Binance Founder And CEO To Resign, Settles With DOJ By Paying Fine

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Recently, Binance Founder and CEO Changpeng Zhao was fined and ordered to step down from his post. This news comes months after Sam Bankman-Fried, former CEO of crypto platform FTX, was also charged with a sentence as long as a little more than a hundred years. As a result of these events, US storage Merrick Garland issued a message clear: it’s not okay to operate illegal business practice, not even using technology.

Treasury Secretary Janet Yellen also stated that to ”enjoy the advantages of the US fiscal system, organizations must obey the rules that protect us from crime, foreign opponents, and terrorism.” Bearing in mind this recent emphasis on the comprehensive compliance of law of such corporations, legal insiders have established an individual watchwoman for Binance to accomplish quality control for a period of 3 years.

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Robert Wilson author
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