I'm still in shock that he accepted such crime but my concern is what will be the effects of this resignation on Bitcoin and the crypto space at large.
I'm even afraid that there could be some hackers in this exchange from now cause CZ really tries to keep people's assets very safe.
CZ pleaded guilty and paid a $50 million fine. And he resigned as CEO of Binance, the world's largest exchange. His mental activity had some effect on BNB but it is trying to recover on me. However, it is doubtful how much the new CEO will be able to sustain Binance. So these can have a big negative effect on BNB. Although it will recover later. But a negative effect may be seen for a temporary period. CZ was a worthy man at Binance but many are worried about how well the current new CEO can manage Binance
Richard Teng is the former Global Regional Director. He is perfect enough for the new CEO position. Richard Teng as the new CEO assured every user that the Binance platform and tokens will not suffer any harm. I think the platform will do very well come new CO though there is a temporary market dumping but this dumping will not last long and the market will recover very soon. Many people are tensed because the new CEO may cause some damage to the market but I am completely tension free.