I disagree. I believe that Binance have committed so much fraud that they will be sued and penalized by every country until they collapse or are forced out of most countries that do not support them (once they run out of the budget to pay the fines). There's no doubt that budget would be quite large, but it won't last forever if the fines are anywhere near the size that the US gave...not to mention if CZ is able to remain out of custody as a result of all of the new cases too, if they're suing for times where he was the head of the exchange.
Collapse? I don't think the lawsuits and the fines will get them to that level; they will always find a favourable way to settle with the countries that will come up with any lawsuits against them for the crimes which they have committed in the past, which they could either come to a mutual agreement that will benefit them both, or they will have to leave the country market for peace to reign.
Binance has a lot of dark and dirty secrets. How do you think that they made it to the top? With on-chain analysis only getting better and more accurate, more of the dirty secrets will be uncovered, and those dirty secrets span across many, many countries. Even that aside, the charges in the US set precedent for every other country to seek "remuneration" as well for any perceived damages that they had done or enabled. The fine spree probably won't stop, and no firm (no matter how large) can sustain fines in the multi millions, even billions of dollars. Not even Binance. Especially in the event of a market crash as well.
I disagree. I believe that Binance have committed so much fraud that they will be sued and penalized by every country until they collapse or are forced out of most countries that do not support them (once they run out of the budget to pay the fines). There's no doubt that budget would be quite large, but it won't last forever if the fines are anywhere near the size that the US gave...not to mention if CZ is able to remain out of custody as a result of all of the new cases too, if they're suing for times where he was the head of the exchange.
This attack could have even been worse if the former CEO were in power, since he has handed over the new administration and might have to wave some things since they were not the ones given commands.
It makes no difference if he is no longer in power if the charges are for actions that were conducted while he was in power. The change in administration was only to protect Binance going forward, it doesn't protec them for things in the past.