Binance CEO, Changpeng Zhao is reportedly set to resign and admit guilt Tuesday to U.S. criminal charges related to anti-money laundering violations. What Happened: This move is part of an agreement potentially safeguarding the company's operational future, according to sources close to the situation, The Wall Street Journal reported. Zhao is expected to formally submit his guilty plea in a federal court in Seattle on Tuesday afternoon, the report said. Alongside Zhao's plea, Binance, which he owns, is also poised to acknowledge criminal misconduct. The company has agreed to a substantial financial penalty amounting to $4.3 billion. . . #binance #changpengzhao