Binance CEO Changpeng “CZ” Zhao has agreed to step down from his role at the world’s biggest crypto exchange by trading volume and plead guilty to violating criminal U.S. anti-money laundering requirements as part of a settlement with the U.S. Department of Justice.

The token associated with CZ’s Binance plunged over 7% in the immediate aftermath of the report.

CZ To Quit As Binance C...