilty plea as US seeks to modify founder Zhao’s bond

Judge approves Binance £3.4bn guilty plea as US seeks to modify founder Zhao’s bond

City A.M.

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A US judge on Friday accepted Binance’s guilty plea and more than $4.3bn (£3.4bn) penalty for violating federal anti-money laundering and sanctions laws through lapses in internal controls at the world’s largest cryptocurrency exchange. US district judge Richard Jones in Seattle approved the plea, which includes a $1.8bn (£1.4bn) criminal fine and $2.5 (£2bn) billion [...]

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