The former head of Binance, Changpeng Zhao (CZ), revealed details of his activities after leaving Binance.
Been reading about biotech, thinking about how to use crypto to accelerate research funding there.
Keep building!
— CZ 🔶 BNB (@cz_binance) November 27, 2023
It is noteworthy that on November 23, the X account of the ex-head of Binance turned out to be “temporarily unavailable.” The account was later restored.
On November 21, Binance and its founder were found guilty of a number of charges, after which Zhao resigned. The cryptocurrency exchange agreed to pay one of the largest corporate fines in the history of the United States – $4.3 billion.
CZ was subsequently released on bail of $175 million. Following this, the US Attorney’s Office filed a motion to ban CZ from leaving the country. The department believes that the former head of Binance may not return to the country and avoid a prison sentence.
Despite Zhao’s departure and the fines, analysts at Matrixport, Bernstein and JPMorgan expressed confidence that the company will maintain international dominance among cryptocurrency exchanges.
Source: Cryptocurrency
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