Binance CEO Changpeng ‘CZ’ Zhao will step down in a dramatic fall for one of crypto’s most visible leaders

The founder will plead guilty to violating anti-money laundering requirements enforced by the U.S. Department of Justice.

Changpeng Zhao (also known simply as “CZ”), the founder and CEO of cryptocurrency exchange Binance, has agreed to step down from his position and will plead guilty to violating anti-money laundering requirements enforced by the U.S. Department of Justice, according to numerous media reports.

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