Wu said he learned that according to Axios, Binance CEO Richard Teng said that Zhao Changpeng was banned from managing or operating Binance for life. According to the agreement of the US Department of Justice, Zhao Changpeng will be banned from participating in the company's daily operations after completing his imprisonment on September 29, 2024. However, as the largest shareholder, Zhao Changpeng retains all shareholder rights and will still maintain significant influence on the company. Teng said that if the company's performance does not meet expectations, as an investor, he has the right to replace or nominate new board members or CEOs, and shareholders can also propose resolutions at any time.