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Friends, family, royalty seek mercy for crypto’s richest man Changpeng Zhao
Binance, the world's largest cryptocurrency exchange, admitted to violating US anti-money-laundering and sanctions regulations in the previous year. As a result, the company was fined $4.3 billion and agreed to be supervised by authorities. The company's CEO, known as "CZ," also acknowledged his role in the anti-money-laundering failures and resigned from his position.