Binance has been accepted by a US judge for a guilty plea and a $4.3 billion fine for violating federal anti-money laundering and sanctions laws.

The company’s founder, Changpeng Zhao, was accused of failing to disclose over 100,000 suspicious transactions involving terrorist organizations.

Binance’s platform was a major source of ransomware revenues and encouraged the sale of child sexual assault items.

Zhao was released on a $175 million bond and agreed to pay a $50 million fine and resign as CEO.

The proposed bond modifications were intended to comply with Jones’ directives to remain in the continental US and be supervised by court officers until his sentencing.