At a press conference on November 21, the US Department of Justice announced that Binance had pleaded guilty to money laundering and breaching international sanctions imposed by the United States. The crypto platform is fined over $4 billion and its CEO and founder Changpeng Zhao

The world's largest crypto platform has agreed to pay a $4.3 billion fine to close the investigation by US authorities. Binance has also committed to using the services of an independent compliance monitor for three years and to improve its anti-money laundering and compliance programs with international sanctions imposed by the United States. The Department of Justice revealed that, aware of these shortcomings, the CEO of Binance CZ had told his employees that it was “better to ask for forgiveness than