https://techmonitor.ai/policy/digital-economy/binance-chief-resigns > The CEO of Binance, the world’s largest crypto exchange, has pleaded guilty to money laundering charges and resigned. Changpeng ‘CZ’ Zhao, who founded the crypto trading platform in 2017, was also barred from further involvement in Binance’s operations and fined $50m by US prosecutors ahead of a sentencing hearing in February.  > Binance itself has also pledged to pay a fine of $1.81bn and an additional $2.51bn to resolve other charges relating to wire fraud, money laundering and sanctions violations. The firm’s global head of regional markets, Richard Teng, has been appointed as its new chief executive.