๐จ Breaking News ๐จ
๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ ๐ณ๐ผ๐๐ป๐ฑ๐ฒ๐ฟ ๐๐ต๐ฎ๐ป๐ด๐ฝ๐ฒ๐ป๐ด ๐ญ๐ต๐ฎ๐ผ ๐๐ฎ๐ป๐ป๐ฒ๐ฑ ๐๐ผ๐ฟ ๐๐ถ๐ณ๐ฒ ๐ณ๐ฟ๐ผ๐บ ๐ฅ๐๐ป๐ป๐ถ๐ป๐ด ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ! ๐ซ
Following a major legal settlement with the DOJ, Zhao faces:
โ๏ธ $50M fine
๐ 4-month prison sentence
Despite this, CZ remains Binance's largest shareholder, giving him a powerful seat at the table. ๐ผ
โก๏ธ CEO Richard Teng explained that while CZ can't handle day-to-day operations, his influence as a major investor remains:
๐ก Board Nominations
๐ Company Reviews
๐ Proposing Resolutions
Stay tuned as this unfolds! ๐
#Binance #CryptoNews #ChangpengZhao #RichardTeng @cz_binance