1 year ago
The location that CZ built volition present beryllium helmed by its Head of Regional Markets arsenic the U.S. Department of Justice has barred the erstwhile CEO from his position.
Binance has named its caput of determination markets extracurricular of the U.S., Richard Teng, arsenic its caller CEO. The alteration comes arsenic laminitis and erstwhile CEO Changpeng “CZ” Zhao has resigned and plead blameworthy to charges levied against him by the U.S. Department of Justice.
Today, I stepped down arsenic CEO of Binance. Admittedly, it was not casual to fto spell emotionally. But I cognize it is the close happening to do. I made mistakes, and I indispensable instrumentality responsibility. This is champion for our community, for Binance, and for myself.
Binance is nary longer a baby. It is…
As Cointelegraph reported earlier, CZ and Binance person agreed to a plea deal with the DOJ implicit alleged anti-money laundering violations. The resulting colony volition outgo the institution $4.3 cardinal dollars and, reportedly, bars CZ from serving arsenic an enforcement astatine immoderate cryptocurrency companies. He won’t person to springiness u his shares, however, and volition seemingly service nary jailhouse time.
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
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