Share

Scan with WeChat

Bloomberg: Zhao Changpeng is not allowed to continue holding any positions, but will retain majority ownership

2023-11-22 01:30:10

Collection

ChainCatcher news, citing sources from Bloomberg, reports that regulators will impose a $4.3 billion fine on the world's largest cryptocurrency exchange, Binance. Founder Changpeng Zhao has agreed to resign and plead guilty, and will not be allowed to hold an executive position at Binance, although he will retain a majority stake in the company.

warnning

Risk warning

Related tags

Zhao Changpeng Binance settlement

Binance's $4.3 billion settlement case continues to be tracked.

Binance's $4.3 billion settlement case continues to be tracked.

The boots have finally dropped! Binance will pay up to $4.3 billion in fines to the U.S. Treasury, and Changpeng Zhao has announced his resignation as CEO of Binance... What will be the subsequent impact of this hefty settlement on Binance and the cryptocurrency industry? Will it open a new chapter for compliance regulation in the industry?

Related reading

Zhao Changpeng: Quantum computing may disrupt existing cryptocurrency mechanisms

2026-04-10 08:54

Zhao Changpeng: Upgrading cryptocurrencies to quantum-resistant algorithms can address the impact of quantum computing

2026-03-31 20:42

Zhao Changpeng: The new book has been finalized, and the English and Chinese titles have been determined

2026-03-23 20:57

Li Hua Yi: Suggests that Zhao Changpeng provide better exit mechanisms for crypto VCs, as active capital is beneficial for industry innovation

2026-03-10 20:52

Related tags

Zhao Changpeng Binance settlement

app_icon

ChainCatcher Building the Web3 world with innovations.