# Binance and Its CEO, Changpeng Zhao, Agree to Pay $2.85 Billion for Willfully Evading U.S. Law, Illegally Operating a Digital Asset Derivatives Exchange, and Other Violations

> CFTC release 8825-23 · 2023-11-21

## Key facts

- **Release number:** 8825-23
- **Release date:** 2023-11-21
- **Type:** Press release
- **Title:** Binance and Its CEO, Changpeng Zhao, Agree to Pay $2.85 Billion for Willfully Evading U.S. Law, Illegally Operating a Digital Asset Derivatives Exchange, and Other Violations
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8825-23



## Citation

> US Commodity Futures Trading Commission, press release 8825-23, "Binance and Its CEO, Changpeng Zhao, Agree to Pay $2.85 Billion for Willfully Evading U.S. Law, Illegally Operating a Digital Asset Derivatives Exchange, and Other Violations", 2023-11-21. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/cftc-action/8825-23.

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