Forbes: Binance CEO Changpeng Zhao may resign as part of U.S. settlement case
Forbes report states that according to sources, Binance CEO Changpeng Zhao may step down from Binance.
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Did Zhao Changpeng Resign from Binance for Settlement?
This is part of a $4 billion major settlement agreement reached between the U.S. Department of Justice and the world's largest cryptocurrency exchange, Binance. The settlement will involve the U.S. Department of Justice and the Commodity Futures Trading Commission (CFTC), but not the Securities and Exchange Commission (SEC).
Is Binance expected to end the U.S. lawsuit with a $4 billion settlement by the end of the month? BNB surges over 7%
Is Binance Ready with $3.9 Billion for Settlement?
On 11/9, Binance's address moved a large amount of USDT, totaling $3.9 billion, which is close to the rumored settlement amount with the U.S. Department of Justice. The community believes that the likelihood of the rumors is high.
