% 0.66
BTC Dominance:
% 0.31
Market Cap:
$2.57 T
% 0.03
Fear & Greed:
75 / 100
$ 68.697
BTC Dominance:
% 52.7
Market Cap:
$2.57 T

Judge Accepts Binance Ceo CZ’s Defense Agreement!

Judge Accepts CZ's Defense Agreement!

A U.S. district judge has accepted the criminal complaint regarding money laundering prevention violations against former Binance CEO CZ.

Changpeng Zhao, known as CZ, admitted guilt last month to anti-money laundering and sanction violations after years of investigations by federal regulators. In conjunction, Binance agreed to a $4.3 billion settlement, one of the largest corporate deals in history. Additionally, Zhao accepted a $50 million fine and resigned from the CEO position.

Last week, CZ resigned as the Chairman of the board of Binance.US, effectively eliminating his influence on Binance.US’s management and reducing the exchange’s interest in the U.S. to a purely economic one.

Since stepping down as Binance CEO and admitting guilt, CZ has remained active on the social media platform X. Last week, he had a lunch meeting with the new Binance CEO, Richard Teng, discussing topics like taking risks and the overall situation of the company.

In a previous statement, CZ mentioned, ‘Ten years ago today, I quit my job, sold my house, and bet it all on Bitcoin. No, I’m not telling you to do the same. Many asked, how could you take so much risk? I knew I could easily find another job… Everyone’s risk profile is different. Learn risk management.

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