Binance founder Changpeng Zhao (CZ) has modified his profile title from “ex-@binance” to “@binance,” in response to Twitter information. This modification has fueled hypothesis that Zhao might return to his function at Binance.
Binance confronted allegations from the US Division of Justice in 2023 that it violated cash laundering legal guidelines and operated an unregistered cash switch system. The corporate agreed to pay a historic $4.3 billion nice to settle the case. On the identical time, Zhao pleaded responsible to cash laundering costs and resigned from his place as CEO. He was launched in September after finishing a four-month jail sentence.
Whereas Zhao does not at present maintain an official function at Binance, he’s the only real restricted companion of funding agency YZi Labs, which was beforehand often known as Binance Labs however rebranded in January to function independently of Binance.
It’s not but clear whether or not Zhao’s profile change is a symbolic transfer or the primary signal of plans to return to Binance.
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