![Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations](https://static01.nyt.com/images/2023/11/22/multimedia/00JPbinance-charges-hfo-print-vzfk/00binance-charges-hfo--vzfk-mediumSquareAt3X-v2.jpg)
Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
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