Binance founder Changpeng “CZ” Zhao has agreed to step down as CEO of the crypto change because the U.S. Division of Justice (DOJ) prepares to announce that it is secured a $4.3 billion settlement with the corporate.
In line with The Wall Road Journal, CZ intends to plead responsible to a number of expenses levied by the DOJ. He is scheduled to look in a federal courtroom in Seattle Tuesday afternoon, the place he’ll enter his plea, the Journal stated. The report additionally signifies that he’ll plead responsible to “one felony cost.”
Though the deal would enable CZ to retain his majority stake in Binance, he will not be allowed to carry an govt place on the firm.
The Wall Road Journal additionally stories that this plea deal will not have an effect on pendi
This can be a growing story, and additional info will likely be added because it turns into accessible.
