So as you all know they charged CZ and he stepped down. Most likely he will get arrested as he goes on US soil.
What I find strange about all this, is that it’s all familiar. Anyone know what I am taking about?
Remember Bitmex and it’s CEO Arthur Hayes who was arrested. What happened right after? One of the biggest bull runs in Bitcoins history.
History doesn’t repeat itself but it often rhymes.
It is my understanding that they have reached an agreement, so CZ won't be arrested. If he decided to confess and collaborate I guess it's exactly because he already knew that in that case he wouldn't be arrested, otherwise why confessing? He could have simply stayed in Dubai and the US couldn't do anything about it.
But if he pleads not guilty and there is no deal with them, what will happen to Binance? I believe he is thinking more about the future of binance and the BNB blockchain ecosystem than he is thinking about himself. After all, those are two passionate products that he has worked hard to build over the years. He may not be arrested but his two products will certainly be destroyed if he does not agree to any deal. I think CZ's punishment will be the same as Arthur Hayes.