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WSJ What’s News

Binance CEO Agrees to Step Down, Plead Guilty

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 21 November 2023

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for Nov. 21. Changpeng Zhao, the CEO of Binance, the world’s largest cryptocurrency exchange, has stepped down and pleaded guilty to violating U.S. anti-money-laundering requirements. According to court documents, Binance will also pay $4.3 billion dollars in fines. Plus, Israel and Hamas are on the cusp of a deal to free Israeli hostages taken on October 7. Middle East correspondent Jared Malsin has more. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:27.8

The CEO of crypto exchange Binance agrees to step down and plead guilty to violating U.S. anti-money laundering requirements.

0:42.0

And investors are pushing for Sam Altman's return to open AI.

0:46.0

Plus, Israel and Hamas are nearing a deal to free Israeli hostages.

0:50.4

It's a crossroads for the war and for the Israeli government and Hamas.

0:55.0

This has been one of the central dramas of the entire war, the fate of these 240

1:00.8

hostages that were taken by Palestinian militants at the beginning of the war during

1:06.2

the attack on October 7th.

1:08.0

It's Tuesday, November 21st.

1:09.9

I'm Anne Marie Fertoli for the Wall Street Journal.

1:12.5

This is the PM edition of What's News, the top headlines and business stories

1:16.2

that moved the world today. Shanghai

1:24.9

the CEO of Binance, the world's largest cryptocurrency exchange has stepped down and pleaded

1:30.3

guilty today to violating US anti money laundering requirements.

1:34.3

That's according to court documents.

1:35.9

Chau was scheduled to appear in Seattle federal court today.

1:38.6

The records show Binance will plead guilty and agree to pay fines totaling $.3 billion dollars, which includes amounts to settle

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