Changpeng Zhao, aka CZ, will soon be released from prison in the US, but may be permanently banned from running crypto exchange Binance. 🚫

- According to Axios, Binance CEO Richard Teng confirmed CZ's lifetime ban.

- In November 2023, Binance reached a $4.3 billion settlement with the US government, and CZ pleaded guilty to one charge.

- CZ to pay $50 million to regulators, but SEC case continues.

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