Post
Topic
Board Bitcoin Discussion
Re: Binance reaches deal to pay $4.3B settlement to American regulators
by
Dump3er
on 21/12/2023, 23:01:10 UTC

Its mean CZ have polite attitude than SBF broken some law without make costumer of Binance user losses their fund and difference with SBF how many people loss their money in FTX exchange without get refund yet. I don't think about who are lucky between CZ or SBF because rule broken by CZ as indicate with money laundering his Binance US exchange operation, by paying $4.3B settlement to American regulators Binance US allow for operating and not give drastically impact for the user not worry their fund keep secure for depositing or withdrawing.

CZ leaves his position as Binance CEO and seems still be important part for Binance but working behind the scene because he is most important person for building Binance as top global exchange reputation.

This is really an intriguing question about this whole case and one thing I have been wondering about is how much money or wealth CZ kept as shares in the Binance empire in the form of tokens or coins. Or did he do it smartly and cashed out a lot over those years? I am quite sure that he is very rich anyway, but the numbers that were thrown around in the media ranged from a few billion USD to 60 billion USD or something like that, but if that is all on paper like it was in the case of SBF, it would mean that if CZ decides to liquidate a lot of his holdings, it would be selling pressure for BNB.