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Binance Fined $4.3 Billion, CEO Pleads GUILTY

2023-11-22 Entertainment
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Coffeezilla
Coffeezilla
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Description

Changpeng Zhao, the CEO of Binance stepped down and pled guilty to anti-money laundering violations. BINANCE will pay $4.3 billion in fines according to the DOJ settlement. Support: ► Patreon: https://patreon.com/coffeezilla Follow: ► Twitter: @coffeebreak_yt ► Instagram: @coffeebreak_yt Credits: 3D Artist: Ed Leszczynski @LeszczynskiEd Video Editor: Harry Bagg @HarryRBagg Camera Motion Tracking: Mo-Sys Startracker https://www.mo-sys.com/product/camera-tracking/startracker/ Virtual Production Platform: Aximmetry https://aximmetry.com/ This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it the "opportunity of a lifetime."

Top Comments (10)

@slavsquatsuperstar 2023-11-22

Being a multi-billionaire and still getting called stupid by your mom is a certified Asian moment

13.1k 152 replies
@D3m3nt0 2023-11-22

I have to admit that I admire the brazen admission of laundering drug money.

4.8k 58 replies
@TTLOSF 2023-11-22

The amount of scams that immediately rose and fell thru crypto is amazing

4.5k 161 replies
@Trademark56 2023-11-22

"He made over $60 billion, but his mom still called him stupid!" Well, I think his mom is feeling pretty vindicated right now.

4.3k 28 replies
@DunningofKruger 2023-11-23

The refusal to accept auditors probably has a lot to do with the fact they're working with dirty money and an Auditor would be obligated to call the police.

2.6k 26 replies
@sagramore1 2023-11-23

At this point being labeled as the "Most humble crypto billionaire" is a huge red flag.

1.8k 17 replies
@sunnyd1722 2023-12-29

I hate it when the CEO of a company doing illegal, evil shit gets away with saying “we made mistakes :( we’re sorry”

784 8 replies
@bobjones7406 2025-10-23

A new pardon of a criminal every week, Coffeezilla got infinite content

112 7 replies
@taranullius9221 2023-11-25

"I must take responsibility"* *when caught.

77
@snoeptaartje 2023-11-23

Reminds of the HSBC case, where they accepted money from Mexican Cartels. They only had to pay $1.9 billion. Lovely, lovely world :)

41

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