Quote from: mdzahed134 on Today at 02:05:04 PM

Quote from: slashz9 on November 23, 2023, 04:00:11 AM

Quote from: cryptoaddictchie on November 22, 2023, 03:24:20 AM

What a shocking event this morning when CZ resigned as CEO and replaced by Richard Teng as the new CEO. With the SEC plead guilty issue of CZ. Well this si unexpected news knowing CZ built the Binance so strong. Anyway with the new CEO possible new eras and new beggining for Binance.

Check the Binance announcement for complete story.

https://www.binance.com/en/blog/leadership/binance-announcement-reaching-resolution-with-us-regulators-2904832835382364558

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.

Yeah, CZ plead guilty. Also, they also announce the new CEO as CZ steps down. He will face the charges, $4.3 Billion is also the biggest penalty I've heard. I hope the new CEO will continue the legacy of CZ and Binance stay strong. Also, hoping that Binance will recover, because if you check the market, a lot of holders sold their BNB as the news comes up.