6:29 PM · 21 November 2023

BREAKING: Binance founder Changpeng Zhao agrees to step down - WSJ reported

Binance founder Changpeng Zhao agrees to step down and the company will also admit wrongdoing and agree to pay $4.3 billion in fines for violating criminal U.S. anti-money laundering requirements, in a deal that may preserve the company’s ability to continue operating - WSJ reported.

Binancecoin is not overreacting to the WSJ news. Earlier, the cryptocurrency recorded a lot of buying pressure, but this was later negated. At the moment, binancoin is gaining 1% intraday. Source: xStation

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