![]() The settlement comes after FTX founder Sam Bankman-Fried was found guilty of several criminal counts of fraud and conspiracy on Nov. The Department of Justice is also recommending that the court impose a $50 million fine on Zhao. Zhao personally pleaded guilty to violating and causing a financial institution to violate the Bank Secrecy Act, according to the plea agreement. The exchange has agreed to $4.3 billion in fines and forfeiture. The case against Binance, which was disclosed Tuesday, shows that three criminal charges were brought against the exchange, including conducting an unlicensed money-transmitting business, violating the International Emergency Economic Powers Act, and conspiracy. "If for nothing else, I can at least tell them what not to do." "Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately," he said. "I am content being an one-shot (lucky) entrepreneur." ![]() "I can't see myself being a CEO driving a startup again," Zhao said. The remarks are the first public comments Zhao made after he agreed to a plea deal with the U.S. agencies did not allege Binance had misappropriated user funds or engaged in market manipulation. Bank Secrecy Act and sanctions, added that he was "proud to point out" U.S. In a post on X, Zhao said he "must take responsibility" and that it was "not easy to let go emotionally." The controversial crypto entrepreneur, who was accused of violating the U.S. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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