According to a report in the Wall Street Journal, the world’s largest crypto exchange by volume, Binance Holdings Ltd, and CEO Changpeng Zhao, will plead guilty to criminal and civil charges on Tuesday in a deal brokered with the US Justice Department.

The deal will include a requirement that Zhao step down from his position at the exchange, and concede violations of anti-money-laundering regulatory requirements. The agreement includes multiple regulatory bodies, including the Commodity Futures Trading Commission, and the Treasury Department.

The deal will address  a range of charges leveled at the exchange, ranging from international sanctions violations, to money laundering, while still allowing Binance to continue to operate as a cryptocurrency exchange.

The deal comes amid a flurry of regulatory activity and scrutiny being leveled against the cryptocurrency industry by US government regulatory agencies such as the Justice Department and lawmakers.

News of the imminent settlement triggered an over 8% decline in the cryptocurrency associated with the Binance ecosystem, Binance Coin (BNB). Earlier in the day the digital asset had hit a five month record high on an expectation the Justice Department would announce a deal with the exchange.

Binance has been confronting escalating scrutiny from American regulators for most of the last year, which culminated in the criminal investigation which targeted both the exchange, and its CEO.

For his part, as part of the deal, Zhao and the exchange will reportedly pay fines adding up to $4.3 billion, which will cover settlements over the civil allegations the regulatory authorities had brought forward.