Binance Sees Outflows With BNB, Altcoins Down After Plea Deal

11/22/2023 07:03
Binance Sees Outflows With BNB, Altcoins Down After Plea Deal

Binance’s native token BNB and a range of smaller cryptocurrencies declined with Changpeng Zhao stepping down from the largest digital-asset exchange under a sweeping deal worked out with the US Justice Department.

Binance’s native token BNB and a range of smaller cryptocurrencies declined with Changpeng Zhao stepping down from the largest digital-asset exchange under a sweeping deal worked out with the US Justice Department.

Binance also agreed to plead guilty to criminal charges and pay a $4.3 billion fine, according to people familiar with the matter. The settlement also includes the Treasury Department and the Commodity Futures Trading Commission. The deal ends a years-long investigation into the cryptocurrency exchange.

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