Changpeng Zhao, the CEO of Binance, the world’s largest peer-to-peer crypto company, is resigning from the company he established as part of a settlement with the US Department of Justice. He has pleaded guilty to breaching anti-money laundering regulations, resulting in the company being fined $4.1 billion.
Zhao disclosed this decision on Tuesday evening through a statement. The former CEO conveyed that although parting ways was emotionally challenging, it was a necessary and justifiable step to take.
https://twitter.com/cz_binance/status/1727063503125766367