Binance founder Changpeng Zhao (CZ) has modified his profile title from “ex-@binance” to “@binance,” based on Twitter knowledge. This alteration has fueled hypothesis that Zhao might return to his position 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 wonderful to settle the case. On the similar time, Zhao pleaded responsible to cash laundering prices 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 position at Binance, he’s the only real restricted associate of funding agency YZi Labs, which was beforehand referred to as Binance Labs however rebranded in January to function independently of Binance.
It isn’t 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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