Amidst an ongoing settlement process between the US Department of Justice (DoJ) and Binance, CEO Changpeng Zhao (CZ) has resigned.
CZ’s resignation comes as a shock to many, given his instrumental role in establishing Binance as the world’s largest crypto exchange. In a statement on social media platform X, he acknowledged mistakes, stating, “I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.”