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 is unexpected news knowing CZ built the Binance so strong. Anyway with the new CEO possible new eras and new beggining for Binance.
Sorry, though I'm familiar with the post, I just saw this on the altcoin section. And a big congratulations to CEO Richard Teng, if CZ didn't believe he was too smart, he wouldn't find himself in this mess and another person would not have taken his responsibility and pride.
But I wonder why this is a shocking event to you and why you related it with the strength of Binance. It might be shocking news really but certainly not questioning the strength of Binance. This is financial misconduct and has nothing to do with the financial standing of the company. Fine, the reputation is at stake and a fine of $4.3B is big, yet it might be spread over a long duration of time. The insurance could also cover it as it's part of their responsibilities.