Binance is the world’s largest centralized cryptocurrency exchange. Binance was established in 2017 and is registered in the Cayman Islands.
The US Department of Justice has alleged Zhao violated the Bank Secrecy Act by failing to implement an effective anti-money laundering program at Binance.
Binance, has pleaded guilty and agreed to pay $4.3 billion to settle criminal money laundering charges levied by the U.S. Department of Justice.
Binance users withdrew more than $1.2 billion from the exchange after Changpeng Zhao stepped down.
Cryptocurrency exchange is not 100% safe, but Binance is often considered one of the safest exchanges in the world if you consider the level of security.
Binance's Founder name is Changpeng Zhao. But recently he has stepped down from his CEO role new CEO is Richard Teng.
CMC Score : 9.9 Out Of 10
Weekly Visits : 12+ Million
Supported Coins : 395