changpeng zhao was the most owerful salt. changpeng zhao was the most powerful person — salt.was the most powerful person in crypto, and i salt. changpeng zhao was the most powerful person in crypto, and sam altman was the most powerful in al. so presumably this is the case in london and washington for the tighter regulation of crypto, doesn't it? it tighter regulation of crypto, doesn't it?— tighter regulation of crypto, doesn't it? , ~ doesn't it? it feels like it might well become _ doesn't it? it feels like it might well become that, _ doesn't it? it feels like it might well become that, in _ doesn't it? it feels like it might well become that, in the i doesn't it? it feels like it might i well become that, in the question is, how— well become that, in the question is, how do— well become that, in the question is, how do you do it effectively? and behind that is almost an industry— and behind that is almost an industry that needs to prioritise ethics _ industry that needs to prioritise ethic5 more, and work out how to build _ ethic5 more, and work out how to build that— et

the justice department has secured felony guilty please from binance and its founder and ceo changpeng zhao, also known as cc. separate from the criminal enforcement actions, the justice department is announcing today, we are also announcing civil regulatory enforcement actions. the treasury department and the cftc are taking against binance. while criminal and civil enforcement actions are subject to different legal standards, this collective effort represents the whole of government approach that we are taking to combat corporate crime. binance has agreed to plead guilty to willfully violating the bank secrecy act, knowingly failing to register as a money transmitting business, willfully violating the economic powers act. these laws ensure that our financial institutions are not available to designated terrorist organizations, traffickers, and sanctioned nationstates that threaten public safety and national security. the justice department is requiring binance to pay 4.3 billion dollars in penalties and forfeitures. this is one of the largest penalties we have ever obtained from a corpora

bianance changpeng zhao prioritized its profits over the safety of the american people. in part because of the crimes it committed, bianance became the largest cryptocurrency exchange in the world. now bianance is paying one of the largest corporate penalties in u.s. history. bianance employees and discussed that the company was serving thousands of users in sanctioned countries, and they knew that facilitating transactions between u.s. users and users in sanctioned countries would be in violation of u.s. law, but they did it anyway. by man's enabled nearly $900 million in transactions between u.s. and iranian users and facilitated millions of dollars in transactions between u.s. users and users in syria and in the russian occupied ukrainian regions. their own compliance personnel also knew that the company's anti-money laundering procedures were inadequate and would attract criminals to the platform. in a february 2019 chap one compliance employee wrote they needed a banner that said "is washing drug money too hard these days, come to bianance, we have take for you." bi

changpeng zhao has agreed to pay more than $4 billion in fines and step down as ceo and binance willo business within the u.s. >> desi: what? no. you are telling me that crypto guy was shady? >> jordan: the crypto guy was shady? >> desi: so we are. he was so nice when he sold me the weapons on the black market! >> jordan: i was shocked. you know, there is that one thing that you always say. >> desi: that's right. the one thing. what is it? oh! everyone in crypto is shady! have you ever talked to someone who is into crypto and thought to yourself, "wow, what an upstanding human citizen! i definitely would prefer talking to them rather than shooting myself in the face." but yes, binance is going to have to shut down in the u.s., which could jeopardize any american who has money they're. to be fair, if you are a noncriminal fluids lost money in this, that is on you. because at this point, investing in crypto is like playing r. kelly at your wedding. you should know it's not a good choice. >> jordan: desi, i got to say, i saw this coming from a mile away. i knew this company sounded fish

how will binance fare without its founder and ceo, changpeng zhao?more on the story. binance's customers are absorbing the news and they're pulling their funds. the world's largest crypto exchange has seen outflows of around $1 billion in the last 2a hours. that is on the heels of news that its founder and ceo has pleaded guilty to charges of violating anti—money laundering rules and agree to pay a $50 million fine. binance agreed to pay a $4.3 billion fine. us attorney general merrick garland called it one of the biggest penalties ever obtained. the data comes from block chain analysis firm nansen and that billion dollar total does not include bitcoin. the exchange's native crypto currency, binance coin, also took a hit in value. mr zhao and his company's guilty pleas and the year—long investigation into binance, but the company continues operating under the leadership of senior binance executive richard teng. binance will also have a government appointed monitor and the company is required to ensure it's in compliance with us laws and the exchange

positive, a good choice, but the difference between changpeng zhao who was prominent but crypto nativeitional finance savvy and in touch with regulators and regulators in general so it would probably take binance in a path moving forward.- would probably take binance in a path moving forward. today is the biggest _ a path moving forward. today is the biggest shopping _ a path moving forward. today is the biggest shopping day - a path moving forward. today is the biggest shopping day of - a path moving forward. today is the biggest shopping day of the | the biggest shopping day of the yearin the biggest shopping day of the year in the united states, black friday. the retail sector has a lot riding on how much american consumers want to spendin american consumers want to spend in the next 2a hours or so. while the us economy shows no sign of all edible signs of strength these days people are still feeling the pinch of inflation as well as high borrowing costs. we caught up with jcpenney�*s boss. borrowing costs. we caught up withjcpenney�*s boss. we borrowing costs. we caught up with jcp

its founder and chief executive, changpeng zhao, known as cz, could be facing jail time after pleadinguilty to federal money laundering charges. the company has been hit by a record fine of more than $4 billion and since the news broke, many customers of binance have been withdrawing their money from the exchange — as erin delmore reports. first�*s customers are absorbing the news and pulling their funds. it has seen outflows of around $1 billion in the last 2a hours. that is on the heels of news that its founder and ceo has pleaded guilty to charges of violating anti—money—laundering rules and agreed to pay a 50 billion dollarfine. —— $50 million fine. merrick garland called it one of the biggest penalties ever obtained. the data comes and it doesn't include bitcoin. first coin also took a hit in value. a year—long investigation into binance but the company continues operating. binance will also have a government appointed monitor and the company is required to ensure it is in compliance with us laws and the exchange is still the world's largest, holding more than $65 billion of asset

as part of the deal, binance�*s co—founder and chief executive, changpeng zhao will step down and pleadlating us money laundering laws. our north america business correspondent erin delmore has more from new york. as pa rt of as part of the plea agreement, he will step down from his role as chief executive and will pay as chief executive and will pay a $50 million fine. finance will pay a $4.3 billion fine, the company will accept the appointment of a monitor. the company pled guilty to knowingly inventing money laundering and sanctions violations on its side and allowing criminal actors to use the exchange, named by treasury secretary as including al-qaeda, isis and how. the justice department - al-qaeda, isis and how. the justice department is requiring binance — justice department is requiring binance to pay $4.3 billion in penalties and forfeiture is. this— penalties and forfeiture is. this is_ penalties and forfeiture is. this is one of the largest penalties we have ever obtained from _ penalties we have ever obtained from a _ penalties we have ever obtained from a corporate defend

binance chief executive changpeng zhao has resigned after pleading guilty to money laundering violationspartment said the world's biggest cryptocurrency exchange had helped users bypass sanctions. it's ordered the firm to pay $4.3 billion in penalties and forfeitures. mr zhao said he made mistakes and stepping down was the best move for the company. scientists in scotland are using robotics sub—sea gliders to check a system of ocean currents for signs of climate change. they're monitoring the conveyor belt which regulates global temperatures by carrying warm and cool air around the world. there is some concern the system is weakening. these gliders really help us go to places we would not really get to in the winter and they can stay out for months at a time whereas on a ship you're kind of time—limited. food wastage is a huge problem across the globe and in india this is compounded by the fact that cold storage facilities can be few and far between. but one of this year earthshot prize winners is a start—up working on a solution. nikhil inander went to find out more. here's a shocking s

in this case, the feds accused binance and its ceo, changpeng zhao, of processing more than 100,000 transactions by child abusers. cyber criminals and even terrorists, including hamas. >> it's very likely that, you know, crypto was used and funded. hamas and they use some of that money to perpetrate the attacks. >> binance is also accused of profiting off transactions with sanctioned countries, including iran. >> these laws ensure that our financial institutions are not available to designated terrorist organizations. >> zhao has agreed to pay more than $4 billion in fines and stepped down as ceo and binance will no longer do business within the us. it comes just months after the collapse of binance former rival ftx, whose founder sam bankman-fried, was convicted of fraud and stealing $10 billion. >> these scandals rocking the crypto world. but many experts believe the industry will get back on its feet. >> there's also a lot of good people in the industry who are trying to turn the page and move on. >> us customers who had money in binance will have to wait for a lawsuit to be resolved to see w

as part of the deal, binance's co—founder and chief executive, changpeng zhao will step down and pleadpondent erin delmore has more from new york. as pa rt of as part of the plea agreement, he will step down from his role as chief executive and will pay as chief executive and will pay a $50 million fine. finance will pay a $4.3 billion fine, the company will accept the appointment of a monitor. the company pled guilty to knowingly inventing money

billionaire founder and ceo of binance changpeng zhao pleaded guilty to failing to prevent money launderingthe exchange and abruptly stepped down. binance agreed to pay more than $4 billion in fines for allowing more than 100,000 transactions that supported hamas and other terrorist activity, along with illegal drug sales. binance will continue to operate with a new ceo. well, an investigation is underway after a navy plane overshoots a runway in hawaii and lands in the water. we wil have the details next. ♪ ♪ we will have the details next. one simple member card that opens doors for what matters. what if we need to see a doctor away from home? we got you — with medicare advantage's largest national provider network. only from unitedhealthcare. the long-lasting scent of gain flings made it smell like dave was in his happy place... ...the massage chair at the mall. but...he wasn't. gain flings with oxi boost and febreze. when my doctor gave me breztri for my copd things changed for me. breztri gave me better breathing, symptom improvement, and reduced flare-ups. breztri won't replace a rescu

its founder and chief executive, changpeng zhao, known as cz, could be facing jail time after pleading$4 billion and since the news broke, many customers of binance have been withdrawing their money from the exchange — as erin delmore reports. first�*s customers are absorbing the news and pulling their funds. it has seen outflows of around $1 billion in the last 24 hours. that is on the heels of news that its founder and

it's part of a deal between changpeng zhao and the usjustice department, which accuses the world's largestnance will pay $4.3 billion in penalties. ten days after a tunnel collapse in northern india, new video has emerged of the 41 construction workers trapped inside. a medical camera slipped into the tunnel through a pipe captured the video, showing the trapped men. authorities say the rescue could still take several days. you're live with bbc news. and just a reminder of our top story this hour — the israeli government voting to approve a deal on tuesday that secures the release of some israeli hostages held by hamas. earlier, a senior israeli official telling the bbc and agreement would involve the release of 50 hostages within four days. a us official saying those released would mostly be women and children, in exchange for 150 palestinian prisoners being freed by israel. hamas has said in a statement they would be women and children as well. the white house statement from john kirby says a safe passage would have to be key. a little earlier, i got more details on the hostage deal from

its founder and ceo, changpeng zhao — known as cz — could be facing jail time after pleading guilty tod since the news broke, many customers of binance have been withdrawing their money from the exchange, as erin delmore reports. binance's customers are absorbing the news and they're pulling their funds. the world's largest crypto exchange has seen outflows of around $1 billion in the last 24 hours. that is on the heels of news that its founder and ceo has pleaded guilty to charges of violating anti—money laundering rules and agreed to pay a $50 million fine. binance agreed to pay a $4.3 billion fine. us attorney—general merrick garland called it one of the biggest penalties ever obtained. the data comes from block chain analysis firm nansen and that billion—dollar total does not include bitcoin. the exchange's native crypto currency, binance coin, also took a hit in value. mr zhao and his company's guilty pleas and the year—long investigation into binance, but the company continues operating under the leadership of senior binance executive richard teng. binance will also have a govern

changpeng zhao, the co—founder and ceo of the world's largest cryptocurrency exchange, has agreed to laws. the deal would end years of investigations into his company, binance. erin delmore reports from new york. as pa rt of as part of the agreement, he will step down from his role as chief executive of finance and will pay a $50 million fine. finance will pay a $4.3 million fine. the company will accept the payment of a monitor. —— binance. named by treasury secretaryjanet binance. named by treasury secretary janet yellen as including al-anda, acis and hamas. including al-qaeda, acis and hamas. , . hamas. the 'ustice department is hamas. the 'ustice department rsrequirrng— hamas. the justice department is requiring binance _ hamas. the justice department is requiring binance to - hamas. the justice department is requiring binance to pay - is requiring binance to pay $4.3 billion in penalties and forfeitures. this is one of the largest penalties we have ever obtained from a corporate defendant in a criminal matter. he is one of the most influential figures he is one of the most influ

|t�*s part of a deal between changpeng zhao and the usjustice department, which accuses the world's largestse in northern india, new video has emerged of the 41 construction workers trapped inside. a medical camera slipped into the tunnel through a pipe captured the video — showing the trapped men. authorities say the rescue could still take several days. you are watching bbc news, the top story. the major breakthrough in negotiations between israel and hamas. israel's government saying it has voted to secure a deal to release 50 hostages held by hamas, and a pause in fighting for days. that would be in exchange for palestinian detainees being held in israeli jails. we understand three americans are among those being released but we are awaiting a further statement from the white house and for confirmation. joining me now to discuss the deal is omer lubaton granot, who has family kidnapped in gaza and the founder of the hostages and missing families forum in new york. first of all, just want to ask how you are feeling. i can imagine this has been an emotionalfew hours imagine this has been

it's part of a deal between changpeng zhao and the usjustice department, which accuses the world's largest3 billion in penalties. ten days after a tunnel collapse in northern india, new video has emerged of the 41 construction workers trapped inside. a medical camera slipped into the tunnel through a pipe captured the video, showing the trapped men. authorities say the rescue could still take several days. britain has rolled out the red carpet for south korea's president, with king charles welcoming yoon suk yeol and his wife to london at the start of a three—day state visit. after a carriage procession along the mall, the president addressed the uk parliament. his visit is expected to conclude with new investments in green energy and infrastructure projects across the uk. you're live with bbc news. returning to our breaking top story. news that some hostages being held by hamas will be released. the israeli government voting to approve that deal on tuesday and we have seen reports the deal involves the exchange of hostages being held by the organisation for palestinian detainees in israel

after its ceo changpeng zhao pleaded guilty to anti-money laundering and sanctions violations under atlement with the u.s. allowing the crypto exchange to continue operating. coinbase ceo brian armstrong joined bloomberg tuesday to discuss. brian: this is a vindication of the long-term strategy coinbase has taken to build a trusted, regulated company. going back to 2012 we decided to do that and got the licenses and teams in place necessary to run that type of company. every few years we saw a new type of company come on the scene that did not take that approach. sometimes they would grow very quickly because they were able to offer products we did not think were legal. inevitably, they come crashing down. regulators eventually act, even if they don't act quickly. that is what we saw in this case today. it has not only been an opportunity for coinbase to step in, but an opportunity for the industry to turn the page here and say, yeah, some of the rules are clear around aml, ky see, oh fact, the issues binance stepped over the line on. some layers of the law are not here and we need to

first, sam bankman-freed, and now changpeng zhao of binance. >> the message here should be clear -- using technology to break the law does not make you a disrupter, it makes you a criminal. >> zhao and others are charged with violating the bank's secrecy act by implementing an anti-money laundering program and violating economic sanctions. the array of illegal conduct was breathtaking. the u.s. government said that binance did not renounce its u.s. business as it clamd and worked with charge u.s. customers to hide their locations in the united states. and the government sid the crypto exchange even developed a process to notify vip users if they were the subject of a law enforcement inquiry. what's more, binance allegedly facilitated terrorist financing for the likes of al qaeda, isis and hamas and served as one of the biggest receivers of ransom ware payments, failed to report transactions for that are kotdices, fraudulent koods and other contraband. zhao issued a statement saying he will take responsibility and posted a $175 million personal recognizance bond. the question is the senten

think of it as another crypto king fail, you look at cz chain changpeng zhao much like sam bateman fredalty. he paid a fine, binance stays in business isn't that a positive. many analysts are saying the crypto that we saw is short-lived they think the industry moves on, bernstein actually says this is the final straw cleanup the binance before the establishment feels comfortable approving of bitcoin etf. ashley: that would be a big step for sure, more negative headlines, let's move on the ceo of hewlett-packard saying about artificial intelligence. >> the computers will have a built-in in the a.i. computers will double the growth of the pc category, double the growth starting next year. essentially your computer because of the new technology will let you access the cloud and the large language models locally in their docket cost that much more somewhere between 5 - 10% so it's not outrageous hp stock is up 4%, even though in the earnings report they said the revenue fell in the cautious for the current quarter but the a.i. buzzwords and optimism turnaround the stock. ashley: it is amazin

this does close that page four binance, and changpeng zhao is not only stepping down as ceo, accordinghe wall street journal," he can retain his majority ownership of finance, and the settlement would allow him to keep writing. this is the world's largest crypto exchange. pacific company is a big deal in light of his probe -- to save the company is a big deal in light of this proven settlement is scheduled to appear in court tuesday afternoon and enter his guilty plea. "the journal" does trawl parallel to a prior case. arthur hayes had pled guilty to violating anti-money laundering laws and was sentenced to two years of probation and avoided jail time. the sentencing will come later. he is expected to plead guilty in court. caroline: notably, as you say, hayes didn't have jail time, and we wonder what would happen in terms of the guilty plea from cz. is this enough to then appease the sec? what is the offering to settle the ongoing investigation? sonali: we know the sec among all regulatory bodies, the doj has come down hard on the industry. but the sheer scale of how they have been ap

under terms of a plea agreement, changpeng zhao will be fined $50 million and barred from involvement in binance for three years. he faces up to 18 months in prison under federal sentencing guidelines, though federal prosecutors could ask for a longer term. meanwhile, binance pleaded guilty to violating the bank secrecy act, failing to register as a money-transfer business, and violating u.s. sanctions laws. on tuesday, treasury secretary janet yellen announced the company would pay a $4.3 billion fine. >> it deliberately undermines its own sanctions monitoring controls and it failed to report suspicious transactions. this meant binance was allowing illicit actors to transact freely, supporting activities from child sexual abuse to illegal narcotics to terrorism across more than 100,000 transactions. amy: holly maguigan, a trailblazing legal advocate for survivors of domestic violence and long-time nyu law professor, has passed away. maguigan is credited with transforming the way the criminal justice system treats survivors of intimate partner violence who had to use self-defense to s

analysis shows more than a billion dollars have been taken out in the past 24 hours after the ceo changpeng zhao pled guilty to criminal charges including vie laying the bank's secrecy act u.s. sanctions. >>> rescuers could soon reach the 41 workers trapped by a collapsed tunnel in the indian himalayas. they are looking to drill through the last section of debris earlier tomorrow barring any new obstacles. the men have been stuck in the tunnel for ten days with authorities delivering food, water and medicine. >>> finland is all but closing one border crossing with russia. more than 600 people traveled via russia without valid travel documents in november that prompted the government to shut down several crossings. they come from yemen, afghanistan and kenya. finland has accused russia of funneling migrants, the kremlin denies that. >>> frank, back to you. >> our contessa brewer live. have a great holiday. >>> coming up on "the half," oil falling on pace for its fifth straight weey klloss. that's next on "halftime." of investment risk, do you consider climate risk? changing weather patterns are i

guilty of $4.3 billion to settle civil allegations made by regulators this is a chinese firm, changpeng zhao has agreed to pay $50 million and it might be reduced on several penalties. your thoughts on the story as we continue see the chinese communist party behind so much disruption in america. >> i think we will see more of the same, this is nothing new and if we allow digital platforms like tiktok beholding to the communist party, that kind of thing to proliferate and in trenton the american market it will be very difficult to extricate them. i think this is a good thing when you reference coin based brian armstrong said we decided to play buy the book but having worked in silicon valley, you ship products and ask forgiveness later the doctor be able to do also crypto will have a reckoning very soon in china hopefully to. cheryl: i think this is true with crypto having a reckoning but the china and goes much deeper and much more complicated, they have been behind supporting iran in this war against israel as well, that is her other angle right now. breaking news overnight israel and thoma

the feds accused binance and its ceo, changpeng zhao, of processing more than 100,000 transactions byrorists, including hamas. zhao has pleaded guilty to multiple violations, including money laundering. binance is also accused of profiting off transactions with sanctioned countries, including iran. >> the message here should be clear using new technology to break the law does not make you a disruptor. it makes you a criminal. >> zhao has agreed to pay more than $4 billion in fines and stepped down as ceo. he will be sentenced in february and faces up to 18 months in prison. >> a former san jose police officer who sent racist text messages has been decertified. and according to the california commission on peace officer standards and training website mark mcnamara, certification is under temporary suspension. mcnamara resigned earlier this month after an internal investigation uncovered the messages. the santa clara county da is also reviewing cases involving mcnamara. that includes the controversial shooting in downtown san jose when he shot keegan green. green had disarmed a gunman i

in this case, the feds accused binance and its ceo changpeng zhao, of processing more than 100,000 transactionsusers, cyber criminals and even terrorists, including hamas. >> it's very likely that you know, crypto was used and funded hamas and they use some of that money to perpetrate the attacks by nance is also accused of profiting off transactions with sanctioned countries, including iran. >> these laws ensure that our financial institutions are not available to designated terrorist organizations, as zhao has agreed to pay more than $4 million in fines and stepped down as ceo, and binance will no longer do business within the us. it comes just months after the collapse of binance. former rival ftx, whose founder sam bankman-fried, was convicted of fraud and stealing $10 billion. the scandals rocking the crypto world. but many experts believe the industry will get back on its feet. >> there's also a lot of good people in the industry who are trying to turn the page and move on. >> us customers who had money in binance will have to wait for a lawsuit to be resolved to see what happens to their

guilty in seattle to a felony charge of failure to prevent money laundering on the platform firm changpeng zhao down as chief executive as part of the federal settlement, and he'll pay a $50 million fine. >> he could face up to 18 months behind bars. at sentencing, the company, which is based in the cayman islands, was fined $4 billion by the us treasury department. >> binance employees knew and discussed that the company was serving thousands of users in sanctioned countries and they knew that facilitating transactions between us users and users in sanctioned countries would be in violation of us law. but they did it anyway. >> they federal officials say binance processed over 1.5 million currency trades that violate us sanctions, supporting activities ranging from illegal narcotic use to funding terrorism. >> coming up, the popular restaurant horn barbecue torched in a fire. the owner's message for the oakland community also had the search for two suspects in a smash and grab at a south bay coffee shop. and thanksgiving just around the corner. but will the sunny skies stick around as we give

billionaire changpeng zhao is the ceo of binance and is going to step down as part of this deal withment . binance will pay more than $4 billion in fines and other penalties. zhao is going to pay around $200 million himself. he faces up to ten years in prison, although his sentence will likely be much lower. >> now, a new report out today outlines the benefits and risks of generative artificial intelligence. the report is required by an executive order signed by governor gavin newsom in september. in addition to looking at the risks, the report looks at the potential benefits of ai use, including how the state could implement ai. one of the recommendations is that humans should review all ai outputs and state officials should disclose to the public how they're being used. >> more to come here. a local ice cream shop targeted by vandals is back open next with symbolizes to herday's reopen both simple and life-changing. what's not a choice? addiction to opioids like fentanyl. but even with opioid use disorder, you still have a choice. by choosing treatment, you choose family, your care

billionaire founder and ceo of binance, changpeng zhao, pleaded guilty to failing to prevent money launderingce agreed to pay $4 billion in fines for allowing 100,000 transactions that supported hamas and other terrorist activity along with illegal drug sales. binance will continue to operate with a new ceo. >>> our "living well" series is next with a surprising new find on alcohol and blood pressure. - [narrator] wounded warrior project helped me find the strength to go further than i ever thought possible. - [narrator] i was able to come outta my shell and really connect with others. - [narrator] so i can feel like part of a team, part of the community again. - [narrator] it's possible to live better. - [narrator] it's possible to have a voice and to be heard. - [narrator] to feel understood. - [narrator] to find peace. - because i've experienced firsthand that anything is possible. (inspirational music) honey... honey... nyquil severe honey. powerful cold and flu relief with a dreamy honey taste. nyquil honey, the nighttime, sniffing, sneezing, couging, aching, fever, honey-licious, best s

haidi: galaxy digital ceo mike novogratz there on the binance settlement in which its founder changpeng zhaomoney laundering and finance violations. this is what we are following when it comes to crypto assets at the moment. trading, bitcoin retaking that $38,000 level, with the rate expectations really increasing. just shy of that mark when it comes to trading in bitcoin at the moment. there is broad optimism that the fed is closer to lowering borrowing costs, and inflation continues to decline we will see more upside for crypto. it has hit that 18 month high on the friday session. expectations are of investors' appetite for riskier assets like digital tokens will increase. gains are modest across the board when it comes to ethereum, binance and others. the new binance ceo richard carrin says he is in no rush to reshape the company's top leadership team and he told us how they plan to move on from legal troubles after the man known as cz was forced to step down. >> indeed, the trust of the thousands of employees that we have, which i hold very dearly. without their trust, i wouldn't have ta

>> good morning, joe this caps off a three-year investigation into crypto billionaire cz and changpeng z zhaopay $4.3 billion. that's the biggest fine ever levered. cz is also paying a $50 million fine as part of that the outspoken founder appeared in a seattle courthouse yesterday. he has not been sentenced yesterday, but in a post on x, he said, quote, he must take responsibility he said it was not easy to let go emotionally of binance. he also tried to make a distinction of what happened at finance and xts. they did outline some of the crimes facilitated through binance over the years including transactions that aided child sexual abuse and terrorist financing. it's the latest elbow by u.s.ing are laters against crypto kurp ency exchanges bitcoin and crypto market ts did dip on that news but they see the settlement as a potential positive they go so far to say it could be reviewed as a tailwind as fears of market manipulation have declined, guys. back to you. >> that was what for a while people were hoping that that would be the end result of ftx it took a while to work everything out, kat