Former Binance CEO Changpeng Zhao (CZ) will also step down as chairman of the exchange’s US division. This was stated by the press service of Binance.US.
We wanted to provide an update to the https://t.co/AZwoBOgsqS community in light of last week’s news regarding CZ and https://t.co/IZwa5M2U8b.
As you know, https://t.co/AZwoBOgsqS was launched with the express purpose of serving United States customers in accordance with all…
— Binance.US 🇺🇸 (@BinanceUS) November 28, 2023
The division also emphasized that the platform operates independently of the global exchange. Consequently, the site will continue to function fully, the publication says.
According to the official statement, Norman Reed remains the head of the division. He replaced Brian Schroder in this post, whose departure caused a lot of gossip.
Let us remind you that the former head of Binance pleaded guilty to violating the Bank Secrecy Act. He will pay a fine of $50 million, and CZ also faces a prison sentence. He will remain in the United States until the next court hearing.
Source: Cryptocurrency
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