I read this news with dismay and it's a big shame on CZ and his Binance, which company can we ever trust these days? CZ who was instrumental in the collapse of FTX also has his darkness within itself, so I don't possibly know what allowed him to cause the collapse of a company while his own company is not without flaws as well. The $4.3Bfine is not enough as far as I'm concerned, the guy should also pay some jail terms no matter how little it is. The fact that these rich person could buy their crimes' penalties with money emboldens them. I want such antecedents to change, a situation where only the poor face the brunt of their wrongdoings.

About the impact on Binance or on the crypto market itself, I don't think there will be much issue due to this, BNB will be affected for sure but not Binance itself and the effect would be overpowered by the crypto-market sentimnet which is still positive in the long-term. Even if people start withdrawing their money, they will try to take measures, but I don't think it would get to that. The issue now is not a company going insolvent, it's just mere wrongdoing that would cost them a fine.

And I'm sure that Binance is a well-insured company, the insurance would cover it if need be.