⚡️Everything that happened with Binance and CZ in the last 24 hours:

🔻CZ admitted that it did not prevent money laundering by terrorist organizations, and also did not comply with sanctions against Russian citizens.

🔻The head of the exchange agreed to resign and pay a fine of $50 million.

🔻The new director will be Richard Teng (previously he led Binance in all regions except the USA)

🔻Binance will pay $1 billion in fines immediately and $3.3 billion over 15 months.

🔻All Binance transactions will be monitored by the US authorities for the next 5 years.

🔻CZ was released from custody on bail of $175 million and was even allowed to return to the OAU and await trial there, scheduled for February 23, 2024.

🔻In 24 hours, almost $3 billion was withdrawn from Binance, but there is still $56 billion left.

🤔The outflow of funds is large, but the exchange resisted. Who do you think will be top 1 now? Okex? Revival of FTX? 🌚

#cz_binance #TopCryptoNews #CZ