🚫 Breaking news! Changpeng Zhao bids farewell to Binance leadership position
🔥 Shocking news came that the departure of Changpeng Zhao, the founder of Binance, was labeled as a "lifetime ban"! In an interview with Axios, the current CEO Richard Teng personally confirmed this remarkable decision - Changpeng Zhao has been permanently deprived of the right to play any leadership role in Binance. 😲
🔍 Behind all this is a complex and profound settlement agreement between Binance and the U.S. Department of Justice (DOJ). This clause in the agreement is like an insurmountable red line, completely demarcating Zhao Changpeng's future from Binance's leadership. 💼🚫
💰 At the end of last year, Binance was at the center of a storm for multiple federal criminal charges, and eventually chose to plead guilty and pay a huge fine of more than $4 billion. This settlement is a historical precedent. For the first time, a company has involved personal criminal charges of executives in an agreement. This is not only a major blow to Binance, but also a profound warning to the entire cryptocurrency industry. $ 💸