Changpeng Zhao, better known to the cryptocurrency industry as "CZ," is stepping down as the CEO of Binance, the largest crypto exchange in the world. Along with leaving Binance, CZ will also plead guilty to federal money laundering charges. The information was made public on Tuesday via court documents first reported on by the Wall Street Journal.

Zhao will also step down as part of a settlement over charges for anti-money-laundering and other violations, including allowing transactions with Hamas.

Changpeng Zhao, also known as CZ, will step down and plead guilty to violating money-laundering requirements as part of a DOJ settlement. The company will also pay $4.3 billion in fines.

A federal judge temporarily blocked Changpeng Zhao, the founder of crypto exchange Binance, from leaving the U.S. A judge still needs to decide whether Zhao will be required to remain in the country t

Former Binance chief Changpeng Zhao cannot leave the United States for the time being, a federal judge said on Monday, after the founder of the world's largest cryptocurrency exchange pleaded guilty to violating U.

Binance founder and former CEO Changpeng 'CZ" Zhao is stepping down as chairman of the global exchange's U.S. affiliate's board. Binance.US announced in a tweet Tuesday that while it is not a part of last week's massive multibillion-dollar settlement between Binance and various U.

Former Binance chief Changpeng Zhao has been ordered not to leave the US for the time being, after the founder of the world's largest cryptocurrency exchange pleaded guilty.