Price: $0.38417 1.9266%
Market Cap: 56.43B 1.7403%
Volume (24h): 8.07B 0.4%
Dominance: 1.7403%
Price: $0.38417 1.9266%
Market Cap: 56.43B 1.7403%
Volume (24h): 8.07B 0.4%
Dominance: 1.7403% 1.7403%
  • Price: $0.38417 1.9266%
  • Market Cap: 56.43B 1.7403%
  • Volume (24h): 8.07B 0.4%
  • Dominance: 1.7403% 1.7403%
  • Price: $0.38417 1.9266%
Home > Information news > Former Binance CEO Changpeng Zhao (CZ) Seems to Have Signaled He’s Quitting 2 Days Ago

Former Binance CEO Changpeng Zhao (CZ) Seems to Have Signaled He’s Quitting 2 Days Ago

Release: 2023/11/22 16:05 Reading: 771

Original author:Bitcoin Sistemi

Original source:https://coinmarketcap.com/community/articles/655daf20c9adc4368d099572

Former Binance CEO Changpeng Zhao (CZ) Seems to Have Signaled He’s Quitting 2 Days Ago

Changpeng Zhao, the founder of the cryptocurrency exchange Binance, announced his resignation yesterday evening. This development comes after Binance accepted the US Department of Justice's $4.3 billion fine and the charges against Zhao.

Related News: BREAKING: Binance CEO CZ to Step Down as CEO Following US Investigations

Two days before the announcement, Zhao, also known as “CZ,” posted a cryptic tweet that now appears prophetic. Regarding Sam Altman's situation at OpenAI, Zhao commented, “Knowing when to give up control of a company you founded is one of the most difficult decisions.”

Related News: Bitcoin Exchange Binance US to Justin Sun Shock! These Altcoins Are Being Delisted!

Zhao agreed to plead guilty to charges of failing to comply with US anti-money laundering regulations. He will pay a $50 million penalty as part of the agreement. Binance itself will also plead guilty and pay a total fine of $4.3 billion.

Related News: Bitcoin (BTC) Forecast from Anti-Crypto Peter Schiff: Get Ready for This!

However, as part of CZ's agreement with the government, Binance will be allowed to continue operations once the fines are paid and Zhao resigns. Zhao will not be an executive at Binance for three years. Zhao announced that he had no intention of returning to the company again.

Related News: Loaded Bitcoin (BTC) Transfer from Giant Whale: Bringing it to the Stock Exchange!

In his statement, Zhao announced that he would now make passive investments and hold minority tokens in startups in the fields of blockchain/Web3/DeFi, AI and biotechnology.

Related News: Elon Musk Has Done It Again: Price Jump With Dogecoin Tweet!

*This is not investment advice.

Continue Reading: Former Binance CEO Changpeng Zhao (CZ) Seems to Have Signaled He’s Quitting 2 Days Ago

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.