Biggest News : Why did CZ step down as CEO Binance?

Why did CZ (Changpeng Zhao ) step down as CEO Binance

Binance exchange is considered the number one exchange for cryptocurrency trading.

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Investors invest their money with confidence on the Binance exchange.

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Changpeng Zhao is the founder and CEO of Binance exchange.

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Binance CEO Changpeng Zhao has misused the law in US.

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Binance CEO Changpeng Zhao also pleaded guilty to anti-money laundering and US sanctions violations.

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Because of which the US government has imposed penalties of $4.3 billion on them.

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Binance CEO Changpeng Zhao has resigned from his post.

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Changpeng Zhao has written a post on X social media saying that he has resigned from the post of CEO.

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Now Richard Teng has been appointed the new CEO of Binance exchange.

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