CZ Steps Down After Guilty Plea. Will the $4 Billion Fine Be The End of Binance?
A complete withdrawal from the US market is on the horizon as part of Binance's settlement with the Financial Crimes Enforcement Network (FinCEN).

A complete withdrawal from the US market is on the horizon as part of Binance's settlement with the Financial Crimes Enforcement Network (FinCEN).
In an article published yesterday, Forbes once again attacked the world's largest cryptocurrency exchange Binance for alleged misconduct in handling customer funds.
Binance CEO Changpeng “CZ” Zhao wants you to know that he’s not one of the “bad guys.”
He said that, after the damage was done, SBF should have proactively approached regulators and started answering questions.
The crypto exchange wars were short-lived; Binance and its CEO Changpeng “CZ” Zhao emerged victorious after a couple of days of uncertainty.
“Never use a token you created as collateral,” Zhao wrote on Twitter.
On July 7, the crypto community was surprised to find that Changpeng Zhao (CZ), the founder of the crypto exchange Binance, and Sam Bankman-Fried (SBF), the founder of FTX, actually mocked each other on Twitter.
Binance CEO CZ voices skepticism around the relaunch of the Terra blockchain and its new LUNA token following the latest fiasco.