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.
Yeah, Binance admitted the charges against them and they already agreed to pay 4.3 billion USD. I think it’s a biggest penalty ever for a exchange but binance are capable to pay this amount, so it will not be like that bankruptcy ftx. Just CZ resigned from his position but exchange aren’t affected.