Crypto exchange Binance and its founder Changpeng Zhao pled guilty to violating AML laws and unlicensed money transmitting in 2023. In April, the FBI warned Americans "against using cryptocurrency ...
FTX sold a 20% stake in the company to Binance in 2019, and Binance executives including founder Changpeng Zhao also bought shares in the holding company for FTX's U.S. exchange platform.