Oh the irony considering he was instrumental in taking down SBF.
CZ dumped the FTT token (which was FTX’s proprietary coin) which caused a run on the bank. FTX never had enough liquidity to pay everybody so they declared bankruptcy
BREAKING: Binance's CZ, their CEO, is stepping down.
He has plead guilty to money laundering violations in Seattle and Binance also pleading guilty, paying the $4.3 billion fine.
— unusual_whales (@unusual_whales) November 21, 2023
The CEO of Binance has pleaded guilty to anti-money laundering violations and agreed to pay a $50 million fine.
He has agreed to step down as part of the settlement.
Binance also agreed to pay a $4.3 billion fine.
It turns out,
It was not "FUD."
— Gold Telegraph ⚡ (@GoldTelegraph_) November 21, 2023
JUST IN: $1.3 billion in user funds withdrawn from #Binance following US Government indictment.
Let the bodies hit the Floor! t.co/RqTLkHRqVz
— The Coastal Journal (@1CoastalJournal) November 22, 2023
h/t realstocknear