Re: Binance reaches deal to pay $4.3B settlement to American regulators
I guess that $4B settles everything and CZ won't be ending up behind the bars. Although we're not defending him as he admitted that he committed that he's part of the money laundering based on what I've read about this case.
While SBF, clearly spent and used people's fund and that's why he's convicted.
While SBF, clearly spent and used people's fund and that's why he's convicted.
At least CZ had some dignity and faced responsibility like a man. SBF on the contrary, did not admit he was guilty until the bitter end. He used customer's funds to build his little crypto empire. What CZ did, was honorable in my opinion. He paid the $4.3B settlement to the US government and declared himself guilty. This should increase investors'/traders' confidence on Binance exchange.
Hopefully, the new CEO (Richard Teng) will guide the company towards the right direction. By working closely with regulators, Binance will survive for a very long time. This could be the beginning of a new era for both Binance and BNB.u Crypto land is often full of surprises, so expect the unexpected. Just my thoughts
Ay it does appear that CZ learned from SBF's actions seeing the result publicly online and all over the news. Its clear that regulators are cracking down to pave the way for the Bitcoin ETF, and now with Binance's new figurehead Richard Teng we will see them have a much smaller impact on the exchance crypto industry as a whole. I for one am just now waiting for the equivalent of Trump mugshot for CZ, now just someone need's to make his bail lol. Poor guy can't flee to Saudi and the US isn't going to let him return to see his family to even chance him doing that.