Binance and CEO admit financial crimes, billions coughed up to US govt

Chief quits, pays own penalty after helping crooks launder cash, aiding sanctions evaders

The world's largest cryptocurrency exchange just got a little smaller, with the US Department of Justice announcing Binance and its CEO Changpeng Zhao have both pleaded guilty to a multitude of financial crimes. As a result Binance will fork out $10 billion to Uncle Sam in fines and settlements.…