In March this 12 months, U.S regulators sought to ban Binance, alleging it had been working within the nation illegally. By November, the change pleaded responsible to U.S prison costs of breaking sanctions and money-transmitting legal guidelines, agreeing to pay a $4.3 billion tremendous. Zhao himself pleaded responsible, agreeing to pay $50m and step down as CEO. Teng’s elevation left the crypto world in shock.
