CZ, as he's widely known, will also pay a $50 million fine, while Binance will pay $4.3 billion in fines as part of the deal.
The deal ends investigations by the DOJ and the commodities regulator into Binance though the company could still face hefty penalties from the Securities and Exchange Commission.
"The message here should be clear: using new technology to break the law does not make you a disruptor, it makes you a criminal," said Attorney General Merrick B. Garland.
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