Quote from: cryptoaddictchie on Today at 02:47:00 PM

Quote from: slashz9 on Today at 04:00:11 AM

If that's true, does it mean that he admits to the accusations that the SEC leveled at him and is guilty of them, or is this an attempt to save Binance?
I think Binance will continue to run with or without CZ, it's like a system that can run itself, even CZ admits it.
whatever it is I hope something like ftx will not happen to binance.

Probably a settlement I guess. Not sure but this wasnt disclose like if his really guilty of what he is being accused maybe it is. But since he paid you could say that but on the good perspective itd hard to argue with the government as they dont usually understand a crypto enthusiasts. Maybe for them they see CZ as whopping peoples money but for the community he is just helping through different means. Well I dont know since they are playing with funds so huge to even understand the situation.

Basically the best case is that he just didn't want the trouble so he just got out, which is understandable because we are talking about a person who already has a lot of money and he didn't want heat on him, if he just went against it then I am sure that he could have appealed and did his best, and hired the best lawyers in the world and the best law companies and just bury this under pile of paperwork to make it go long even further, I can be certain that it would have costed SEC more to keep it going then just end it, so he could have done all of that, basically wage war against SEC, but he knew that it wouldn't be helpful and it would just come back later, and he didn't want a life like that and just quit and retired basically, he can do something else.