Changpeng Zhao, widely known as CZ, will step down from Binance, the crypto company he founded in 2017, as part of a deal with the Department of Justice and U.S. regulators.

Changpeng Zhao agreed to plead guilty to money laundering charges and step down from Binance as part of a sweeping settlement with the Department of Justice and top regulators.

(Image credit: Patricia De Melo Moreira/AFP via Getty Images)

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