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Ex-Binance CEO Steps Down as US Chair After Pleading Guilty to Money-Laundering Charges

The latest cryptocurrency wizard to fall from the top spot at an exchange is Zhao Changpeng, whose global ambitions have gone down in flames.
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Ex-Binance CEO Steps Down as US Chair After Pleading Guilty to Money-Laundering Charges
Changpeng Zhao, founder and CEO of Binance, speaks during an event in Athens, Greece, on Nov. 25, 2022. Reuters/Costas Baltas/File Photo
Michael Washburn
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News Analysis

The controversial former head of the global cryptocurrency exchange Binance, Zhao Changpeng, has now officially resigned as head of the firm’s stateside arm, Binance.US.

Michael Washburn
Michael Washburn
Reporter
Michael Washburn is a New York-based reporter who covers U.S. and China-related topics for The Epoch Times. He has a background in legal and financial journalism, and also writes about arts and culture. Additionally, he is the host of the weekly podcast Reading the Globe. His books include “The Uprooted and Other Stories,” “When We're Grownups,” and “Stranger, Stranger.”
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