Binance chief pleads guilty to US crimes On November 1, 2023, Binance founder and billionaire, Changpeng Zhao, pleaded guilty to federal charges in a landmark effort to bring regulation to the chaotic crypto market. Binance has agreed to pay nearly $4 billion in fines and other penalties as part of a coordinated settlement across the federal authorities. As one of the crypto industry's most influential leaders, Zhao has agreed to pay $200 million in fines and resign as CEO of the exchange he co-founded. The company has admitted to breaking anti-money laundering, money-transmitting, and sanctions laws. The news came as a shock to Bitcoin casino games enthusiasts as Binance is among the top cryptocurrency exchanges used in popular casino sites such as Gamdom.
