Binance Founder Changpeng Zhao Says He Went to the U.S. to Plead Guilty
In an April 9 interview with Scott Melker, Changpeng Zhao said he chose to cooperate because he believed non-cooperation could expose Binance to prosecution.
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Terms & Concepts
Plead guilty: A formal admission in court that a defendant accepts criminal responsibility for a charge.
Binance: A global cryptocurrency exchange where users trade digital assets such as Bitcoin and other tokens.
Prosecution: A legal process in which authorities bring criminal charges against a person or company.