It feels like Earth-shattering developments upending the entire crypto industry are becoming a November tradition! Last year, it was FTX’s collapse. This year, it’s Binance paying billions.
The world’s largest crypto exchange, will pay US$4.3 billion
after pleading guilty to charges of money laundering, unlicensed money transmitting, and sanctions violations. As part of the deal, founder Changpeng “CZ” Zhao will step down