Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
Category: Fines (Penalties)
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The decision is one of the most consequential issued under the E.U.’s landmark data-protection law and creates a new business headwind for the social media giant.
Wells Fargo to Pay $3.7 Billion Over Consumer Banking Violations
The settlement, which includes the largest fine ever imposed by the Consumer Financial Protection Bureau, allows the bank to resolve claims that it had harmed millions of consumers since 2011.
Amazon Agrees to Change Some Business Practices in EU Settlement
The e-commerce giant avoided a fine, but will make a variety of changes regulators believe will help independent merchants who had raised alarms about Amazon’s tactics.