BINANCE CEO 'CZ' STEPS DOWN, PLEADS GUILTY TO U.S. MONEY LAUNDERING VIOLATIONS

Summary from the TLDR Crypto newsletter

Binance CEO Changpeng Zhao has agreed to step down and plead guilty to criminal and civil charges against him and Binance as part of a $4.3 billion settlement, the biggest in US Treasury history. The charges were focused on money laundering and lack of proper compliance. Binance appointed Richard Teng as its new CEO.