The withdrawal is a dramatic retreat for the world’s fifth-largest crypto exchange, which had hoped to win customers in Hong Kong after exiting the mainland market.
A US judge on Friday (Feb 23) accepted Binance's guilty plea and more than US$4.3 billion penalty for violating federal anti-money laundering and sanctions laws through lapses in internal controls at the world's largest cryptocurrency exchange. US District Judge Richard Jones in Seattle approved the plea,
SINGAPORE: This has been a year of reckoning for the movers and shakers in the cryptocurrency sector, from fugitive Do Kwon to disgraced FTX founder Sam Bankman-Fried and, more recently, Binance’s former chief Zhao Changpeng.