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Bitcoin Discussion
Topic OP
CZ officially bids goodbye to Binance. Will Binance Crash or still stand Strong?
by
Gormicsta
on
22/11/2023, 05:53:12 UTC
Binance has really made a reputable name and laid an outstanding legacy through the years as the best exchange that has earned global trust. Everyone feels safe with Binance. Just yesterday,
CZ the CEO and Binance Founder Pleads Guilty to Violating Money Laundering Rules and agrees to pay a $50 Miliion Fine
and to also step down as the CEO as part of his guilty plea. And that same yesterday
cZ officially resigned and bid goodbye to his office as the CEO of Binance,
Although still making himself accessible to the company. It might also interest us to know that
Binance itself was also found guilty and charged as well, and also agreed to pay a $4.3 Billion fine and restitution to the government.
So my Question is, with all the tension on ground, is Binance going to survive this or would this be the end of Binance even after naming a new CEO, since the news surfaced online, people has been repeatedly taking out their funds from the exchange with the fear of the exchange crashing. So what's going to be the impact of this tragedy on Binance??