US officials announce $4.3B settlement with Binance, plea deal with CZ By Cointelegraph
![US officials announce $4.3B settlement with Binance, plea deal with CZ](https://i-invdn-com.investing.com/news/Cryptocurrencies_800x533_L_1556444946.jpg)
Officials with the United States Department of Justice announced that Binance CEO Changpeng “CZ” Zhao will plead guilty to one felony charge as part of a settlement over criminal and civil cases with the exchange.
“In a Nov. 21 press conference, Attorney General Merrick Garland announced that CZ entered his plea in person in U.S. federal court despite residing outside the country. He added that a $4.3-billion settlement with Binance and CZ would cover “civil regulatory enforcement actions” by government departments including the U.S. Treasury and Commodity Futures Trading Commission (CFTC).