CZ was smart enough to step down as the CEO of Binance so any case or issue against him will not bring down his empire. If he was still the active CEO, this news would have had a greater effect on the company.
But, my money in binance is safe right?
Even if he were still the ceo, nothing would have happened to binance. In my opinion, the prosecutors and maybe the judge and the courts are really trying to make an example of CZ because he failed to an effective anti-money laundering (AML) program at Binance.
Over here I know that the government is watching closely with what is happening in the US. They already said it that binance was supporting laundry money laundering.